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Old 06-09-2011, 06:50 AM
joeydb's Avatar
joeydb joeydb is offline
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Join Date: Jun 2007
Location: Southeastern PA
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1) Limit the borrowing once and for all: Cap borrowing to $15 trillion, period, end of story. If we can't get it together before that expires, the dollar is done. No extensions, no re-engineering. That's it.

2) Tax reform as one item, some components here: Flat tax - no deductions for anyone. Social Security has no ceiling on confiscation.

3) End the Ponzi schemes: Cap and taper down social programs that are the main source of debt: Repeal obamacare, phase out social security, cap medicare.

The party is over. That is the three elements we need - stone wall prevention of more debt, end the largesse of social spending, and reform the tax code to something extremely simple to implement that has no brackets. Then there will be no penalty for making more money, which is good for the economy, the debt will be limited and will actually decrease as we spend less on the programs which are unsustainable.
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