[mattduke]

That's just to stop digging. They aren't even talking about what is required to pay back the debt. We are going to pay it back right? Right? Haha.
http://blog.heritage.org/2010/10/07/you ... e-deficit/

[efarmer]

I read the article linked. The guy is ate up with the tax hikes when America is high up on the exponential slope of financial ruin? And he thinks that Obama did this in 18 months?

And this is a think tank?

I think it is time to fill 'er up with some think again.

If I remember right, this is the same group that jazzed up all the people in the 1990's to go into Central Asia and chase the big oil and gas dollars on the "New Silk Road". These folks blew smoke up Neocon skirts and they got all worked up and farted out our national treasure through their new silk undies.

[Plantagenet]

Obama has exploded the budget deficit to the point that about 40% of every dollar he spends is borrowed.

If raising taxes won't raise enough money to close Obama's huge deficit then only one option is left----------LESS SPENDING.

Cut federal spending and the budget deficit will go away.

[EnergyUnlimited]

Obama has exploded the budget deficit to the point that about 40% of every dollar he spends is borrowed.

If raising taxes won't raise enough money to close Obama's huge deficit then only one option is left----------LESS SPENDING.

Nope.
This is not an option.
The only option left is MORE PRINTING.