GOP Tells Obama: Show Us Your Debt Ceiling Proposal

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Take tax down to 15% Immediately. Monies will flow into USA! 15% of something is more than 35% of NOTHING! Therefore positive for the budget/deficit and may create a few jobs. Somthing better than nothing!

JIM PETRILLO of NY 12:22PM May 05, 2011

There is a lot of comments about Social Security and Medicare being a problem with the debt. However, the trust fund for Social Security is over 3 trillion. If you remove Social Security from the debt equation, the debt would be actually over 17 trillion instead of 14 trillion. The government has borrowed form the fund to over spend on a lot of other things. The government needs to cut a lot of spending instead of trying to micro-manage the country by taking on responsiblities that should be done at the state level. For example, Housing and Urban Development (HUD) has no place in the Federal government because with the exception of Washington D.C. all the housing is in states with their own controls.
As Thomas Jefferson wrote "Those that govern best, govern least".

Mike of CA 10:23AM May 05, 2011

This should be Obama's Debt Ceiling Proposal: those making the hugest campaign contributions, of either party, are the ones we stiff first when we hit the debt ceiling.

Fran of OH 9:08AM May 05, 2011

Why is there so little discussion about the looming $100 trillion debt problem related to unfunded entitlement programs like Social Security and Medicare? In the best-case scenario, the debt added by these unfunded programs will result in a debt-to-GDP ratio of over 400 percent by 2050 as shown here:
http://viableopposition.blogspot.com/2011/04/hidden-american-100-trillion-debt.html

Steve Thompson of ME 7:32AM May 05, 2011

Tax the Rich and Corporations at 60% and pay-off the National debt. Flat rate Tax for all American Citizens and 55% for all Non-Citizens. End all Defense contract and start the America Industrial Recovery Act (AIRA) and put Americans to work for $15.00 to $20.00 per hour with guarantee of 40 hours a week with Health Care for only Citizens. All others get to the back of the Line... Republicans and Conservatives, too!!
American Citizenship First and Foremost

Rachel M. Vest of OK 8:13PM May 04, 2011