There are only 4 ways to reduce the debt and deficit. 1st raise taxes, this seems to be going nowhere. 2. Cut spending, not in my backyard as these politicians don't want to cut anything that benefits their state or they will lose their next election. 3. Inflate your way out of it. This is the trickiest and can blow up ala the Carter era. 4th makes the most sense and that is to grow the economy so more people are working, spending and paying taxes. The trick here would be to use a combo plan that would do the first 2 gently and then really put some incentive plans to create job growth.
Who are you and what have you done with Dave!?
Just taxing the rich more isn't going to cut it though. That would only be a drop in the bucket so obviously the middle class, still the largest population segment of America I think, would have to also bear the brunt. A really big brunt.
The 47% will be unaffected by taxes on the front end but on the back end, when prices of everything go up, they too will pay more in taxes because the cost of an item is never absorbed by a company; it is always passed along. This what the Marxist manifesto doesn't seem to get.
Also, the 30% of the population who smoke, mostly in the lower income bracket, will see a huge hit in taxes by obamacare. You know; the obamacare they voted for when they voted for obama.
No one will be exempt in the long run. It's just a facade from the left that implies all this free money, phone, food, whatever will continue to come in.
Eventually the money will run out and the very first thing to be cut will be welfare. Not all at once of course but it will be phased out again. Maybe this time it will faster and less generous that last time. Clinton and the republican congress actually got this one right when they fixed it to make welfare a 5 year lifetime program or 2 years per kid. I think think they put the extra year in there in case someone who was poor was stupid enough to have another kid; at least the kid would not suffer completely for the first year assuming the mother used the money as was intended. Most don't though.
None of this is going to happen because obamao wants to destroy America. He has no intention of helping it prosper. Nothing he has done over the last 4 years is any indication he cares one whit about this country and its people.
Oh, he may throw a bone out there to make a show of it, but he has no real intention of trying to fix anything. Never has; never will.
This entire conversation is completely moot.