In response to:

The Kingdom of Fairness

Kurt152 Wrote: Dec 06, 2012 8:43 PM
Even Russia gets it. They instituted a 13% flat income tax, and the revenues just flooded in. When will we come to our senses? I hope, not after 80 years of Socialist/Marxist repression and poverty.

We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.

Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, Obama's annual deficits have never gone below $1 trillion.

Three ways to establish a long-term trajectory toward a balanced budget were under...