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Wednesday, July 27, 2011

How to Solve the Debt "Crisis"

First, let me just say that there is no debt "crisis."  We will not default on our debt (T-Bills). Past that much, it's Obama's call whether or not we pay Social Security, Medicare, Medicaid, etc (obligations).  So as the liberal drones declare that there is a Republican war against the elderly and veterans, it is actually the liberals in charge who make that final call.

There is in fact a simple solution to this problem.  The Democrats are calling for more shared sacrifice.  If they, and other liberals across the fruited plain, feel the need for more revenue, I welcome them with open arms to send a little "bonus" to the IRS come next April.  I doubt the feds would mind.  I also think there needs to be a gag tax on those extremely wealthy who insist that more can be paid.  I would point to the Gates family, Warren Buffett at times, George Soros, and GE CEO Jeff Immelt.  Every time that they start talking about how the wealthy should pay more in taxes, they should pay some large portion of their income to the feds.  And as they call for taxes with more and more frequency, they should be charged a wealth tax--including assets.  It's ridiculous that these high profile Democrat donors demand more of me and my family when all they care is that they get their green energy subsidies. It's almost as sick as when Ted Kennedy said he liked hearing jokes about Chappaquiddick.

We should extend the debt ceiling (with a balanced budged amendment, but idiot majority leader Reid is frightened by balanced budgets) until April 15.  Once Tax Day rolls around, Americans may be more accepting of severe cuts.  We should most definitely move election day to April 16.

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