Using 2010 IRS data you can confiscate every penny of every dollar of income of $500k a year and you wouldn't even cover the current deficit for one year. It is a spending problem not a revenue problem. The "cut $4 trillion starting 2013" is a fallacy, they are not cuts at all, in face that would add an additional $11 trillion to the total debt over a decade according to the budget projection released by the administration.
Your still clinging to that Buffet BS. So sad. I won't even try to explain it to you again But if his secretary is paying "35%" either she needs a new accountant or somebody is being dishonest.
You state, "They are unwilling to cut defense spending, which at $800 billion a year is our greatest budget expenditure." That is a completely false statement, the two biggest expenditures are Social Security and Medicare, take just a few seconds to look at the official number put out by the White House budget office. And if you were paying even the slightest bit of attention recently it has been about not raising taxes as opposed to cutting taxes as you misrepresent.
You should probably ask Udub for some of your money back because it appears you didn't learn much about economics. You also make a false assumption that "cutting taxes" reduces revenue when in fact all historical data proves the opposite, revenues to the treasury increase do to higher economic activity. You then state, "..but deregulation is what caused the housing bubble and it's collapse" again another incorrect statement.
While it did contribute to it there were many issues involved including but not limited to the reinforcement of the CRA during the nineties, the repeal of Glass-Stegal but the largest and most direct cause of the housing market collapse was the Federal Reserves "cheap money" policies throughout the nineties and early this century. Without the "cheap money" the mal-investment would not have occurred and the asset bubble would not have been created. The "dot-com" asset bubble and collapse was a result of the same monetary policies and was a precursor to what happened in 2008.
Edit: I did not "lump them together, reread what was written. Here it is again, "...the two biggest expenditures are Social Security and Medicare". For your information, using 2011 budget figures.
DoD - $678 billion SSI - $796 billion DHS - $804 billion http://www.whitehouse.gov/omb/budget/Ove... http://www.irs.gov/pub/irs-soi/10databk....
Growing the economy (GDP) will create more tax revenue. It do NOT shrink revenue. Even a 10 year old would rather have 20% of $100 than 30% of $50.
If the economy grows so do tax revenue even if tax rates are lowered. What part of math don't you understand? The housing bust ws from the democrats forcing banks to make bad loans in the 90s.
Learn some history, grow up, learn to think for yourself, whatever stop drinking the kool-aid. Look at the sources.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.