Originally Posted by Guest

Your 1.2 trillion is a little high , but in the ballpark.
https://www.nationalpriorities.org/b...-101/spending/

Here is a breakdown of the 2015 budget. https://www.nationalpriorities.org/b...-101/spending/

Social Security, and Medicare make up 2.25 trillion of the total budget of 3. trillion. They are considered Mandatory spending. Untouchable? When you add in military spending 609 billion, and the interest on debt 229 billion, you get 3.1 trillion of the total of 3.8 trillion. What are you going to cut? What about the off the budget items that were 244 billion in 2014? Are you going to cut that too from the budget also?

You are making an assumption that the tax increase will be spread equally among all families, which won't be the case. People that can afford it the most will pay more of the increase.

The second assumption is that corporations will pass along their tax increase to their customers. If people can't afford the products corporations are selling at the higher price, they won't buy it.

You can't increase taxes to cover the entire deficit. You are going to have to cut federal spending. You are also going to have to make changes in Social Security, and Medicare. These changes will be based on need. If people don't need it. They don't get it.

If the economy does better, people will do better. That is not the case, if corporations are doing everything to avoid paying taxes. Couple this with corporations with workers in the US not getting increasing wages, because they are doing better.

How would you get rid of the 1+ trillion dollar deficit per year?