Actually to eliminate our $1.17B/year deficit we need cut spending (particularly DoD, SS, Medicare/caid) and increase taxes (income, corporate).
Read to inform yourself about our budget.
Here are some good ideas:
1) Cut the DoD budget ($663B/yr in 2010) by $360B/year. We would still have 3x the DoD Budget of the next highest DoD budget , China's $100B/year
2) Increase marginal income taxes on millionaires to 45% and billionaires to 49%.
saving $79B/year
Could easily get even more revenue by greater tax hikes on the rich more in line with the rising inequality we have seen since 1976 (look at bars above).
3) reduce our health care costs by 40% more in line with the highest health care per capital spending level of OECD countries savings ~$317B/year in Medicare/caid costs (now at $793B/year)
4) enforce corporate tax rates by saving at least $170B/year that would have been saved in 2002 (say at least $200B/year by now)
5) cut our black programs in half (~$50B/year saved); black programs are the "other" at the bottom of
6) cut social security by ~$200B/year somehow.
That's $1.2T is rather obvious savings.
Not saying it is this simple. For example these cuts mean lost jobs and therefore lost revenues. But we need to move in these directions - all of them agressively- all the while trying to improve our productivity thru infrastructure improvements/repairs, energy independence (which most reserchers say will pay or itself), and education.
Another unbudgeted cost of war is the over their diminished lifetimes.
All any of these wars are doing is creating more hatred against the US.
Informed by Data.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.