Tuesday, October 12, 2010

Bring the deficits down

Gist: Politicians want to cut spending, but they don't say which spending. They want fundamental tax reform, but they don't explain how that will bring down the deficit. There are four policies that people should choose one of them when they go against deficit. One, cuts to Medicare. Two, cuts to Social Security. Three, military cuts. Four, tax increases. Clamp down the spending on Medicare that does not make people healthier. Raise the retirement age for social security. Reduce wasteful spending on military budget. Increase tax rate. These options may bring the deficit down.

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