Make no mistake about it, I am not an economist or wel versed in the details of the current debt crisis but, while there are complicated underlying facts, the basics are simple, our country is living beyond it's means. If run into the same situation in our own personl lives that simply means, cut spending and increase income. Asking the credit card companies to raise the limits on our credit cards simply provides a temporary release of pressure and extends the extent of the problem.
Many politicians (on both sides of the aisle) are too ennamored with re-election concerns or hopes of advancing that they are not doing what we need them to do. I think the theory of what needs to be done is somewhat simple, someone needs to review expenses (budgets) and income (the tax code) and try to simplify things as much as possible as the problem is that no one really knows how much we are spending or collecting.
As for the tax code, it truly needs to be simplified. I'm not saying that we should raise taxes, but simply ensure that everyone is paying their fair share.
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