Honestly, right now everything needs to be audited and leaned down. Spending must be addressed before anything, then the tax code needs to be structured more for efficiency than for loopholes, finally a very temporary tax increase at the back end. Those three things won't eliminate the debt but at least get it down to manageability.
Neither side in an argument can find the truth when both make an absolute claim on it.
If the GOP will agree to raising taxes to Clinton levels, and if the Democrats will agree to cutting 300 billion from annual budgets, and if most of the savings is allocated to the debt payment, then this can be averted.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
Yes, but that doesn't matter>> http://www.debatepolitics.com/govern...man-earth.html (Governmental debt -- biggest strawman on Earth)