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Here's a simple man's solution to the debt problem our country is facing.
Let's look at it like we do our bills at the house.
A Family has $60,000 of income but over $80,000 in debts. This means you are "upside down" in your budget and need to do TWO things. Cut bills and Increase Income.
The most sensible way to do this is to do a "half and half approach". $10,000 in cuts and $10,000 in increased income. So you pick up side PT gig and add $10,000 of income. Then you cut the things you can do without for awhile out of your budget. Even the tough stuff like Cable, Internet, and gym memberships. Cut down nail appointements and hair stylings. You get the picture. Over time you get yourself to a balanced budget...with a balanced approach.
We have to do this EVERYDAY in our homes...so why can't the government get it right?
We need to cut some things. Including Medicare and Social Security, if necessary (however, there are other things to cut FIRST). We need a tax increase and the WEALTHY need to pay their share. The Bush Tax Breaks must go. It can't be done with all Tax Increase to the wealthy (Democrats) and spending cuts that ultimately effect the poor (Republicans). The answer is somewhere in the middle and Obama realizes that. Everyone else is trying to score political points...but that's how we got here in the first place!!
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