Re: Poll: GOP to blame if "fiscal cliff" talks fail
Originally Posted by TheWalrus
Well, rather than get into details right away, let's try to establish a broad framework. What, in theory, do you think the ratio of spending cuts to revenue increases should be?
Let Bush tax cuts expire on incomes over $250K, cap deductions and credits at $50K, figure out income from there and cut budget to match. Not necessarily important to pay down debt but must halt it. Whatever ratio that works out at is the correct one. Start budget cuts by slashing unnecessary programs and cutting everything else by 20-30%, including military, and Medicare.