With the US debt sky rocketing out of control, the American government must make tough decisions to bring America back to prosperity. Right, wrong, or indifferent, we’ve got to do three things:
- Increase tax revenue through higher taxes (sorry!)
- Reduce discretionary spending.
- Reduce mandatory spending
Do these three things and watch our debt come down. Yes, it’s much harder than it looks, but I’ll give you some specific recommendations in later posts.