Comment: See the thing is, we are not

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See the thing is, we are not

See the thing is, we are not only spending more than ever in a long time, we are also taxing less than we have in a long time.

Ron Paul forgets that even in the time of the founders, they collected tax revenue of between 4-8% of GDP, with no income tax. Now, omitting social insurance taxes, we pay about 9% in taxes, even though government is necessarily bigger than it was during the times of the founders (for example, our military spending has grown because this country DOES have a lot more than it needs to be defended from. Does it need to be 1 trillion? No. But it has to be more than the 150 billion it would be if we followed the budgets of the 1800s...

Plan for eliminating the national debt in 10-20 years:


Specific cuts; defense spending: