Comment: I've never liked this

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I've never liked this

I've never liked this simple-minded bashing of no exemptions or exceptions. There are many reasons that credits, deductions, etc. exist. Sometimes bad ones exist, but there are also a lot of good ones. For example, a lower rate on capital gains. A lower rate on energy and healthcare industries. Tax credits for hiring people or for engaging in long-term research.

Yes, maybe something like the home mortgage deduction or the earned income tax credit needs to go. But would you want something like education expense deduction to disappear?

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

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a