Comment: Realistically speaking,

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In reply to comment: A pointless plan. (see in situ)

Realistically speaking,

Realistically speaking, tariffs are not paid by the consumer. They are paid by both the consumer in terms of higher prices and by the producer in terms of less profits. The amount that gets shifted depends. There is real-world evidence of this. When Reagan lowered taxes, price levels were barely benefited. When Clinton raised taxes, it was almost all hurt the wallets of producers. When Bush cut taxes, it almost all went into the pockets of producers.

Now, when you hurt the pockets of producers, you hurt their ability to invest, grow, and give dividends. However, with the modern idea of borrow, borrow, borrow, this appears to have no effect.

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