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CBO: By 2020 US Debt will be 90% of GDP under Obama Plan

Obama, you can’t spend us out of debt.  Your plan of taking more and more away from the American people will just remove the incentive to produce and steepen our downward spiral into economic oblivion.

Here’s the way forward if you truly want America to succeed.  It is the recipe that made America great to begin with.

  1. Cut taxes, personal taxes, death taxes, corporate taxes, and any other taxes.
    1. A Flat tax, with no loopholes or exemptions is completely fair, and eliminates the need for the IRS, thus saving billions of dollars per year
    2. The flat tax code is so simple it can be written on one page vs. the thousands we currently have and can’t understand (Are you listening Mr. Geithner and Mr. Rangel?)
    3. Giving people more of their money to dispose of as they see fit improves their lives, and when they spend it they improve the economy and create wealth in other sectors.
  2. Reduce the size of government and its associated spending
    1. Spend on the one thing the federal government is mandated to spend on: NATIONAL DEFENSE
    2. Get out of America’s way and watch us thrive

http://money.cnn.com/2010/03/05/news/economy/cbo_obama_budget/index.htm

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