It's almost 2013, and many politicians are talking about fixing the budget.
The problem is, the Huge gap between income, and expenses can not be closed.
2011 tax revenue was $2.3 Trillion.
2011 spending was $3.84 Trillion
2011 new debt was $1.55 Trillion
$360 Billion payed on interest on debt
$820 Billion payed to social security
$806 Billion to medial welfare
$654 Billion to other welfare programs
$707 Billion to military spending
How do we fix this issue realistically ?
In a real world, ether ALL taxes would have to be raised 41%, or ALL spending has to be decreased by 41%.
Cutting out a couple million here and there, or reducing certain budgets 2% or 3% will never work.
Have any better ideas than I do ?
Edited by Shippou, 25 November 2012 - 02:56 PM.