Debt

The Federal deficit is $34 trillion and currently growing at a rate of $1.7 trillion per year. We are spending over 23% of GDP and only taking in revenue of 19%. The debt continues to grow regardless of which political party is in power. A bipartisan committee comprised of outside experts and Congress members must create the solution and educate the public to gain support and buy-i

The United States is playing Russian Roulette with our debt and our fiscal future. The current national debt is a whopping $32 trillion, almost 100% of Gross Domestic Product (GDP). We must raise revenue from 19% to 21% of GDP by eliminating most deductions, exclusions, preferences, and credits. We must bring spending down (currently 23% of GDP) to revenue over the next 10 years by freezing domestic and defense spending, reforming healthcare, and putting Social Security on a solid footing by reducing benefits to the top 25% of earners.