us fed deficit $1,406,000m govspending $3,518,000m
largest items medi care $757,000m soc sec $689,000m defense $659,000m pensions $189,000m total of major items $2,294,000m the rest $1,224,000
fed taxes - $2,112,000m
solution
raise taxes 20% = $500,000m us has high unemployment if economy turns spending on soc sec would halve reduce spending by $300,000m reduce spending on defense -pull out of all overseas bases reduce spending by $350,000m
reduce rest by 50% $600,000
total spending cuts $1.2trillion raies taxes $500,000m $1.7trillion - deficit $1.4 = $300,000m paid off debt the us is debt free in 40 years
