Video: Let’s pay down the national debt by donating $1 from each paycheck

posted at 7:31 pm on December 28, 2012 by Allahpundit

Via Mediaite, the saddest cable news segment you’ll see today. The guy’s intentions are obviously good, but c’mon. If you’re generous with the numbers here — assume every American, infants included, is fully employed and receiving a weekly check — you’re looking at raising something like $16 billion a year to offset a debt that’s grown since 2007 at a rate of almost $4 billion per day. He’s got something in the plan too about “big business” donating $1 for each transaction over $10. I don’t know how to guesstimate the revenue we’d get from that, but it’d be enough of a hit to major retailers and financial firms that there’s no way they’d comply without being compelled by government. And if they did, economic growth might well slow to the point that we’d end up losing tax revenue on balance.

Anything that pushes America’s debt problem in front of voters is potentially helpful, and amid the back-slapping and attaboys here, Fox does manage to sneak in the fact that the $7 million raised so far by this guy’s cause is enough to pay down the debt for … three minutes. But the takeaway from this bit is that there are in fact non-painful solutions to the debt crisis out there, with wealthy corporations ready, able, and hopefully willing to shoulder most of the load, and that’s simply not true. Reminds me of Obama’s dumb Buffett Rule in that regard: Neither O nor Soucy claims to have solved the red-ink problem completely, but they do imply that their plans would ease the situation considerably, which is nonsense. There’s no way out of this without entitlement reform and/or tax hikes on the middle class. One way or another, average Americans will sacrifice. Stuff like this does nothing but leave them less prepared for the reckoning.



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Poor guy…

anuts on December 28, 2012 at 7:34 PM

I’ve got a better idea. I call it “economic growth”.

Mark1971 on December 28, 2012 at 7:35 PM

Or we could have bake sales.

JellyToast on December 28, 2012 at 7:37 PM

Or we could have bake sales.

JellyToast on December 28, 2012 at 7:37 PM

Have you cleared this with the first lady?

Mark1971 on December 28, 2012 at 7:38 PM

Who in the hell is this idiot?

Redford on December 28, 2012 at 7:38 PM

I didn’t run it up. Why should I pay it down?

Confiscate the salaries of every member of congress that ever voted for any spending bill. Let them pay for it.

CurtZHP on December 28, 2012 at 7:39 PM

How about we CLOSE the government for 3 days each week?

GarandFan on December 28, 2012 at 7:40 PM

How about we donate all the spare change found in clothes washers and sofas?

He’s got something in the plan too about “big business” donating $1 for each transaction over $10.

10% transaction tax? Can you spell Greater Depression?

rbj on December 28, 2012 at 7:41 PM

Love it everyone thinks increasing revenue will fix the federal budget, don’t know what you guys are on but that will not make a dent in it, even if you were to take every penny everyone earned for the year it would not do a thing to retire the deficit, the politician will say look new money what can we buy, the only way and I mean only way to fix the deficit is to get spending under control they you can talk about increasing taxes with a definite sunset clause with no renewal, a good example would be social security, with the baby boomers coming up social security should be flush with cash, the politicians say money and could not wait to spend it either on frivolous things or to increase benefits beyond what they should be.

RonK on December 28, 2012 at 7:41 PM

Poor bastard is a low info voter. Shame really.

Mr. Arrogant on December 28, 2012 at 7:41 PM

Why don’t we all just donate our houses to Obama’s donors like Solyndra? Wouldn’t that be more efficient? There’s no law, yet, that says we must be as incompetent as the government.

vityas on December 28, 2012 at 7:43 PM

Unfortunately the people we elect are about as bright as this bulb as well.

NotCoach on December 28, 2012 at 7:44 PM

Fox does manage to sneak in the fact that the $7 million raised so far by this guy’s cause is enough to pay down the debt for … three minutes.

If that’s a victory we’re screwed.

Hey.. of course… this could also be 7 million dollars of new spending. “Hey look.. this guy just raised 7 million of new revenue. What new program could we fund?”

Oh.. but it has to go to the debt. Make the new program and it’ll become part of the national debt.

How long before someone comes along and says this should be law.

JellyToast on December 28, 2012 at 7:52 PM

This guy’s heart is in the right place but obviously he has no ability to decipher context. Good on ya Dude for thinking on solutions when 51% of our population doesn’t have a clue a problem exists.

Bake sales are now against most municipal and federal laws. Can’t go there.

Tangerinesong on December 28, 2012 at 7:52 PM

I volunteer to donate half the EBT balance of every Obama voter towards the debt reduction.

Archivarix on December 28, 2012 at 7:53 PM

No, no more.

Liberals made this mess, so they alone pay.

Take every penny that is held by the Soros, the Kennedys, Harry Reid, Nancy Pelosi, all the libs who voted for Obama, and the ghoulish trolls here.

The libs aren’t getting a penny more from except what I owe in legal taxes.

Liam on December 28, 2012 at 7:54 PM

This guy is clueless. A healthy economy would be a great start.

How about we deduct money from each welfare check, food stamp EBT, and every other type of federal aid for able-bodied and non-elderly people who refuse to work?

Philly on December 28, 2012 at 7:56 PM

Why voluntarily give the money when we know they’re going to confiscate it via tax hikes?

Stupid is as stupid does…..

Cody1991 on December 28, 2012 at 7:58 PM

Sure, let’s give these spending addicted fools more money to spend and believe them when they say they’ll cut later. Like Popeye’s Wimpy, “I’ll gladly pay you Tuesday for a hamburger today”.

iamsaved on December 28, 2012 at 7:59 PM

How about we eradicate socialism instead, Mkay?

wolly4321 on December 28, 2012 at 8:00 PM

SO that’s about 22yrs, and only if we IMMEDIATELY balance the budget. That we haven’t passed in going on 4yrs.

rayra on December 28, 2012 at 8:02 PM

Bless your heart

1. This is a term used by the people of the southern United States particularly near the Gulf of Mexico to express to someone that they are an idiot without saying such harsh words.

sharrukin on December 28, 2012 at 8:03 PM

How about: Stop The Spending

Doesn’t take much time to explain, either.

ajacksonian on December 28, 2012 at 8:09 PM

Let’s pay down the national debt by donating $1 from each paycheck

How about not just NO, but hell NO. Until and unless Congress stops spending more than it currently brings in this is pure Bullshit.

Dianne Feinstein wants to violate the US Constitution. Yea, real shocker…

SWalker on December 28, 2012 at 8:09 PM

I saw this on Fox this morning, and immediately said “WTF…no way!”

Gothguy on December 28, 2012 at 8:11 PM

Morons, especially leftist versions, always create these schemes in a vacuum and never consider the outward flow of effects.

Bishop on December 28, 2012 at 8:11 PM

How about we CLOSE the government for 3 days each week?

GarandFan on December 28, 2012 at 7:40 PM

Oh, I like that idea, or better yet, make it against the law for any government worker to be a full time employe, and who earns more than 65% of prevailing wage per hour. Also, make it illegal for any elected official to receive ANY compensation for their time in office.

SWalker on December 28, 2012 at 8:12 PM

give up one of every ten Obamaphones

Slade73 on December 28, 2012 at 8:13 PM

How about we CLOSE the government for 3 days each week?

GarandFan on December 28, 2012 at 7:40 PM

without pay

Rio Linda Refugee on December 28, 2012 at 8:14 PM

give up one of every ten Obamaphones

Slade73 on December 28, 2012 at 8:13 PM

Deport 11 out of every 10 Obamaphone recipients…

SWalker on December 28, 2012 at 8:15 PM

How about we CLOSE the government for 3 days each week?

GarandFan on December 28, 2012 at 7:40 PM

That would leave our politicians with no days left to actually work.

Bishop on December 28, 2012 at 8:16 PM

Deport 11 out of every 10 Obamaphone recipients…

SWalker on December 28, 2012 at 8:15 PM

…and Peirs Morgan

Slade73 on December 28, 2012 at 8:16 PM

This guy has no idea how big the debt is.

Axion on December 28, 2012 at 8:17 PM

That would leave our politicians with no days left to actually work.

Bishop on December 28, 2012 at 8:16 PM

Yep. Business as usual. At least this way they might have an excuse and avoid some criticism.

Useless bastards.

Cody1991 on December 28, 2012 at 8:19 PM

That would leave our politicians with no days left to actually work.

Bishop on December 28, 2012 at 8:16 PM

downside?

Rio Linda Refugee on December 28, 2012 at 8:22 PM

But the takeaway from this bit is that there are in fact non-painful solutions to the debt crisis out there, with wealthy corporations ready, able, and hopefully willing to shoulder most of the load, and that’s simply not true. Reminds me of Obama’s dumb Buffett Rule in that regard: Neither O nor Soucy claims to have solved the red-ink problem completely, but they do imply that their plans would ease the situation considerably, which is nonsense. There’s no way out of this without entitlement reform and/or tax hikes on the middle class. One way or another, average Americans will sacrifice. Stuff like this does nothing but leave them less prepared for the reckoning.

I don’t think entitlement reform and/or tax hikes on the middle class will do it, either. I think it’s too late to prevent going over the cliff, mainly because the Dems want to since they are banking on it as the way they can finish their fundamental transformation of the country. Whatever entitlement reform they agree to will be woefully insufficient and the additional revenue from tax hikes will just be spent shortly after it’s received.

Besides one year of both will have a definite majority of the public saying, “We were better off with $1.4T deficits.”

Dusty on December 28, 2012 at 8:24 PM

I’m thankful I’m too old to see how this story ends.

crash72 on December 28, 2012 at 8:25 PM

Bless your heart

1. This is a term used by the people of the southern United States particularly near the Gulf of Mexico to express to someone that they are an idiot without saying such harsh words.

sharrukin on December 28, 2012 at 8:03 PM

This was a favorite expression, always, of my dear grandmother, a true Southern Belle from Mississippi who married my crusty, hell-raising Texas grandfather. She used the term quite often as to him and some of his friends but I didn’t fathom its true meaning until she used it a couple of times when the teenage me did some really stupid things. It was a term, as I would learn, that carried deep disapproval.

TXUS on December 28, 2012 at 8:28 PM

Hey, just curious, has this guy sent the $7M he’s raised in to the Treasury, yet?

Dusty on December 28, 2012 at 8:28 PM

I’m thankful I’m too old to see how this story ends.

crash72 on December 28, 2012 at 8:25 PM

It ends like this…

SWalker on December 28, 2012 at 8:29 PM

Or we could have bake sales.

[JellyToast on December 28, 2012 at 7:37 PM]

Go ahead, make our day!
— Your Local Health Department

Dusty on December 28, 2012 at 8:33 PM

This was a favorite expression, always, of my dear grandmother, a true Southern Belle from Mississippi who married my crusty, hell-raising Texas grandfather. She used the term quite often as to him and some of his friends but I didn’t fathom its true meaning until she used it a couple of times when the teenage me did some really stupid things. It was a term, as I would learn, that carried deep disapproval.

TXUS on December 28, 2012 at 8:28 PM

Well this guy’s heart is in the right place but his head hasn’t quite grasped the scale of the problem. It’s actually a problem with a lot of people. They do not realize how out of control the whole thing has gotten.

Amendment X posted this which helps….

http://www.youtube.com/watch?v=Li0no7O9zmE

sharrukin on December 28, 2012 at 8:33 PM

Stupid is as stupid does.

davidk on December 28, 2012 at 8:35 PM

Change the 1040…. put a block on it for paying down the debt instead of a donation to elect another clown.

ultracon on December 28, 2012 at 8:38 PM

Unfortunately the people we elect are about as bright as this bulb as well.

NotCoach on December 28, 2012 at 7:44 PM

…how many of them do you think it will take to screw him in?

KOOLAID2 on December 28, 2012 at 8:39 PM

Nothing matters until the IDIOTS in DC cut spending…

No quarter…

Khun Joe on December 28, 2012 at 8:44 PM

Why doesn’t he donate two dollars so I don’t have to. I have bills to pay…
/s

ray on December 28, 2012 at 8:45 PM

Besides one year of both will have a definite majority of the public saying, “We were better off with $1.4T deficits.”

Dusty on December 28, 2012 at 8:24 PM

Sorry to break this to you but the majority of this country are fiscal morons and that is why we are in the situation we are in

Rio Linda Refugee on December 28, 2012 at 8:46 PM

Morons, especially leftist versions, always create these schemes in a vacuum and never consider the outward flow of effects.

Bishop on December 28, 2012 at 8:11 PM

The same vacuum that will have the unicorn come and cr*p on the money tree to make it grow better.

Really? Seriously? A 10% transaction tax just means prices go up accordingly. No problem there, right.

These suggestions are cute when coming from 8 year olds. Not so with supposed sentient adults.

kim roy on December 28, 2012 at 8:47 PM

I will summon no one on this thread.

SparkPlug on December 28, 2012 at 8:50 PM

[Rio Linda Refugee on December 28, 2012 at 8:46 PM]

Yuh, that’s why I wrote that. We only need one year to get back to where we are now.

Dusty on December 28, 2012 at 8:51 PM

Happy New Year Bungee Jumping

Electrongod on December 28, 2012 at 8:52 PM

I’d expect this nonsense from CNN, not from Fox.

The most ironic part is at the very end he talks about the donation being “tax deductible”. Doesn’t that counteract the alleged deficit reduction?

netster007x on December 28, 2012 at 8:57 PM

… and if everyone just donated their wedding gifts and had yard sales! … ROFLMFAO!

Doesn’t this poor sap realize we already send MUCH more than $1 per paycheck to the government? And that they’re SUPPOSED to be using that money for paying off the debt? Not to mention budget / govern wisely so there is no debt?

Wow, just wow…

Oxymoron on December 28, 2012 at 8:58 PM

This guy is an example of the problem with many people in this country. They have no sense of scale. There is no way for them to comprehend just how much $16 trillion is. On top of that, low info people tend to think things will work out. They look back at history remembering the crushing WWII debt or the Social Security scare of the 80s and think that someone will come along and fix everything and make it right. Things worked out in the past, so of course things will work out now. Unfortunately, that’s probably not the case anymore and these guys are going to be shocked when it comes crashing down.

ReaganWasRight on December 28, 2012 at 9:01 PM

The Fogging Weetodd’s are in charge

Rio Linda Refugee on December 28, 2012 at 9:03 PM

I’d expect this nonsense from CNN, not from Fox.

The most ironic part is at the very end he talks about the donation being “tax deductible”. Doesn’t that counteract the alleged deficit reduction?

netster007x on December 28, 2012 at 8:57 PM

Seriously? Hahahahaha. That’s great.

kim roy on December 28, 2012 at 9:04 PM

Social Security scare of the 80s and think that someone will come along and fix everything and make it right. Things worked out in the past, so of course things will work out now. Unfortunately, that’s probably not the case anymore and these guys are going to be shocked when it comes crashing down.

ReaganWasRight on December 28, 2012 at 9:01 PM

Nothing was worked out in the past, the can was just kicked down the road. The road has come to an end end and the Fogging Weetodd’s are in charge.

Rio Linda Refugee on December 28, 2012 at 9:07 PM

Dude. That is such a good idea.
Hey, gotta go, “Ow My Balls” is on!

Kenosha Kid on December 28, 2012 at 9:08 PM

I think this is silly and counter-productive at this point. He really ought to wait until we can get a handle on the federal governments reckless spending and put controls on them to prevent this from occurring again. That said, I do appreciate what he’s doing and the way he is doing it — individually and voluntarily.

Dusty on December 28, 2012 at 9:08 PM

We are looking at +$100 Trillion dollars in unfunded liabilities and it is growing everyday…

… add to that $16.4 trillion in debt, and interest payments.

Harry Reid hasn’t allowed a budget in over three years in the Senate, the media is blaming the Republicans…

… and Obowma was just re-elected.

Those low informed voters are in for a shock of a life time…

Seven Percent Solution on December 28, 2012 at 9:20 PM

I think this Soucy POS should donate every paycheck and all of his personal wealth to pay off obama’s debt, and shut his effin mouth.

Pork-Chop on December 28, 2012 at 9:22 PM

I have to pay a dollar to kick the can down the road?! No, no, no!

John the Libertarian on December 28, 2012 at 9:29 PM

Now that is funny… and sad, so very, very sad.

rgranger on December 28, 2012 at 9:33 PM

Disillusionment in living video. Sending more money to Washington will only increase the spending. The answer is the less money sent the better for we will be. It will not stop the spending, but we will not be party to it.

savage24 on December 28, 2012 at 10:00 PM

Okay, hear me out. While I feel sorry for this bright man, because he actually believes there is some nice secretary type person actually putting his donations towards the debt? hahahahahahahahahahahahahahahahahahaha!!! Anyway, all that aside for a moment, not a bad idea really. I personally did not create the debt, none of us did, the government created this mess. However; I would be all for donating a dollar, if and only if, the individuals getting medicaid, food stamps, and free lunches begin donating first.

shar61 on December 28, 2012 at 10:15 PM

This guy has a point, the Treasury secretary is only paying the interest on these debts, he is not paying them off aggressively, and they are borrowing more the next day. He wants someone to start paying it back.

He just wants them to pay off the debt and stop accumulating it. The rest of his shtick is a gimmick.

I bet a lot of Americans think that if Obama gets his tax on the wealthy Obama can pay off that debt. Many of them, on hearing that Bill Clinton (a.k.a. Newt Gingrich) had a surplus, think there was no debt from Clinton’s term. They don’t equate the surplus to smart thinking by the republicans in congress or the increase in gdp, or even irrational exuberance . Turns out it WAS irrational.

They do not know the difference between the debt and the deficit or if they are related at all.

Fleuries on December 28, 2012 at 10:15 PM

In the days before the IRS, and the income tax, and deficit spending becoming the norm, we had surpluses, and a strong dollar, and lawmakers who tried well and good to make sure that we did not become like so many European nations, nor nations in our own hemisphere, who changed currencies and governments, and constitutions at times annually.

We could have every American donate $100 a month “to pay down” the debt and it wouldn’t even move a single comma or decimal point anywhere.

It is the spending, and the projected spending, and the borrowing and more borrowing on the part of government to fund so many things that can not be found anywhere in the Constitution and should rightfully be the purview of individual states or even local communities…if they were to be funded at all from any public source.

We have already passed a tipping point, and are facing another, soon, wherein our “dollar” as we know it will be worthless paper and nothing more. We have become Weimar, Greece and Zimbabwe…and are still spending because our President said we can.

Try this at home. See how far that sort of financial management will take you.

One cannot spend one’s way out of debt.

Why this Administration, this Congress, and a lot of previous governments and Congresses thought they could is beyond understanding.

Our children, our grandchildren, deserve better.

Unfortunately, at this rate, they will never ever see what an exceptional America with a thriving economy looks like, and their own kids will live at a lower economic level than they could ever imagine.

The American Dream isn’t.

Not any more.

We pawned it.

For pennies.

coldwarrior on December 28, 2012 at 10:29 PM

NO

It would just encourage and reward the rats and bad decisions.

How crazy is this guy?

If he has kids they’re lost.

Schadenfreude on December 28, 2012 at 10:34 PM

You give the drunks in Congress a dollar and they’ll spend your dollar……and BORROW 50 more cents from foreign interests.

SPENDING……..and the AMERICAN PEOPLE are the problem.

PappyD61 on December 28, 2012 at 10:34 PM

I’ve got a better idea. I call it “economic growth”.

Mark1971 on December 28, 2012 at 7:35 PM

Sorry champ, but that’s not enough. We have to cut spending. There is no way around it. We fix the spending, or the spending fixes us.

DFCtomm on December 28, 2012 at 10:39 PM

You give the drunks in Congress a dollar and they’ll spend your dollar……and BORROW 50 more cents from foreign interests.

SPENDING……..and the AMERICAN PEOPLE are the problem.

PappyD61 on December 28, 2012 at 10:34 PM

The FED is buying the debt, not foreign interests. It’s all an attempt to keep interest rates low, because if we don’t then we’re sunk.

DFCtomm on December 28, 2012 at 11:00 PM

Love it everyone thinks increasing revenue will fix the federal budget [...]

RonK on December 28, 2012 at 7:41 PM

Everyone here is being sarcastic about that.

MrX on December 28, 2012 at 11:02 PM

DFCtomm on December 28, 2012 at 11:00 PM

I’ve lived and worked in countries where one can buy the local currency with dollars but cannot sell the local currency in exchange for any other currency at all.

In closed-currency societies, like the former East Germany, and a lot of Third World countries, the purchasing power of the local currency is pegged by the government at an abnormally high rate, and a black market abounds…and foreign investment is rare, if it exists at all.

This is where we are heading as foreign buyers of US treasuries and bonds are fewer than they were merely a few years ago.

Our own Treasury buying our own debt at the rate they are proceeding (printing worthless paper money, in effect) may keep interest rates down for a while, but the end result will be a worthless dollar and no willingness on the part of other nations or individuals to purchase treasuries or bonds (our debt) at which point we will have developed a closed-currency economy and in order to do business abroad we will have to purchase Euros, or Swiss Francs, or Chinese Remnimbi/Yuan at a loss to offset their costs for selling their currency to us in exchange for worthless paper.

This is not sound fiscal policy.

It is a proven recipe for fiscal disaster.

With Geithner and Bernanke heading up the show, with the willing collusion of the President, we are already long down that road.

coldwarrior on December 28, 2012 at 11:21 PM

This dumb a$$ probably voted for Obama. This is all about making yourself feel good and important.

Vince on December 28, 2012 at 11:28 PM

COMPLETE Blithering IDIOT!!

Oh and LOOK who’s PROMOTING HIM – AP!! – Why am I Not Surprised!!

williamg on December 28, 2012 at 11:39 PM

I feel sorry for the guy. He really does have a good heart and wants to do the right thing. The problem is, the Congress and this President will take his money and spend it too. You could have the money earmarked and they’d find a way to get it into the general treasury.

Once you figure out we have a spending problem, it’s pretty easy to understand we don’t want another dime in Washington until we get control of the spending. I hope, against all hope, that this can be done in 2 years. However, with Pravda and Izvestia it will be extremely difficult to educate the voters as to what the problem is.

bflat879 on December 28, 2012 at 11:55 PM

No freaking clue. Couldn’t buy one if I lent him the dollar.

Bmore on December 29, 2012 at 12:06 AM

Who in the hell is this idiot?

Redford on December 28, 2012 at 7:38 PM

Well said. What a dope this guy is…but then, math is hard and he probably suffers from a high school public education. I think I’ll send him my $2 next month and ask for him to invest it in a night school class in 8th grade algebra.

Jaibones on December 29, 2012 at 12:08 AM

I didn’t run it up. Why should I pay it down?

CurtZHP on December 28, 2012 at 7:39 PM

Double-plus good! Couldn’t agree more, but that’s usually the way fraud works isn’t it now? Just look at the Madoff victims-left holding the bag just like the American taxpayer at large.

Confiscate the salaries of every member of congress that ever voted for any spending bill. Let them pay for it.

Wouldn’t scratch the surface. Have the IRS investigate ALL of their finances and those of their pals, including these phony social action and political action groups…of BOTH parties…little more than laundering fronts. The IRS sucks, but if given the task, they will go after anyone they’re ordered to-and do it effectively.

But, they use their positions to write the laws and to protect themselves. The perfect scam.

Dr. ZhivBlago on December 29, 2012 at 12:19 AM

Change the 1040…. put a block on it for paying down the debt instead of a donation to elect another clown.

ultracon on December 28, 2012 at 8:38 PM

I still won’t check it.

davidk on December 29, 2012 at 12:41 AM

Or Congress could simply stop spending money, but then they’d have to stop making swamp gas.

Oh. Wait…

locomotivebreath1901 on December 29, 2012 at 1:06 AM

Simpleton.

UltimateBob on December 29, 2012 at 1:25 AM

No! Cut spending how bout?

hawkdriver on December 29, 2012 at 2:13 AM

I like that part about how he will tell you exactly how to make out your check so that it goes toward debt reduction. Assuming that his actually happens, which is ridiculous on it’s face, can you imagine how our spending addicted politicians would react? They can’t wait to spend $2 for every $1 anyone sends them.

Dollayo on December 29, 2012 at 2:13 AM

Hey, let’s donate $2 from each paycheck!

See, MY idea is TWICE as GOOD!

Marcola on December 29, 2012 at 2:47 AM

IDGET !!!

gajaw999 on December 29, 2012 at 5:35 AM

Well, first off 12 trillion – 300 million =/= 0

Second off, I’d be okay with some big extra taxes to pay down the debt if we were actually given some sort of assurances that spending would not exceed revenue in the future.

Frankly, higher debt might keep the government spending somewhat down. If we just bailed the government out then there is no incentive to be responsible. So… I’m not giving the government money unless they actually balance the budget. Since they’re still talking about exceeding revenue I see no reason to throw good money after bad.

Karmashock on December 29, 2012 at 6:01 AM

Ask every big time athlete/celebrity who has ever gone broke if spending or income was the problem. Michael Jackson was pretty much broke when he died. Think he ever had a “revenue problem”? Why do liberals refuse to admit they know this to be the truth?

The Notorious G.O.P on December 29, 2012 at 6:34 AM

Cut off the parasites and cut the federal government by 25%…plain and simple. No amount of taxation will balance the budget much less pay down the debt.

cajunpatriot on December 29, 2012 at 7:30 AM

The problem is on the spending side. Really! And much of the spending is pure waste, crony-ism, graft, and kickbacks.

John F Kennedy started the graft ball rolling in 1962 when he wrote the executive order allowing federal government unions.

Dasher on December 29, 2012 at 8:43 AM

Math is hard.

So is common sense and logic.

This guy has had his 15 minutes… next!

Hill60 on December 29, 2012 at 9:39 AM

There’s no way out of this without entitlement reform and/or tax hikes on the middle class. One way or another, average Americans will sacrifice.

True, although the Fiscal Cliff combo of tax hikes on the middle class and large cuts to defense and discretionary domestic spending would also get us out of this mess, it brings us back to sustainable and healthy deficit levels within 10 years.

vegconservative on December 29, 2012 at 10:47 AM

Or…. Congress could actually make a BUDGET and THEN we could worry about how we’re going to pay down the debt. Not one American, no matter how filthy rich, should be asked to pay another thin dime until this regime gets off its collective hiney and does its JOB.

Murf76 on December 29, 2012 at 11:59 AM

This reminds me of the ignorant idea that gets floated into my e mail box occasionally to pay $1 million each to everyone over 50, as long as they quit their job, pay off their mortgage and buy an American car. The mathematically-challenged author is too stupid to figure out that it would cost $40 trillion to implement.

Math is so hard for the well-meaning low-information folks.

MrKleenexMuscles on December 29, 2012 at 12:27 PM

If one of my grandchildren had a lemonade stand and made a profit, he or she would gladly give a dollar for a good cause. All of my grandchildren including the four year old would recognize that this idea is idiotic.

burt on December 29, 2012 at 2:15 PM

A buck really? Uh, because Obama is spending $1000 in debt per paycheck and there are 4 million fewer paychecks?

This is the problem with low information voters…

Not just stupid… dangerously ignorant.

DANEgerus on December 29, 2012 at 3:38 PM

All we need is 16.4 trillion people to give $1. What’s the problem?

munseym on December 29, 2012 at 3:41 PM

How about we sell Congress? We could use them as plugs in broken dikes, speed bumps to slow traffic, tie a rope on their legs and pull them through sewer pipes. At least we could get some use out of them, unlike what they do now.

stormridercx4 on December 29, 2012 at 6:08 PM

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