Cutting Military Programs

      As we know our country is suffering from a massive debt that we must somehow overcome. Considering that our biggest disposal of money goes into war, it would only make sense that we start saving more. Even though I personally think saving money from going into the use of war is a good idea, it could potentially raise our taxes. However, would we being willing to take that risk? Stated in the NewYork Times,

Taken together, the reports are likely to intensify pressure to reduce Pentagon spending and cancel troubled weapons programs as part of a broad effort to reduce federal budget.

But the proposals, which would cut back on expensive planes like the F-35 fighter and the V-22 Osprey, represent only the start of what could be a long debate. And it is already clear that many of the suggestions will be hotly disputed in Congress.

 Risking machinery like planes could be the start of a good plan, but it really depends on if Congress would agree to it. There would be a five-year Pentagon spending placed in the military department. This would ultimately stop all spending for five-years, which would actually save us a lot of money. Now whether congress is willing to agree is entirely up to them.

Medicating Children

Would allowing mild "drugs" given to children, be considered a safe option for curing complex illnesses? Just i personal opinion, it really depends on the type of illness needed to be treated and the drug used.

Cutting Down Our Deficits

  In the past, the late 1990s was never a time when federal governments ran big surpluses. It was not something we as a country would worry about. As stated in the New York Times,

As late as 1998, the Congressional Budget Office was predicting a deficit for 1999. In fact, Washington ran its biggest surplus in five decades.

Previous republican presidents in the past have tried to resolve the debt problem by raising taxes in 1980. It was expected that the increased tax rate should be able to give us more money to pay off the deficits, however it proved to be inaccurate. 

Today’s looming deficits are almost surely too large to be closed exclusively with growth. The baby boom generation is too big, and the rise in Medicare costs continues to be too steep. Yet growth could still make an enormous difference. 

There are two ways to go about this issue. One of them being not engaging each other in a over using deficit plans by raising and spending money quickly. Second reason being we should actually think about spending more in the future. The plan was to use a one year pay roll tax. The big question is, could this possibly work? I believe it is worth a shot, and I recommend saving back more money.