How do you lower the deficit?

You forgot one thing.

Abolish the Federal Reserve. They give Congress unlimited funds to create the debt and make the taxpayer pay the bill. They also create artificial inflation through their use of rate policy, which transfers the wealth of the citizens to the Reserve banks. Not to mention we are paying interest on the debt that is unconstitutional. The government is supposed to create the currency so there would be NO interest. Do you charge yourself interest when you spend money?

How many of you have gone to your boss and demanded a raise to pay off your debt? What was his/her response? Now go ask your neighbor for their wages to help pay off your debt. It DOESN"T WORK! The only way to pay off your debt is to spend less than your current income.

I will attempt to address these one by one.

a) We cannot stop ALL spending. What we need is a reevaluation of what we are spending our money on. President Bush gave us a tax cut during a time of war where we are spending BILLIONS of dollars per month , you cannot increase outflow of cash while decreasing cash revenue. It cannot be done.

b) High paying jobs sound great, but how would you do that? If you force businesses to pay more they will make less money. The need for jobs here so people can afford to take part in the economy. We need to stop hemhorraging manufacturing jobs overseas. If we cannot produce the things we use on a daily basis, we may not be ENERGY dependant on other nations, but we will for everything else.

c) Higher interest rates may help banks, but the higher interest rates would feed the mortgage crisis.

d) one cannot FORCE people to do something they should be doing anyway. People in America have the problem of needing it all and needing it now. (we cant all have a house on "cribs" folks!)

Unfortunately the only way to lower debt is to increase income to a level higher than the level of spending (that means raising taxes folks)

Obama will do more or less what McCain would do. Print money like a maniac and create one program after another. They will give good money after bad to prop up failing banks and failing companies.

The American people will demand the government "do something" so they can spend like crazy again. Pay their mortgage. Forgive their student loans. Anything to allow them to go back to buying junk in bulk quantities at shopping malls.

Perhaps instead of spending $6 million on airtime Obama should have donated to the cause of bringing our deficit down. I know it's a drop in the bucket, but put you money where your mouth is.

You must cap spending and balance the budget. Then you must encourage growth in the private sector to spur additional revenue from taxes. Obama does not plan to cap spending. He is not planning to balance the budget and in fact is calling for a dramatic increase in spending. He is planning to raise taxes, both individual and capital gains which will not spur growth in the private sector. Obama is a pretty typical tax and spend liberal, but unfortunately many people just cannot seem to grasp this basic fact. I guess some people must be taught by experience.

No he won't. Plus by raising taxes he will likely reduce the government tax revenues which will make paying down the debt that much harder..

you're somewhat right and no taxes do not need to be raised...i would only disagree about higher paying jobs...that also increases inflation and sends more jobs out of the country but simply more jobs

Make marijuana legal-you can regulate where it grows, then tax the hell out of it and sell it like cigs.

Unfortunately logical thought gets in the way of this idea

Balance the budget so that you have a surplus. Use surplus to pay off the debt. Use surplus to pay into social security to make it sufficient again.

And how have things worked out for you in regard to jobs and spending over the past 8 years?

It aint the dems that are doing the spending and tossing the jobs overseas