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Letters: Balancing budget actually easy Posted: Wednesday, August 10, 2011 1:30 am I don’t see what the problem is with balancing the budget. Currently the federal government collects income and other taxes that cover about 60 percent of the money it spends. Depending on who you believe, Congress either rolls the printing presses or borrows money to pay for the other 40 percent of the money it spends. All Congress has to do to balance the budget is to raise taxes by 66 percent and it will collect enough taxes so Uncle Sam can pay [fore] his pork without borrowing or printing any money. Pretty simple! Every year just tax Americans for the full amount of money Congress spends. It ain’t rocket science, just simple math any 8th grader should be able to do. On the other hand, that might not be so wise for our Congressmen and Senators. I suspect if they suddenly jacked up taxes by 66 percent, Washington would be full of angry American citizens armed with pitchforks and torches who want to string these elected officials up from the nearest street light. On the other hand maybe it would be a GREAT idea. |