Guy's notice how the debt increased during wars. Also, remember Carter decreased the debt, but he paid back on it with inflated dollars. So the only way to decrease the debt is pay it back with inflated dollars, increase taxes drastically, or decrease spending drastically. Taking every penny of every dollar earned by millionaires and billionaires it would only dent the debt by about 10%. So, drastic cuts or high inflation. When we reach $20 trillion in debt, we can only pay the interest on the debt. Obama has suggested allowing an additional 3.5% inflation to help, but it is already running higher than they say, because food and fuel are not included. This is stupid because everyone has to travel and eat, but not everyone is buying a home every month. Including food and fuel, it is running 10-12% already. So, if he gets reelected, look for high inflation. Ron Paul wants to drastically cut the deficit by cutting $1 trillion out of spending, which would balance the budget. He is more right, because we would not have inflation and we could pull our own income up from that.
