From: XxDarkCrueltyxX | #009
The upper echelon is taxed higher percentage wise, but the problem is really military spending and entitlements. If we could cut them both by 50 percent, which is really not unreasonable, we would wipe out the national debt over night.
No, we wouldn't.
However, we might be able to get rid of the deficit and thus cut the debt in the long term.
Of course, the US Government will never get rid of its debt under this system, because if the US had no debt then there would be no control of the money supply. Whether that should be the case is debatable, but there will always be government debt to some degree.
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"nah, it's not my team if I drop pitchers for merely being horrible" -War13104