Quote:Foreign aid as a percentage of the budget is miniscule. If you want to balance the budget do three things:

 

First you cut the military budget in half, get rid of boondoggles like the F35 and its ilk. Stop having federal contractors do work that soldiers can do for themselves.

 

Second you fix Medicare part D, allow it to negotiate bulk pricing for pharmaceuticals. Right now medicare part D, thanks to the way republicans wrote the bill, is corporate welfare for pharmaceutical companies who get paid retail prices for their drugs by medicare instead of a wholesale negotiated rate like every other health insurance company or program on the planet.

 

Third you raise taxes on the wealthy and get rid of the capital gains classification of income.

 

In a country with a 17 trillion dollar GDP there's no reason for historically low government spending to be running up a debt.

 

As for the debtors part, do you realize that the majority of federal debt is actually debt between government programs? There isn't some thug loan shark that will come calling for their money. China's share of the national debt (the country that constantly gets trotted out as our debt holder) is a small fraction of it.