How to Balance the Budget in "2" Easy Steps

The CBO is projecting a deficit of 640 billion dollars for 2013.  The Government is supposed to spend 3.5 Trillion in 2013.  If the Government spends 10% less that saves 350 Billion.  Meanwhile US Consumers spent 11 Trillion Dollars on Goods and Services in 2011.  If a National Sales Tax of 3% was enacted and Consumer Spending was the same in 2013 that would generate 330 Billion in Revenue for the Government.

Thus add 350 Billion (10% Reduction in Federal Spending) + 330 Billion (National Sales Tax) equals 680 Billion so that gives you a balanced budget for 2013 with a 40 Billion Dollar Surplus.  Yep it's that simple.  Reduce Government Spending in 2013 by 10% and implement a National Sales Tax of 3% would Balance the Budget for 2013 if the CBO Numbers are correct.  Thus all Federal and Social Security Taxes could remain as they were in 2012.

For all of the Congressman who read this blog it's really that simple.  You are making things much harder than they really have to be.