You're obviously more knowledgeable in economics than I am, but I have a question regarding spending. If one's spending the same amount and taxing less I would think the GDP growth rate situation would be much different than if they're spending more and taxing less, and government spending in the U.S HAS been increasing. Of course, you might be right that taxes must increase, but I wouldn't say that spending is not a problem or at least the amount. One of the things that has been causing this is that the government keeps messing with the debt ceiling. This enables the government to keep borrowing and borrowing without taxation, and hence our growth rate is low, because the dollar is devalued. So I don't think one solution: decrease spending or increase taxes is the solution. The real solution is to limit the government's ability to enable itself without accommodating for this with tax increase by borrowing printed money.
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