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@FreeTalkLive:
I would agree that Federal Spending should VASTLY reduce. About 50-60% I think would be about right. All federal entitlement programs should end and the federal government should really only be concerned with international, security issues, inter-state disputes, among a few select other things. However, In the current state of society I doubt that will happen. People have realized they can vote to give themselves things.

The FairTax is another thread topic. I think it could be the first step to reforming our broken government spending though.