This program can eliminate the deficits of hundreds of billions of dollars run up each year by conservatives and will allow us to begin paying down the debt, retiring that held by foreign nations first. Realistic calculations are that an average of $1 billion surplus annually would allow us to get out of the debt brought on by one Reagan and two Bushes in only 10,000 years.
The Honest Deal is to reduce the size and scope of government needs gradually, allowing people, markets, programs, etc. time to evolve without devastating shock. Paul's nonsense of an abrupt ending to everything he dislikes invites disaster.
These proposals are only directed at the long-term financial concerns of the nation and not to the severe recession now engulfing the world even though tax-free income at the bottom would free up billions of dollars that would spur economic growth and possibly eliminate the borrowing of hundreds of billions of dollars to be used as an "economic stimulus" that is a priority of the new Barack Obama administration. But the profit-tax system should be ready to replace George Bush's tax policies of enriching the aristocracy when those policies expire. How the program will address other problems is a matter for article three of this series.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).