On Paper the Solution is Simple!

  
According to the S&P, the reason they downgraded the US from AAA TO AA+ was due to the following ratio:

Debt/GNP (where GNP is Gross National Product shown in the graph below)

Notice the drop in GNP since Obama took office around 2008!

They say that they want it to be less than or equal to 73%.

Now let's look at how the US debt is changing over time, especially since Obama took office:

The next day after the debt limit was raised by Obama, the government immediately (in ONE DAY!) borrowed more than 100% of our GNP.

NO WONDER THE S&P DOWNGRADED THE US RATING!

Now what is the solution?  How can we get the Debt/GNP ratio lower?

Mathematically the answer is very simple.  You can either decrease the debt, increase the GNP or do both.

With the economy the way it is and businesses hurting financially and laying people off, it is difficult to increase the GNP.

The only solution is to decrease the amount of debt.  But how do you do that?

Here again, mathematically the answer is simple.  You can increase your intake, decrease your spending, or do both.

The Democrats' solution is to increase our intake.  This is done by raising taxes.  However that hurts businesses who produce jobs and create the wealth that increases the GNP.  If you increase taxes you are basically having a negative impact on the GNP, which is the opposite of what we are trying to do (see above).  If you could somehow extract new taxes from the people in a fair and equitable way, it might help the problem.  For example there are some very rich people who "claim" that they would be more than happy to pay higher taxes.  I say, "What is stopping you?"

Other's like Bill O'Reilly on Fox News have proposed a more equitable tax code.  That is something I would suggest as well.  Maybe a flat tax rate of 10% to 20%, for example.

The other solution and the one that is supported by the Tea Party is to cut expenses.  That is another solution that I support.  Get rid of the fat government, excessive pensions, the waste, the fraud, the free cell phones, and Obamacare.  Remember, retired people don't need more money after they retire than they did when they were working!!!