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In Ronald Reagan's first year in office, the federal outlays were $670 billion, this year it will be $3.65 trillion, and next year $3.9 trillion, or more than 200% greater than the rate of inflation. Something has to give as the debt climbs past $17.0 trillion.

What's the answer? If you have any better solutions, please leave a comment.

Cut defense and entitlement evenly
Cut entitlement spending only
Cut defense spending only
Raise taxes even more

Read the article and let us know what you think.

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Brent from California writes:
I'm completely broke in California. I would like to place my nomination for Charles Payne for President of the United States or better yet Governer of California. Hey Charles.... please take charge and fix this mess out here. ...more
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