[JohnR]

Yes, there will need to be s o m e tax increases but it can't be done entirely on the backs of the middle class. Most important is that most of the savings are done from cuts, not new taxes.

At 10 years old, my kid owns 47,000 of deficit liability. How much will it be at twenty? Are we THAT irresponsible as a nation?

We have five ways out of the mess:

1. Tax the peees out of everyone
2. Cut the peees out of everything
3. Increase revenue through job creation / expanding the real economy
4. A balance of the above three
5. Default: in which case meet our new Goram overlords (geek reference)