The national debt is likely to balloon under tax policies championed by three of the four major Republican candidates for president, according to an independent analysis of tax and spending proposals so far offered by the candidates. The lone exception is Texas Rep. Ron Paul, who would pair a big reduction in tax rates with even bigger cuts in government services, slicing about $2 trillion from future borrowing. http://www.washingtonpost.com/busin.../02/22/gIQAzAJvUR_story.html?wpisrc=dailypaul
Yes, but he can't impose it by edict. Congress will never agree to cuts of that magnitude. For that matter, congress will never agree to any real cuts. The democrats accused the republicans of trying to deprive children of Big Bird when they proposed cuts to the coproration for Public Broadcasting a few years back. Of course, the republicans immediately folded. Can you even imagine the rioting if they tried to eliminate the Department of Education? The democrats will not agree to any cuts at all. They look forward to a greek-style crisis in a few years, which they plan to exploit to vastly increase taxes. Republican know it, so they will (hopefully) steadfastly refuse any and all tax increases.
Impartial Analysis Finds Only Ron Paul Would Cut US Debt Burden That's it. That's all that matters. The rest is noise. http://www.zerohedge.com/news/impartial-analysis-finds-only-ron-paul-would-cut-us-debt-burden