So Mr. Bernanke is tellin' congress to take on the deficit. I'm going to ignore the unavoidable comment because the fact is we're in this mess and this is what we have to deal with. Now. Government spending seems to be the focus of the public and I'm quite pleased Mr. Bernanke is now telling congress to look for ways to bring this under control. And that last quote brings up the fun part. What is our plan of action? USA Today has some thoughts: None of these look fun. I have to say that raising taxes in a nation with 10% unemployment is foolish when those that do have jobs aren't making as much money. Rising taxes would certainly hurt people and the government could bring in less than if taxes remains the same or were lowered. The Bush Tax Cuts is certainly the most interesting number and the most obvious solution. That certainly will not go over well. And I think you need to be careful if you're going to reverse that cut entirely or look for different ways to raise taxes on the rich. The rich can move and the poor/middle class cannot. We saw this in Maryland when not only did they raise the top income tax rate, but they got even less money than before. Why? The rich bailed. Probably moved to Virginia... If we do this on a national scale expect a boom in Swiss banking. People need to get to work and raising the gasoline tax is the absolute worst thing you could do. Not only will you drain people out of whatever precious money they have, you'll hurt their ability to save and buy the more expensive green technologies. And lastly there are whispers of the VAT tax coming to America! Needless to say I'm completely against a VAT. I can't imagine buying a new car and not only paying Texas' 8% sales, but a federal one too? I think I won't be the only one saying, screw new cars I'll buy used. What do you want to bet that if the VAT is on the table, that Detroit will lobby for exemptions on car sales. A simple answer to all this would be to cut military spending. But where? I'm posting this graphic again because it's relevant to the thread. This helps me see what the military spends its money on. For starters I would create a checklist for Iraq and Afghanistan. Have goals and have heads roll if they're not completed by so and so date. Not literally chop people's heads off but I would be very strict about bringing these two theaters to a close. I'd also stop paying for Israel and Egypt.