Simpson:"Tax increases are necessary"

[Sam Spade]

I never had any problem with getting rid of the Bush tax cuts.  But keep in mind that the US has never, during its history, collected more than 20% of GDP in revenue.

Moreover, in order to avert fiscal catastrophe in the next couple of years (3-5 max), you're going to have to cut at least 1/3rd of the present-day budget (ignoring the usual yearly increases), probably closer to 1/2 and this is basically going to require dismantling Medicare and Medicaid in present form, and remaking Social Security, not to mention getting rid of this silly new health care law for something that actually makes fiscal sense.

No, and this doesn't mean the Ryan nonsense, which simply tries to transfer Medicaid costs onto the states, much like Obamacare does also.