The federal government must contend with the following problems: deficits of about $500 billion per year; a debt ceiling limit that will be reached in December; and no actual budget – just a continuing resolution.  The Democrats want to solve these problems by raising taxes on the rich, as if to exterminate them.  They also want no budget cuts. This will not help the economy, so what should the Republicans propose?  I suggest that the Republicans use the only weapon that they have.  If they do nothing about the debt ceiling, then the government will be forced to balance the budget.  Democrats will erroneously claim that they will have to shut down the government.  In actuality, they need only limit government spending to what comes in.  This would mean spending 85% as much as the continuing resolution allows.  The Democrats would threaten to cut from the 15% that the Americans need...(Read Full Post)