ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Arriving at a balanced budget and a AAA rating

Updated on August 10, 2013

Returning to a AAA Rating

Our debt is growing more than 4 billion dollars every day. That is approx. 1.5 trillion a year. In order to reduce the debt we need to cut it by more than what it is growing. We need to cut it by at least 2 trillion a year. That is 1/2 trillion more than it is growing. That isn't much in the big scheme of things. At least if we do that it will start coming down but with all the Baby Boomers going on Social Security, that won't be enough over the next few years. We also need tough cuts in spending. we need to cut at least 5% per year in the budget to make a noticeable difference. We should start by not giving money to other countries that are using it for controversial things such as money going to China to study prostitution. We should cut all funding to communist nations where the money would not be used for the benefit of the people. We need to correct the corruptness in our Welfare system. We need to stop all funding in our own country for ridiculous studies like finding out the sex of a fly. Do we really need to spend millions of dollars on this, especially when we are going in the direction of bankruptcy? There are many areas that can be cut but we need to make the cuts and then continue the reductions until we have a balanced budget. The savings should be applied toward the debt reduction. We will have the debt reduced by 4 trillion in 10 years and the spending will be under control with a balanced budget. I have stated before that we are going to be down graded and we were. We can protect ourselves from further downgrade and get back our AAA rating if we act responsibly now and in the future. It is going to be hard for all Americans, it will be harder for our government. They are not used to cutting and not being able to spend. By being down graded it will over time prove to be the best thing for our country. It will make our government more responsible in the future. I said the debt ceiling should not be raised under any circumstances or the cuts will not happen but it was raised and now we were downgraded. The Obama administration already wants to increase spending. They are asking Congress to approve funds to loan to contractors to fix bridges and roads. Raising the debt ceiling says we have more to spend so spend they will. This thought process is not the path to prosperity. We need to make the necessary cuts in the spending budget now and apply the savings to the debt. One more point, as the debt decreases and the spending cuts are made then we should lower the debt ceiling to control the government from spending to that level again. For every 1/2 trillion that the debt is lowered, we should lower the ceiling to that level. Within 40 years the debt will be paid off but within the next 5 to 10 years we will be seeing a significant change in our debt balance, and spending. We can get our triple a rating back in a few years. Just be responsible and stick with the plan.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)