Best way to reduce the debt and balance the budget

Here is a very simple solution to our budget and national debt problem. This is what the Democrats have proposed now for three years and counting.

If we let the Bush Tax Cuts expire Dec 2012 and increase 4.5 point income tax over 1 million dollars and tax capital gains over 1 million dollars at 30% alternative minimum tax.

Why we went from a surplus under Clinton to a huge debt under Bush.

If deregulation of the financial sector had not occurred with all administrations starting with Ronald Reagan that allowed these poisoned derivatives that sunk the housing market, no Bush tax cuts, no war in Iraq and no lingering for a decade war in Afghanistan, we would NOT have the economic disaster and high debt we have today.

So who was it that created this mess?  I only see a very small light blue line for the recovery measures Pres. Obama had to take to stop the total collapse of the world financial markets. So the Republicans lie when they blame Obama for causing this huge debt with out of control spending. What spending???  Look who actually had out of control spending.The only big error he made was extending the Bush tax cuts for the wealthy.

SOLUTION: Let the Bush tax cuts expire at the end of 2012. Yes we all have an increase in taxes to the Clinton period, but guess what, we had a balanced budget and started to pay down the debt.

If we had stayed on course, the national debt would have been paid off by now, assuming Bush did not start the war in Iraq and we got in and out of Afghanistan to capture or kill Osama and his terrorists organization.