How To Balance The National Budget In Five Years

Democrats are in complete denial about the fiscal health of our nation. They think they can keep spending money like water without having any negative consequences. Unfortunately, Republicans are almost as bad. Besides a few new Congressmen, most believe fiscal responsibility and "reducing the deficit" are good issues to help their party win big in the next election, and they want to do the minimum amount of cutting possible. Neither party is accepting the real gravity of our fiscal situation.

We do have some isolated instances of difference. For example, Rand Paul has a detailed plan to balance the budget in five years.
http://tinyurl.com/4am36no

While Obama intends to continue spending at a historically high level, Paul would reduce spending as a share of the economy. Paul takes the scalpel to all areas of federal spending, including discretionary, defense, and mandatory. However, it is not a radical plan. In fact, it’s a practical, common sense budget that recognizes that the federal government’s growth has become unsustainable, and thus a threat to our economic well-being and future living standards.

You can find Paul's full budget proposal online:
http://campaignforliberty.com/materials/RandBudget.pdf

If either of the two major parties really wants to solve this problem, this looks like a good way to get there.