US Budget Deficit

There are lot of news and action going on how to contain US budget deficit. How to stop Social Security from getting solvent in next 5-10-15 or whatever number of years..

Based on our traditional knowledge of basic business, there are only two ways.. Either you cut expenses or increase revenue. Everyone understands and almost no one likes cuts.. These kind of cuts could be delayed benefits and/or cuts to rich and ultra rich people.

However, increase in revenue though not simple but definitely achievable.. One is increase tax revenue.. couple of models proposed like reducing or eliminating tax benefits on Mortgage interest.This alone is suppose to generate 300 Billion USD more every year. and can be substantial to cover lot of entitlement expenses. However, given housing market condition this is unlikely to fly. Though it seems to be very good solution..

But all these things are penny as compared to revenue and growth which were generated during dot com boom. Don't we remember how much surplus we were during dot com boom time. Well, one thing we need to make sure that we don't elect somebody who can blow all the money in tax rebates and fighting some useless wars.

In any case, why the hell we don't work on some thing like that and try to fill US treasury coffers. Why don't we think about creating some other boom.. say in biotech.. may be make it target that by 2020 you can get brand new kidney for say 10K or Heart for 30K or lungs for 25K. or something else.. create some kind of Organ boom..  or whatever Bio-Tech could do. or some other boom like space travel race.. or say that by 2030 we should have colony on MARS.

We should spend our energy in creating these kind of growth booms rather than think how we can cut penny here and there.