I'd like to send this parcel to  http://petardas.in.net/ videos petardas  Great points but we better get busy and soon. Simpson/Bowles was to accumulate $4 Trillion in tax and budget cuts over ten years. Since the plan was introduced in 2010 we have added at least $2 trillion in debt to the equation. There is a rational for closing all the loopholes. Then no one income class has an advantage. David Walker is concerned that we will need charitable organizations as the Federal Government will shrink due to cuts in spending. Perhaps we will need to be self reliant with contributing aid without the government involvement. Charity deduction other that education and health are over $40 Billion annually.