Balance The Federal Governments Budget

The government should be required to live within the amount of revenue they are willing to tax for, not the amount they are willing to borrow against future earnings of our children. Spending should be cut and a freeze put on any new spending and cost of living increases. Taxes should be increased by 2% a year across the board with a reduction in EIC of 10% per year. Means testing for Medicare and Social Security.
The Fed should be prevented from printing more than 2% over growth, of new money.
Salaries of elected and apponted officials should be decreased by 10% a year until the the budget is balanced. All their benefits should be ended. Live on the same benefits as regular Americans.
Failure to resolve our budget deficits could destroy this Republic. Stop trying to run. Fix this now!!!