@Fasces - I heard 25%, but still that doesn't refute your argument.
I say a flat income tax of 30-40% is needed, and will include everything except education funds and 401k's. The income tax would start with people earning, say $30,000 a year. If you earn $31,000 a year, you pay $400 in taxes or 1.2% of your income. If you make $100,000 a year, you pay $28,000 in taxes - or 28% of your income. The rate and where you set the "bar" are arbitrary and mine was an example, not a solution.
@Steephie - why don't you get that if Greece goes down in debt it will have a domino affect and push other troubled economies over the edge? Its time for everyone, Americans included, to tighten their belts, suffer the losses for a decade or so, and make the necessary government and societal reforms so that this will never happen again