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In Ronald Reagan's first year in office, the federal outlays were $670 billion, this year it will be $3.65 trillion, and next year $3.9 trillion, or more than 200% greater than the rate of inflation. Something has to give as the debt climbs past $17.0 trillion.

What's the answer? If you have any better solutions, please leave a comment.

Cut defense and entitlement evenly
Cut entitlement spending only
Cut defense spending only
Raise taxes even more

Read the article and let us know what you think.

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Charles Payne's Market Commentary
Chickens of the Sea
4/21/2014 - Last Friday, I hurried into the eatery on the ground floor of Fox News, and saw a long line in front of the food area where you place your order. I knew right away that there was a problem. I grabbed a yogurt and a couple bottles of water, and headed to the register. I asked if the main grill guy was out, but the scene ahead answered that. I have watched this short-order chef work magic on the grill morning after morning, not only serving up great hot grub, but also moving food items around... MORE

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Recent commentary from Charles
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All Steel Must Pass Through Fire
When the markets get rough, itís important to realize that everything is getting tossed around. A dip in the market does not mean that cars will stop being sold, that bridges will stop needing vital repairs, and that brewers will stop filling aluminum cans with beer and soda. The global fundamentals Read more.

Observations of a concerned public

Jeff in Missouri writes
Hi Charles
Your the only one keeping me from jumping off a cliff!

I'm watching you on Fox (as I always do) and your keeping your cool so well. You look like there isn't a problem in the world.

Been buying on your dip recommendations and yet it still goes down over the last several ...more

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