You want a balanced budget? Tax rates should be at the level they were at when President Eisenhower was in office. People paid their fair share of taxes. Reinstate the Glass-Steagal Act. Reduce defense spending. We don't need new tanks and aircraft every year. Our current levels invite fraud, waste, and abuse. The United States spends more on defense than the next 26 countries, and 25 of them are our allies. End subsidies to oil companies and corporations that earn millions and billions in profits. Rewrite the tax code and have it make common sense. That is how you balance the budget and reduce the deficit.