THE NATIONAL DEBT & MORE.

President Barack Obama will reveal his new plan to cut the national debt by about "$3 trillion over the next decade."

That would be the greatest idea that ever happened in American modern history, since the national debt has risen and continued to rise, each and every single year. It would be nothing less than a miracle; if not something more.

According to reliable reports he will include the "Buffett Rule" that will enable the wealthy to pay their fair share in taxes.

The idea is being taxed from the advise of investor Warren Buffett, who has always insisted that high-income individual earners must pay more to help the country's unending and unbalanced fiscal situation. It is an issue that must be disturbing to every person in the nation.

His secretary pays 29% in taxes, from $60,000 a year salary, while he pays 17% out of the $45 million dollars that he makes on the average in any given year. That goes to show a great deal of imbalance in the nation's tax system, and therefore there is a need for reform to straighten it out.

The Democrats in the United States Congress have insisted that the rich must pay as much taxes as they could afford, to defray the national debt, rather than cutting Social Security, Medicare, Medicaid and other so called entitlement programs, which catered to the old and the needy.

While Congressional Republicans have maintained that raising taxes on the more affluent citizens was an anathema, as it did not encourage capital investments; and it also did not help, particularly, the present sluggish economy.

In their view, the idea of making the well-to-do Americans to pay more in taxes diminished job creation efforts; hence, the high unemployment rate of 9.1%, which the nation was currently experiencing.

The Republicans wanted Social Security, Medicare, Medicaid and other entitlement programs to be cut more instead; however, that would seem as if they were protecting millionaires interests and not those of the electorate, who, on the aggregate, were poor.

Their alternative to close the deficit gap, and thus to reduce or even to get rid of the national debt is unsustainable, especially when they like to make the Bush tax breaks for the wealthy permanent.

They also would want to keep open the tax loopholes that benefited high income earners and corporations only, and which Obama would like to eliminate.

If those measures are to be ruled out in any tax reforms, then it will be the Middle Class and working people, who will be saddled with the staggering problem of fighting the country's debt crisis.

If the actions and plans of a few Republicans in Congress do not give the ordinary person a glimpse of a present day "class warfare", then nothing will. In other words, if there happens to be any such war between the rich and the poor, it is being advocated by those few Republicans.

The president must demonstrate, as he has always maintained, that the reduction, and the possible elimination of the nation's fiscal problems, should be borne by all Americans; and that the brunt of those problems must be shared equally.

They (problems) must be the concern of citizens, rich and poor alike. Most will agree with the president on that score.