We can't balance the budget on the rich, either. Even if we were to take every dime from rich people, it wouldn't fund government for a single year. So, obviously we're going to need to make some adjustments elsewhere. Here's a bold idea: allow all the Bush tax cuts to expire, as well as the President's payroll tax cut. Then, start working on fundamental tax reform that would simplify the code while ensuring it remains progressive. Lastly, cut all spending by 1% each year until the budget is balanced. I don't think it would be all that difficult to balance the budget, if only Republicans and Democrats were willing to come together and compromise.