The CEO of Bank of America says we should address the national debt now, while we're still in "fairly good times."

Increasing corporate taxes and limiting deductions could be beneficial. Additionally, implementing a consumption tax might also help address economic issues.

Even if we cut the military by 10%, it will remain several times larger and stronger than our closest competitor.

Agreed. It’s time to start taxing individuals like him more effectively.

I observed that he didn’t offer any suggestions. Given his background as a high-powered banker, you’d expect he might have some ideas. It’s easy to make speeches and demand “YOU MUST DO SOMETHING” when you’re not the one responsible for actually taking action.

I completely agree with this, but if the approach involves austerity instead of (ahem) increasing revenues, then I’m not on board.