I am glad you are young enough to look at long term solutions. We need guys like you to pay the $60 trillion unfunded liability represented by SS and Medicare. SS goes belly up in 2017 and Medicare around 2013. In 1950 we had 16 workers for every retiree. We now have 3.3 workers and by 2030 it will be two to one. We are headed for a major financial train wreck without this crisis. Congress has been spending beyond its means for many years. The chickens are coming home to roost and it is people like you and my daughter who will pay the real price. Good luck.
If this $700 billion is needed, right now, to avert Depression II, then it's certainly appropriate to enact a tax increase, right now, to pay for it - instead of putting the burden on our kids and grandkids.