The National Debt (USA)

[F1-Insanity]

We could simply unilaterally cancel our national debt and tell creditors to come and contest it on a battlefield. One where we won't fight Harvard/Yale style 'limited war' stuff (McNamara/Rumsfeld).

[Gelgisith]

We could simply unilaterally cancel our national debt and tell creditors to come and contest it on a battlefield. One where we won't fight Harvard/Yale style 'limited war' stuff (McNamara/Rumsfeld).

That would work, were it not that most of the US debt isn't to foreign creditors.

[Funk4ever]

Stop spending money on the military for two weeks.

[Californian Mod Haters]

How would you solve the national debt?

Sell off a couple of states. Perhaps Mexico would be interested in Arizona, New Mexico, and/or Texas, and perhaps Canada would like Washington, Montana, North Dakota, Minnesota, Wisconsin, Michigan, and/or Maine...

Not sure anyone would want that to happen.

[NotnotgnimmiJymmiJ]

We could simply unilaterally cancel our national debt and tell creditors to come and contest it on a battlefield. One where we won't fight Harvard/Yale style 'limited war' stuff (McNamara/Rumsfeld).

That would work, were it not that most of the US debt isn't to foreign creditors.

yay, excel, yay!



source: http://www.fms.treas.gov/bulletin/b2009_3ofs.doc March 2009

[Rolling squid]

How would you solve the national debt?

Sell off a couple of states. Perhaps Mexico would be interested in Arizona, New Mexico, and/or Texas, and perhaps Canada would like Washington, Montana, North Dakota, Minnesota, Wisconsin, Michigan, and/or Maine...

Not sure anyone would want that to happen.

We could afford to lose Texas and Utah. Actually, I think the question is if we can afford not to lose them.

[Soviet socialists cuba]

Have every senator enter a chinese gameshow

[Martaz]

-cut Foreign Aid....Why USA should help everyone?
-cut Welfare State.....move your ass and get a job..there is not free lunch
-Get ride of Medicare and medicaid and every dumb socialist program
-Privatize all school

win

[Californian Mod Haters]

Oh God not him again.

-cut Foreign Aid....Why USA should help everyone?

Because they need it.

-cut Welfare State.....move your ass and get a job..there is not a free lunch

What if their job sucks or they can't have one? Leave them and their families to starve to death?

-Get ride of Medicare and medicaid and every dumb socialist program

Socialist? The Republicans voted for them when it was being voted on.

-Privatize all schools

We're not going back to being a nation of uneducated priks and children working 14 hours a day for a few cents.

Now can we ban this guy?

[Martaz]

Because they need it.

aid decrease the incentive to produce more and get rich

what they need is more FREE MARKET...they are poor because lack economics freedom

What if their job sucks or they can't have one? Leave them and their families to starve to death?

Why should you coerce me to help someone i don't know with TAX??? If you want some help someone use YOUR MONEY get off the hands from MY PICKPOCKET

religious organization and FREE people will help them(charity)

Capitalism don't let anyone to death starving. Communism does

We're not going back to being a nation of uneducated priks and children working 14 hours a day for a few cents.

Private school= MORE COMPETITION = HIGH STANDARD

FREE MARKET>>>>GOVERNMENT INSTITUTION

Now can we ban this guy?

yeah right ban everyone who don't sing the socialistic mantra "DON'T WORK,THE BIG GOVERNMENT AND THE HARDWORKER REPUBLICAN WILL HELP ME"

[Lunatic Goofballs]

How would you solve the national debt?

I'd roll back tax rates to pre-1980 levels, slash military spending and eliminate unnecessary and redundant federal agencies like the CIA and NSA. I don't see why we need two foreign intelligence agencies with no domestic charter. Time to combine them.

In addition, I would eliminate the ability for lobbyists to effectively operate in Washington by representing themselves as anything other than an individual citizen with an individual opinion rather than a representative of an entire corporation of thousands of employees each with voices and opinions of their own. I'd increase and decrease the effective powers of numerous federal agencies. For example, I'd reduce the FCC in power to simply monitoring bandwidth and not content. On the other hand, I'd increase the power of the Department of Education to apply federal educational standards. Nowadays, education is an interstate product. Finally, If this isn't enough, I think it might be time to consider a federal sales tax. Obviously many products would have little or no tax, products like food and electricity until they exceed certain amounts. More high end goods like cars can have different tax rates depending on their total price. Overall, it's not that complex to transform sales tax from regressive to progressive if done right.

[NotnotgnimmiJymmiJ]

How would you solve the national debt?

I'd roll back tax rates to pre-1980 levels, slash military spending and eliminate unnecessary and redundant federal agencies like the CIA and NSA. I don't see why we need two foreign intelligence agencies with no domestic charter. Time to combine them.

My understanding is that the CIA does all the cool stuff like spying and torturing and the NSA is just the governments IT department.

[The White Doe]

Now for my opinion:

I'd first cut almost all spending to the military. After that I'd set up a simplified tax code summed up by the following:

There'd be a base income tax of 5% with 5% more per every $100,000 you've got until you reached $900,000. You'd also be taxed 1% more for every $1,000,000,000 you have until you reach $5,000,000,000. Corporate taxes would work under the same system as well since corporations are legal persons. Sales taxes would be raised to 40%. The saving tax would be eliminated. Business taxes would be 5%. All taxes would be handled by the IRS.

How do you like my idea?

forty percent sales tax, jesus H. christ thats high

[Lunatic Goofballs]

How would you solve the national debt?

I'd roll back tax rates to pre-1980 levels, slash military spending and eliminate unnecessary and redundant federal agencies like the CIA and NSA. I don't see why we need two foreign intelligence agencies with no domestic charter. Time to combine them.

My understanding is that the CIA does all the cool stuff like spying and torturing and the NSA is just the governments IT department.

Perfect. Maybe the CIA will actually be able to get something right or keep accurate records.

[Non Aligned States]

-cut Foreign Aid....Why USA should help everyone?

Because the US wants access to those lovely little markets and cheap ass stuff that the less developed world makes for them. Foreign aid greases palms.

-cut Welfare State.....move your ass and get a job..there is not free lunch

Right! Lets cut all subsidies to farms and corporate bailouts. They take the lions share of the money, so cutting them out should help everyone right?

Oh wait. You meant for the working populace? The same populace who generates wealth, and not the subsidy dependent farms? And here I thought you had the national debt in mind.

-Get ride of Medicare and medicaid and every dumb socialist program
-Privatize all school

win

Fail. Because your recommendations only serve to destroy the middle class by deliberately sabotaging the infrastructure that creates them. The middle class which any country depends on the generate wealth by the way. Having mega corporations with nothing but poverty level citizenry doesn't generate wealth, it simply accumulates what wealth there is in the hands of the few.

In short, this is the sort of recommendation we should expect from a pirate.

[Lord Tothe]

Scrap the Federal Reserve System, end the fiat dollar, return to specie currency, and screw the other nations and international banks who own "our" debt - they can have the congresscritters and the fed board members to do with as they please. I didn't ask for any of this debt, and I sure as hell refuse to be saddled with the consequences.

[Bormanico]

I would more or less replace the entire U.S. Government, turn it into a Communist nation, pull out all military assets from Afganistan, I would make all round tax cuts, I would start building jobs and I would lower the minum Wage to like $2 per hour. I would more or less, kill off most of the Government, Move most military units into reserve, and lower the GDP/c

Tax cuts and lower min wage... How is this communism?

[Maurepas]

I would more or less replace the entire U.S. Government, turn it into a Communist nation, pull out all military assets from Afganistan, I would make all round tax cuts, I would start building jobs and I would lower the minum Wage to like $2 per hour. I would more or less, kill off most of the Government, Move most military units into reserve, and lower the GDP/c

Tax cuts and lower min wage... How is this communism?

Before being able to gauge that, you might consider defining "communism",

[Soratsin]

I would more or less replace the entire U.S. Government, turn it into a Communist nation, pull out all military assets from Afganistan, I would make all round tax cuts, I would start building jobs and I would lower the minum Wage to like $2 per hour. I would more or less, kill off most of the Government, Move most military units into reserve, and lower the GDP/c

Tax cuts and lower min wage... How is this communism?

Before being able to gauge that, you might consider defining "communism",

Even if you were to define communism by it's most basic traits, a classless state with no government, lowering the minimum wage would hardly be making the society less class-based, it would make the poor poorer and the rich richer....

[Bormanico]

I would more or less replace the entire U.S. Government, turn it into a Communist nation, pull out all military assets from Afganistan, I would make all round tax cuts, I would start building jobs and I would lower the minum Wage to like $2 per hour. I would more or less, kill off most of the Government, Move most military units into reserve, and lower the GDP/c

Tax cuts and lower min wage... How is this communism?

Before being able to gauge that, you might consider defining "communism",

I'm going by the pratictal definition (economic intervention, planned economy, ownership of the means of production) , not so much the "utopic" definition (ie, abolishment of class). If you were to implement a communist regime, how would you support the public sector? Even more how would you achieve this AND still get taxes lower?

Also, if you go by the utopic definition there wouldn't be distiction of classes so, lowering the min. wage would make little sense.

[Jubu Jubu Jabu]

Tax other nations that we protect/feed/be awesome near/roll with/get all-star athletes from/are bigger than, land-wise/feel like?

[Erich Dahmer]

I'd increase taxes significantly on the wealthy who can afford such a hike and raise taxes slightly for everyone except the poorest and drastically cut discretionary spending. If up to me, I'd repeal Medicare part D and raise the retirement age for Social Security from 65 to 75 and any surpluses made would be used to pay down the national debt.

[F1-Insanity]

We could simply unilaterally cancel our national debt and tell creditors to come and contest it on a battlefield. One where we won't fight Harvard/Yale style 'limited war' stuff (McNamara/Rumsfeld).

That would work, were it not that most of the US debt isn't to foreign creditors.

yay, excel, yay!



source: http://www.fms.treas.gov/bulletin/b2009_3ofs.doc March 2009

29% that would be a start

[Kurdazistan]

Cut pay to Congress, cut welfare, cut financial assistance to other countries, cut everything.

This is the single most important issue facing every single government official. If the government actually put forth effort, we could easily completely wipe out our debt in 5 years.

[Barringtonia]

Devalue the $ against the Yuan by 20%.