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Posted: 5/10/2024 3:50:44 PM EDT
You can't prove me wrong. You can't post a credible plan to pay off the national debt.
Our economy is based on debt consumption and it won't stop until it collapses, so everyone kicks the can. How's your 401K doing this month? |
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Posted: 5/10/2024 3:57:48 PM EDT
[#1]
I dont know , but I would like to see those fucks put half as much energy into it as they do the gay / handout bullshit .
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Posted: 5/10/2024 3:58:44 PM EDT
[#2]
Oh there's a variety of ways.
But most of them entail measures too horrifying for the average corn syrup fed voter to even begin to comprehend. |
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USA
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Posted: 5/10/2024 3:59:32 PM EDT
[#3]
We just need to pull ourselves up by our collective bootstraps and ban avocado toast.
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Posted: 5/10/2024 3:59:40 PM EDT
[#4]
Quote HistoryOriginally Posted By Hesperus: Oh there's a variety of ways. But most of them entail measures too horrifying for the average corn syrup fed voter to even begin to comprehend. It's possible but nobody would go for it = impossible. |
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USA
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Posted: 5/10/2024 3:59:47 PM EDT
[#5]
Elect me King and I'll do it in less than a generation.
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Posted: 5/10/2024 4:00:14 PM EDT
[#6]
Quote HistoryOriginally Posted By Torf: Elect me King and I'll do it in less than a generation. Impossible to elect a king. |
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USA
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Posted: 5/10/2024 4:01:22 PM EDT
[#7]
Quote HistoryOriginally Posted By iwouldntknow: It's possible but nobody would go for it = impossible. Quote HistoryOriginally Posted By iwouldntknow: Originally Posted By Hesperus: Oh there's a variety of ways. But most of them entail measures too horrifying for the average corn syrup fed voter to even begin to comprehend. It's possible but nobody would go for it = impossible. Possible but nobody would go for it = inertia |
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KY, USA
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Posted: 5/10/2024 4:01:47 PM EDT
[#8]
Why pay it off? Just need to get it to a reasonable percentage of GDP. It is not rocket surgery.
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USA
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Posted: 5/10/2024 4:01:54 PM EDT
[#9]
Quote HistoryOriginally Posted By iwouldntknow: Impossible to elect a king. Quote HistoryOriginally Posted By iwouldntknow: Originally Posted By Torf: Elect me King and I'll do it in less than a generation. Impossible to elect a king. |
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Posted: 5/10/2024 4:02:12 PM EDT
[#10]
If you simply freeze spending at current levels for a few years, the deficit problem would go down dramatically. The goal isn't to pay off the debt, the goal is ultimately to create an economy strong enough that the debt isn't an issue.
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Posted: 5/10/2024 4:02:15 PM EDT
[#11]
No. Not if we work really hard.
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Posted: 5/10/2024 4:02:21 PM EDT
[#12]
Who cares? Money is just a construct to keep all of us regulars in line. It really is nothing at all to the Big Club.
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NE, USA
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Posted: 5/10/2024 4:02:42 PM EDT
[#13]
The government is simply a way for power-hungry people to grab hold of short-term personal gain at the expense of our nation and our future. I don't think anything can change until there's some kind of reform that makes it impossible for politicians and government employees to pilfer the system.
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KY, USA
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Posted: 5/10/2024 4:02:54 PM EDT
[#14]
Quote HistoryOriginally Posted By iwouldntknow: Impossible to elect a king. Kings have been elected before, but in the US, we can't elect a king. |
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CO, USA
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Posted: 5/10/2024 4:03:00 PM EDT
[#15]
Outside of destroying those that we own? No. And they have no intentions on paying it back.
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MI, USA
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Posted: 5/10/2024 4:04:56 PM EDT
[#16]
Americans love Democrats social programs and Republicans tax cuts.
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Posted: 5/10/2024 4:05:03 PM EDT
[#17]
Quote HistoryOriginally Posted By Torf: Impossible = not possible Possible but nobody would go for it = inertia Exactly! There are ways of overcoming inertia. |
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FL, USA
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Posted: 5/10/2024 4:08:34 PM EDT
[#18]
Quote HistoryOriginally Posted By iwouldntknow: Impossible to elect a king. King Haakon VII of Norway says otherwise. https://en.m.wikipedia.org/wiki/Haakon_VII |
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Posted: 5/10/2024 4:10:24 PM EDT
[#19]
Don't you remember nothin? The Dems said all we need to do is to mint some 1 Trillion coins. Problem solved.
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Posted: 5/10/2024 4:12:02 PM EDT
[#20]
Quote HistoryOriginally Posted By Torf: You don't vote for kings? 
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Posted: 5/10/2024 4:13:24 PM EDT
[#21]
People underestimate how strong fundamentally our economy really is.
Look how they tried to break it during Covid. Pelosi and Co knew the only way to bring Trump down was to work with Fauci and the "experts", crash the economy by shutting it down and trying their hardest to try and keep it shut down. And they still couldnt do it half as bad as they wanted to. Become energy independent, make stuff here and buy it. Bust the unions, secure the border, cut the waste and fraud, and let the welfare state fend for themselves or get off their asses. Make politicians work and balance the budget or else. Reduce govt staff by 25%. Strengthen our court system to jail the criminal and corrupt and it may be accomplished over time. |
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Posted: 5/10/2024 4:13:25 PM EDT
[#22]
Sell the biden crime family to China, it'd be a start.
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TN, USA
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Posted: 5/10/2024 4:14:54 PM EDT
[#23]
Pffft.
That’s a problem for Joe Biden and Janet Yellen to worry about. Bring me more bread and circuses |
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Posted: 5/10/2024 4:15:44 PM EDT
[#24]
Quote HistoryOriginally Posted By 2ANut: The government is simply a way for power-hungry people to grab hold of short-term personal gain at the expense of our nation and our future. I don't think anything can change until there's some kind of reform that makes it impossible for politicians and government employees to pilfer the system. But no way in fucking hell would the current club membership allow that to happen. That reminds me, what was that index fund that mirrors the outstanding investing prowess of Mr. and Mrs. Nancy Pelosi again? |
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Posted: 5/10/2024 4:16:10 PM EDT
[#25]
Welcome to Weimerica
Hyperinflation here we come |
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IA, USA
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Posted: 5/10/2024 4:17:05 PM EDT
[#26]
The last time it was paid off was around 1840.
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KY, USA
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Posted: 5/10/2024 4:17:11 PM EDT
[#27]
Quote HistoryOriginally Posted By -Kyuss-: Sell the biden crime family to China, it'd be a start. A negative price would be required to accomplish that. Which would increase the debt. |
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Posted: 5/10/2024 4:18:15 PM EDT
[#28]
Simple
No more spending overseas except military. 10 yr set budget, locked in and no increases in spending. Five year lifetime limit for welfare, eliminate SDI/SSDI for anyone under 40yrs old. welfare no longer funded by the government, funding is provided by states and they set their own rules. No federal money for immigrants. No more federal college loans or grants to colleges. Only fed college assistance goes to military only. |
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Posted: 5/10/2024 4:18:40 PM EDT
[#29]
I have a plan, but the federal government doesn't want to pay off the debt. They want to continue spending more than they take in. Money is to a politician what heroin is to a junkie.
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Posted: 5/10/2024 4:19:16 PM EDT
[#30]
I don’t think anyone in government cares anymore. They just keep spending because they know they won’t have to personally deal with the consequences. We need to start holding people entrusted with our tax dollars accountable. It won’t stop until people start going to jail for misusing our tax dollars.
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Posted: 5/10/2024 4:23:29 PM EDT
[#31]
Completely impossible.
We’re simply along for the ride to see if this empire is too big to fail. |
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KY, USA
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Posted: 5/10/2024 4:23:55 PM EDT
[Last Edit: grendelbane]
[#32]
That reminds me, what was that index fund that mirrors the outstanding investing prowess of Mr. and Mrs. Nancy Pelosi again NANC, not that it has performed that well. The data they use is stale by the time they get it. |
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Posted: 5/10/2024 4:25:40 PM EDT
[#33]
Sell some National Parks?
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Posted: 5/10/2024 4:26:42 PM EDT
[#34]
That’s what inflation is for- paying off yesterdays’ debts with “todays” dollars
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NC, USA
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Posted: 5/10/2024 4:27:14 PM EDT
[#35]
and what would be the point anyway ? |
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NC, USA
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Posted: 5/10/2024 4:27:38 PM EDT
[#36]
it never will but I have to admit, the thoughts around the numbers themselves are astonishing, and morbid. I always do the dollar to seconds conversion b/c it's fun and depressing.
What if if you could pay off one dollar per second and not take on any new debt or interest? It would take 1,077,400 years. People don't easily fathom how much anything over a million is. 1 million seconds = 11.5 days 1 billion seconds = 31 years 1 trillion seconds = 31,600 years |
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Posted: 5/10/2024 4:34:36 PM EDT
[#37]
It’s not really hard. Freeze spending to 2019 levels as a start. Mandate 1% budget cuts per year for the next 5 years then hold it there. In ~20 years assuming tax revenue increases with the rate of inflation, the debt is paid off. Sooner if you increase tax revenue a bit.
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Posted: 5/10/2024 4:35:48 PM EDT
[#38]
There is no such thing as national debt
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Posted: 5/10/2024 4:35:57 PM EDT
[#39]
Quote HistoryOriginally Posted By MFP_4073: and what would be the point anyway ? At this point? For some kind of smugness about balanced budgets or something like that. |
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Posted: 5/10/2024 4:37:35 PM EDT
[#40]
The national debt is the easy part, the hard part is the key step of not running deficits.
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FL, USA
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Posted: 5/10/2024 4:41:39 PM EDT
[#41]
just sell all our national parks, national forests, blm lands and all other gov property to cHINA.
That should cover a billion. |
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Posted: 5/10/2024 4:45:19 PM EDT
[Last Edit: uncle_big_green]
[#42]
Quote HistoryOriginally Posted By ArmyInfantryVet: Americans love Democrats social programs and Republicans tax cuts. Raising taxes is not a necessary ingredient in the recipe. |
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Posted: 5/10/2024 4:50:39 PM EDT
[#43]
Sure it could be paid off in 20 years or so, but it would be painful.
Freeze spending, cut all the fluff ( mil cost plus contracts ), cut staffing aka get rid of the useless gov employees, raise taxes a little, and stop neg tax returns. Yes taxes suck but I bet most would be willing to pay an extra 1-2% if they knew it was actually paying down the debt. |
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Posted: 5/10/2024 4:53:48 PM EDT
[#44]
I think OP should have said "inconceivable" because that would have resulted in more laughs
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Posted: 5/10/2024 4:55:23 PM EDT
[#45]
You don't need to pay it off, just deal with the continued deficits and inflation/growth takes care of the rest.
U.S. Debt in 1980 = 970 billion. U.S. Receipts in 2023 = 4.6 trillion. If we had just kept a balanced budget from 1980 to today, the deficit would be an insignificant footnote. We could do the same thing today if we just stop adding to the debt. |
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Posted: 5/10/2024 4:56:41 PM EDT
[#46]
All hotels and airbnb increase tax by 5%
Domestic plane travel increase tax by 5% All tire and oil disposal increase $1 Vending machine snacks increase by .5 Gas station Convince store merchandise increase by 3% Women menstrual care increase by $1 Turnpike increase $2 Restaurant soda increase $1 White bread increase $1 using food stamp? Increase by $2 Lotto increase by $1 Cookies at grocery store increase by $1 using food stamp? Increase by $2 What else? |
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Posted: 5/10/2024 4:58:37 PM EDT
[#47]
Print a 87 trillion dollar bill
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UT, USA
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Posted: 5/10/2024 4:58:39 PM EDT
[#48]
just make more money, duh.
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MP, USA
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Posted: 5/10/2024 4:58:58 PM EDT
[#49]
Taxes are not the answer. Congress spending is the problem.
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Posted: 5/10/2024 5:00:00 PM EDT
[#50]
Dems will enact " Deficit Reduction " , weasel word doublespeak for a tax increase . If it passes they spend the extra money on programs .
R's will cut taxes and Rinos/ dems make sure there is always a deficit . A losing zero sum game , pols really don't care . |
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