Can't pay it off.  Average people (hell, even those above average intelligence can't really comprehend 10s of TRILLIONS of dollars).

Those is power are cashing out now, just like other failing states throughout history.  

I think people are forgetting about inflation and how beneficial to the gov it is.
Imagine if you owed trillions and had the ability to print money until those trillions were discounted by  50% or more. Oh then the wages (and taxes) all go up.

87% of government spending is complete grift and waste. Cut 50% of fed government spending overnight and virtually nothing meaningful would change.

The gov could pay off the debt 87 different ways. They want you to believe it's impossible, and some of you bought into it. LOL.

Inflation reduces the debt since taxes rise with inflation but the principal owing doesn't.

All we need is a few more years of 10% inflation and the spending party in DC can go on for another generation

Hope you're not already poor - you soon will be

You are wrong to assume that paying it off or down was ever part of the plan.

I am not any more delusional than thinking the national debt will be under 33 trillion ever again.  I want the people who put us in this position to pay, now look at FNP net worth though...over 100 million.  A few of these assholes might pay off the interest for a year though.  

It is going to take slashing the Gov.  The FBI, EPA, Dept of Education, and a bunch of others could be 90% gutted or completely wiped out.  The rest probably cut by 50% with a few remaining at 75%.  You are going to have to totally revamp SSI and SS (plan to phase it out - only fair that everyone will get bent over somehow on this).  SSI only available to the people really in need: extreme downs syndrome, completely paralyzed and the like.  Maybe have companies with specific jobs for people that are functioning less than "normal."  The only budget that might remain is the DoD but there will be extreme measures to insure we don't spend extravagant money on BS.  We are going to have to bring manufacturing back to this country to employ all these extra people, probably should start with essential medications and computer chips and go from there.  The products produced here will be more $$$ than what we are used to and could be an inferior product in the first few years, we will have to get over it.  

This is "just the tip" of what would have to be done.

On top of that they need to put that law in place that every 5 years if a law isn't valid it is removed.  Then every new law from now on is consist of one page/topic in plain english and not some lawyer shit.  I want to the average Joe to understand EXACTLY what the bill will do and not have to become a legal scholar at the same time.  If they create a law that directly violates the US Constitution they will be removed from office and never hold a federal Gov job again, no pension regardless of time they served.  They also will be under the same laws they make, no special health plan for them.  They need to fix the healthcare clusterfuck, this medical billing BS and hospitals charging different rates depending on insurance is horse shit.  All the illegals will have to go back, give them 5 months to leave and apply to the US legally.  If they don't leave and caught they are booted out to NEVER be able to set foot in the US again for any reason (unless they committed a crime and they get a televised death penalty).  Also no more "anchor babies."  You are going to have prisoners making shit again, prison shouldn't be a place you get to camp out and watch TV all the time in the A/C.  The catch and release program for criminals will be over, you do the crime you do the time.  Welfare will be limited to 2 years straight and a max of 7 years over your entire life.  I understand helping people get back on their feet but they need to have some motivation to get off of it sooner than later.

About taking taxes, either flat tax or no automatic payroll deductions.  You will make your tax payment the week before the general election.  The federal budget will also be posted a week before the election and you will be able to see the programs and cost that each of your congress critters voted for or didn't.  

No more big pots of money for campaign contributions, spend more than that and you are taken off the ballot.  You can have a nest egg of 300k, spend it how you want.  I want more options than the current loosers backed by Soros and crew.  If you can't make it beyond this point why would I want you to have infinite amount of money to do business with and then have control of a budget that doesn't.  

The only thing I think we need to do that will come out of my paycheck in taxes is bring back the mental institutions.  It would save me more in the long run and preserve my freedoms instead of Karen's scared to death of their own shadows.  The other thing might be to eliminate the FDA, CDC and other organizations to take money from the same people they are regulating.  Probably save us more in healthcare cost alone by the shit the FDA has authorized crap to be in our food and water supplies.

...and as a bonus they need to NUKE all the scammer sites......just to make sure.

@Jarcese

Fractional reserve banking was zeroed out in March 2020. The FDIC insures up to $250,000 per depositor, per FDIC-insured bank, per ownership category. It is a moot point if the Fed collapses. No money means no money. In the Great Depression, 9,000 banks failed and over $7 Billion in deposits evaporated. A repeat depression would be far more catastrophic. A global collapse would be beyond the imagination. Back then banks didn't have nearly enough gold to remain solvent. There was no FDIC until 1934. Everyone was SOL one way or the other. Today it would be different. The govt. holds over 8134 tons of gold in reserve. Russia holds 2332 tons, China has 2264 tons. Germany, Italy, and France hold more than Russia and China. All told there isn't a Trillion dollars worth of gold in the whole world. The global economy is way too large to ever go back to the gold standard. You could not even float the price of gold. No government would give up their gold to save the world. In a scramble to survive, the have-not countries would cease to exist. To state there would be a NWO is an understatement.

I'm no economist but I can't see how to recover except for governments and banks to write off a huge amount of debt. Even then chaos will reign for decades. People being people, will look for easy roads to take and fail. FDR took some solutions that worked and others that made things worse.

In reality, there is no foolproof economic system. Look back in history as far as you like, every system has an Achilles heel. The USSR is a model to study in catastrophic stupidity. From the day the USSR was founded, it was a ticking time bomb. Monkeys could have managed their economy better. Thirty years later, they still haven't learned crap. If the war continues, the corruption will make it happen again. The word is out,  Russia and China are bad investments.

https://www.madisontrust.com/information-center/visualizations/which-world-countries-have-the-most-gold/

I want the people who put us in this position to pay, now look at FNP net worth though...over 100 million.  A few of these assholes might pay off the interest for a year though.  

I'm not so sure you grasp how things work. Look in a mirror. We the people are the problem. Govt. does what we want it to do (mostly) or lets them get away with. Yes, the government does a lot they really don't have constitutional authority to do but we the people want them to do it so they do. 55% of the budget goes to entitlements that are not authorized in the Constitution. It takes one heck of a stretch to justify them when the 10th A specifically gives that power to the states and the people. We all know the 10th A exists, we just want the Federal govt. to do it.

Campaign money has nothing to do with govt spending. People give money as they wish. The govt. may want to get their hands but that is a different discussion. You should be aware the money goes into the economy, don't you? That is capitalism at its finest. The one thing we should not tolerate is the govt. choosing winners and losers.

TPNI

1.  Stop borrowing

2.  Cut every agency’s budget by 10%, and apply that as a direct payment against the debt

You don't have the votes. I'm right.

You could nuke every agency but Social Security and CMS and you might break even. Might.

There is no resolution until we address the elephant in the room and austerity arrives. The big problem is all that spending is into the economy, which means we see a depression. Rather than take our medicine in 208, we doubled down. Now we are going into sepsis.

If we cut spending 10%, we still have to create / borrow money.

2023 federal spending was 6.2 Trillion.

We "borrowed" 1.7 Trillion to do it.

The spending would have to be cut 27%  to not "borrow" money.

It isn't going to happen.

We are riding this train to the massive global financial collapse.

The US economy is simply too being and complex for central planners like yourself to be able to say austerity would result in a depression. Since people would have saved more money, we'd probably go into a new golden age. Remember, it was only because the government interfered that the Great Depression lasted until they could goad Japan into attacking our ships so they could enforce multicultural globohomo around the world.

Correct.

To fix things relatively quickly, we just have to go after social security, and all gov spending with the same zeal that they went for COVID and stealing elections.

Alternatively, we could unravel it, about as quickly and easily (80ish years) as the Socialist bullshit was unrolled and allowed to creep in. On that sort of timetable, even just a balanced budget, basically renders the debt meaningless (minimum of 200+ % inflation)

I believe I stated that in my original post.

We can do it easily. Freeze spending and let inflation take care of it.

I vote for the person I think is the best option usually out of the two bad choices, doesn't mean they do what I think is the best for this country.  Do you understand the money it takes to get elected to a national office?



I want more people to have the option to run, I want better candidates.  Until you sell your soul to the devil and make deals before you take office the odds of winning are low.

Half the problems with this country is they don't look behind the mirror.  I would love for everyone to be in a decent house and not be living pay check to pay check.  I would love for there to be no crime either.  The fact is neither of these are reality, just like some of the bills like paying off student loans these (usually) kids have no clue the recourse but the D's are buying votes paying with my tax dollars.  If this was put on a budget that 13% of your federal taxes went to pay for the bullshit there would be more outrage.  Just like if this was done most likely more people would see how much paying into FICA taxes their entire lives won't pay out in the long run and get pennies on the dollar.  The fact the bastards elected now are on a pedestal by being able to collect bribe money, doing insider trading, and have the best healthcare for life with the odds of anything happening to them even if caught is really slim is a HUGE problem.  It takes so much money to win anyone with morals can't compete.  

You need to reach the lowest common denominator for us to succeed in the long run, otherwise we will be screwed....just like we are today

ETA...



Then you have the rules


Please tell me none of these has ever been abused.  I mean I guess when Mom's Demand Action gets donations from the other parties your cool with it.  


Let me know when she is shit canned from congress but yet TrUmP_bAd is all she can say.

I agree, there has to be a plan to get rid of it.  I just don't agree with just cutting the cord and be done with it, needs to be a plan that doesn't totally screw one generation but every generation gets bent over a barrel.  I do agree the sooner we are beyond it the better.

no they cant

that is a myth. people believe it because their fixed rate mortgage works like that

the problem is none of the debt is ever paid off

all of the debt is refinanced when it comes due, so it would be refinanced at higher interest rates due to inflation  with ever increasing rates, service fees ( interest paid ) and the refinanced again and again

there is no way out of this except collapse of the economy and the currency.

we are currently  borrowing money to service the current debt. we borrow money to borrow money

We will eventually force a nuke into Northern China to get 15-20T in debt forgiveness.   Otherwise we will end up domicileing Apple,  Tesla and other valuable products to China in exchange for debt forgiveness.   These are most likely scenarios.

I have an idea.

We keep printing more money and get an even more badass military.

We invade all the other countries and take all their physical assets, impress them into service for the American Empire, then go to the next country.

Then use the stolen war money to pay off the debt.

OP btfo

Starting to believe not one single forthcoming president will shutter even just a numerical majority of federal agencies and their respective contracts (for both clauses of convenience or default, doesn't matter). These fucks will just print more money or raise taxes more. Get ready for a rough ride, amigos.

The fastest/easiest way would be to mint a series of one trillion dollar coins.

I thought that every dollar created by the federal reserve was loaned to the government with interest. Meaning every single dollar that needs to be paid back actually costs $1.0x or whatever, meaning that more money would have to be created/borrowed in order to pay for the previous dollar.

That would mean it's actually impossible to pay it all back. I don't think that's the goal.

I think I remember reading somewhere that the federal reserve shoots for a certain amount of inflation, something like 3-4%

If I understand this all wrong, I wouldn't be surprised. I'm a poor but I'm trying to get better.

if we just destroy the countries we owe money to, we dont have to pay them back

make nuclear weapons great again

Yeah I mean that's even easier. A shame we don't get to impress Indians back into a colony for us though.

And we could have renamed South Korea "Samsung" since that's more honest.

But to your point Mexico is a crater

Brother, I no longer agree with handing the keys to Ferraris over to retards. Until these fuck-head administrators, including Austin, Lloyd, Commandant E. Smith are dealt with administratively... Just no.

Edit:  wrong thread

In three easy steps:

1) Cut all government agencies by 10%, cut IRS and DOJ by 50%,  actually eliminate several of them (like Dept. of energy & education) -

2) Require all three branches of .gov (Executive, Judicial and Legislative) to cut their individual budgets by 50%.

3) eliminate all welfare to illegal aliens and deport the ones that are here now.

No no, we're going to form some sort of temporary military based government.

Where each level elects the next highest level in an up front (not secret ballot).

Then this junta (warlord system) basically will hunt down all the beaurocrats because they're in the way of THE REPUBLIC

Basically both with the warlord system, and after people should be frightened to serve at a high level.

Inflation created by the unconstitutional federal reserve printing worthless fiat, leading to depression and hyperinflation?

We owe most of the money to ourselves. US btfo.

Won't happen = impossible. Whiskers btfo

How will you accomplish this plan before deflationary hyperinflation?

I have not figured that part out yet.

My secondary plan is to nuke everyone including us so that the debt becomes meaningless

It's possible simply by locking the federal budget and stopping it from growing.  With inflation and growth of gdp it will eventually become a surplus. But programs will have to be cut or capped as well including social security and medicare.  Which means rationing and no more cola

I welcome the coming hyperinflation wherein I pay off my house with a 1/10th ounce of silver.

I posted this before and I will post it again.  The politicians know the end game is nearing for our current system.  They are stealing as much as possible while they still can.  We are in the full on looting of the Treasury stage.  

The scumbag politicians are looting the last of the food and the booze at the Titanic buffet before they saunter on over to the lifeboats for which only they and their wealthy donors have a reservation.

You nailed it.

I need to dump my glass stocks, will be plenty of it around the world when all the sandy areas get it.....

Friendly reminder the Federal Reserve is privately held. So there are a couple families and shareholders who are getting paid off the national debt.

Basically you work to provide, are taxed at force so the government can give your money to other elites who legit own the debt on our nation. The further in debt we get the more interest payments they get.

They should be shot in the street and money brought back under the US Treasury

I wonder why my stamps take so long to get approved it can't be because I anti government post every day

Just reminded me to watch Threads on Shudder this week

Paying off the debt would require significant austerity measures that last for a decade or more, putting it far too many election cycles beyond the whims of our lazy, undisciplined and uneducated society.

Never going to happen unfortunately, we would need a complete collapse before something is done.

The politicians keep spending and kicking the can down the road.

And how will you convince people who have to ability to have the will?


=impossible.

Who will vote for locking in the federal government?


=impossible.

You can't say that under the recent antisemitism laws.