How would you solve america's debt problem?

[Chaigidel]

forgive me and merge if another thread of this nature exists.


what cuts would you make what taxes would you levy what laws would you enact to pay off america's 9 trillion dollars in debt -- lets just go with 10 trillion dollars. whatever plan it would be it should probably take 25-50 years :*(

I would probably seize and regulate several global corporations by use of force-- then redistribute the wealth while maintaining the jobs and infrastructure that those company's formerly provided--- these mega corporations would be reduced and redistributed in the stock market
the seized and regulated corporations would basically be like anyone named haliburton-- and basically any other american company which abused our tax breaks then left our nation. they would be liquidated and the ceo and all board members executed for treason.

taxes if you make over 100 million dollars = 99 percent -- we will use the military to track and bring in these people and the assets which we recorporate for american interests -- this would extend only to american citizens and citizens who own stock in american company ( of any nation)

a refocus of the military on enforcing our redistribution efforts and a maintainace of the new state run corporate entity

everyone will then be assigned a number and a section; then a job-- then like ants we will become attuned to chemical codes and pheremone dispensers on the side oF THE ROAD YES YESSSS.

but seriously lets work on this debt .

[Poisoner]

Well we must obviously kill a lot of the unconstitutional and socialist programs of the Federal Government. I wouldn't nationalize any industry, but there would be a tax increase to further increase the budget surplus that would be used to pay off the debt and to make the dollar valuable again.

[Rush Limbaugh]

Cut spending. Eliminate the Fed and Irs ,SS and Income taxes and force the government to have a balanced budget.

[RusskiSoldat]

I wouldn't be as extreme as the two libertarians above, but the US spends too much money on a lot of things, and not very effectively.
I mean, surely it could have the world's most powerful army without spending 40% of its military budget? And what the hell is all that health care money wasted on, considering the US health system ranks fairly low among the first world nation and yet spending per head is the highest by far.
And anyway, Clinton reduced debt without ruining the country, so the solution obviously isn't some insane austerity measure.

[Rush Limbaugh]

And anyway, Clinton reduced debt without ruining the country, so the solution obviously isn't some insane austerity measure.

The debt climbed every year under Clinton

[Titus Terrasidius]

Cut spending. Eliminate the Fed and Irs ,SS and Income taxes and force the government to have a balanced budget.

Rush, I hardly ever agree with you, but on this I TOTALLY agree with you, Im not American but i know a corrupt, faulty system when I see it and the Fed is tantamount to evil and it is dominating your countries checkbook like a diabolical puppet-master

[TheKwas]

I don't think America is ever going to actually start paying down it's debts, or at least it's not going to pay them down to any significant extent. The best to hope for is a return to surpluses (which Clinton had, but he never reduced debt, a common misunderstanding) and simply keep the interest rate at bay. Reagan basically left you guys with a tax no one can cut. Irony at it's most sad.

[Medicus]

Slash the military budget, raise taxes.

[RusskiSoldat]

The debt climbed every year under Clinton

But it fell as a percentage of the GDP.

[Rush Limbaugh]

But it fell as a percentage of the GDP.

up is up and its not down as was claimed.

[TheKwas]

Rush managed to simplify economics down to a tautology. cute.

[Maverick]

Depose the Nigerian government on the pretext of ridding them of a corrupt, evil dictatorship (true) and then take over the valuable oil reserves there. This is just a stupid band-aid solution but that's politics for you. But seriously the US spends way too much on the military. Whatever nukes etc. they have at this point is more then enough to secure favorable treaties etc. through intimidation, a real show of force isn't as necessary anymore. Selling lots of other weapons that are in high demand in the middle-east would be a good idea, they are too busy fighting eachother to attack our allies in Israel.

[Kleos]

Simple: Vote Ron Paul!

[LoZz]

cut the military budget a little, increase taxes. reduce wasteful spending, where ever i could find it, I.E. any pointless federal organisation not needed.

[Mythos]

I would probably seize and regulate several global corporations by use of force

If you did that, you would have to deal with 6 trillion dollars flooding the world market. Good luck with that.

[Tiwaz]

Cut spending. Eliminate the Fed and Irs ,SS and Income taxes and force the government to have a balanced budget.

Out of curiosity, what do you think they could fund if taxes were reduced that way?

Of course, after social security is done for it saves some cash to be spent on police and other security organisations.

Because dropping the social security could cause increase in restlessness in lower parts of population.

[Rush Limbaugh]

Out of curiosity, what do you think they could fund if taxes were reduced that way?

The same things they funded before 1913 and not all this crap they do today.

Because dropping the social security could cause increase in restlessness in lower parts of population.

Most would be happy to get their full pay check and save it themselves for their old age. You get a much better return even if you just throw it in the bank.

[Segestan]

There is No cure for the coming World Depression. As goes the United States goes all the newly industrialized nations of the world. The post-1945 era is over. In all it’s dimensions.
In other words the world is about to return to the chaos of post 1917.

For the United States of America the best possibly scenario is to weather the global storm by providing all the needs of industry without attempting to import. Re-industrial the country , re-build the infrastructure of roads , dams embark on a vigorous re-construction of America. The monetary problems will fade as the years pass with a modernization of America. Increase in Military budget , social security and medical care, these are vital to the strengths of the nation.
Remove the United Nations from American soil. You either fully support the nation as a free Republic or get out. No pandering to foreign interests. No need for foreign military expeditions no need to police the world in the new world order of 1917.
Americas enemies and allies will find the world a far different place than what has been sense the end of WW II.

[El Brujo]

There is No cure for the coming World Depression.

the world is about to return to the chaos of post 1917.

Repent ye sinners, for the end of days are upon us! Alas Babylon!

Anyway, I think Rush has it pretty much figured out. Just toss out all of Wilson's and FDR's programs and organizations and we will be able to pay everything off without raising taxes.

[The Knight 2100]

I would cut almost all social programs. Once that's done, that frees up about 60% of the budget from what I've heard. I would then use that to pay off the debt. Once the debt is paid off, I would lower taxes dramatically.