Posted on 12/02/2014 9:51:47 AM PST by SeekAndFind
So here's a positively eye-watering number: America's national debt (not its deficit, which is something different entirely, so stop confusing them, please) is now a gobsmacking $18 trillion or $7 trillion higher than when President Barack Obama took office in 2008, The Washington Post reports.
According to the right-leaning Powerline blog, "41 percent of the national debt of the United States, from George Washington to the present, has accrued during the Obama administration."
(In case you were wondering, the 2014 budget deficit came in at a comparably smaller $483 billion, which "[represented] the smallest deficit as a percentage of GDP since the George W. Bush administration," Powerline also noted).
This begs the obvious question -- apart from, say, selling off Mount Rushmore and turning Wyoming into a giant theme park, how the heck do you pay down an $18 trillion note?
(Excerpt) Read more at pennlive.com ...
“41 percent of the national debt of the United States, from George Washington to the present, has accrued during the Obama administration.”
Wonderful, but was this calculated using inflation-adjusted figures? If not, the number is invalid.
Sell nearly all federal land holdings and parks. The feds own a huge chunk of the land west of the plains, 70% of Nevada I think 40% of CA; sell it.
I’d open up a new Visa with a low introductory rate and transfer the balance to it.
Never work.. common sense is absent in government.
You don’t.
The only way-confiscate all private and public savings.
Public savings state and local governments budget surpluses like North Dakota’s.
Slash government spending on foreign nations who hate us anyway, remove the UN, fumigate, and lease out the buildings as a museum, sell off our politicians to whoever wants them at the highest bid, replace said politicians with people who have actually worked at real jobs.
SLASH BUREAUCRATIC BS that increases costs, tort reform, remove Obamacare, the system wasn’t broken before, it is now.
Alphabet agencies spying on Americans?
They don’t need a budget at all.
They also don’t need to exist.
streamline streamline streamline.
Why do we “need” ten agencies all doing the same thing?
Indeed, ten or more agencies doing the same thing -and not sharing info- is part of what got us 9/11.
And that’s a starting point, but by no means a thorough example.
Pretty certain a good comprehensive plan could be laid out given enough thought.
I would ban the Democrat Party, seize all of it's former members and donors, throw them in Jail and confiscate their assets.
Tax revenue is up 52% since 2000. Federal spending is up 98%. FIrst thing you need to do is to stop spending faster than you are taking in. That’s my thought, anyway.
Easy. Cut off ALL forms of entitlements or welfare. Want to eat? Get a job? Can’t work? Go to a church for food. No Free Anything for ANYONE anymore except for Veterans.
All we have to do is get every single human being on planet Earth to write the IRS a check for approximately $3000 and our bank balance would be -$0-. /S
You pay it off the same way your profligate brother paid off his mountain of credit card debt:
1. Stop spending money you don’t have. You eliminate all optional spending until the debt is completely gone. This means no vacations, no luxuries, and the absolute cheapest possible purchases when spending is mandatory (hamburger, not steak - for FedGov, subsistence income rather than Obamaphones and cable TV for the welfare class, and a smaller military without the pork for connected congressional districts, deport illegals because it’s the right thing and much cheaper than paying for their medical care, welfare, and prison terms).
2. You continue austerity until the debt is completely gone, and then, like a recovering alcoholic, you don’t restart that addiction. Require a balanced budget with no gimmicks forever, regardless of the situation. The benefits of deficit spending those few times when it is a positive are far smaller than the costs of profligate spending when politicians benefit from the waste and corruption of throwing away our money.
Close half a dozen Federal agencies and cut another 6 in half.
Overturn Obamacare.
Overhaul ALL gov’t aid programs to focus on the truly needy.
Cancel Corporate Tax and current income tax and institute a national sales tax, with a floor for the truly needy.
Quit farm subsidies and most foreign aid.
Make Congress subject to the same laws as the rest of us and quit lifetime benefits.
Kill the Federal Reserve, which would force REAL interest rates and real market forces onto the Federal Government.
Write off the $5 Trillion held by inter government agencies and the FED.
Establish a gold standard and a Federal government 90% smaller than it is now.
There would be social and political hell in the USA for a few years as the USA weans itself off printed money and the nanny-state, but after that - things would improve.
Most people have no more money to give government or their corrupt global banking buddies...
Too bad for them.
Eliminate all income based taxes. Institute a consumption tax.
Damn, I knew I missed something. Make that #10:
Abolish all entitlement programs and redirect funds to local and state governments for assignment based on assessed need.
Nope. Too easy.
Congress has to make EVERYTHING difficult so it appears they are actually doing something.
If we do nothing, my children and future grand children will be paying off the debt. My children have never been on the dole. The only “fair” thing to do is to make those that are the beneficiaries of the government’s handouts pay the bill. The makers in America can pay their fair share of the things that are actually constitutional. The rest will simply have to work it off. Yes, it is a kind slavery, which I consider a good thing.
Slash the capital gains tax by 75%.
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