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The national debt is now $18 trillion. How would you pay it off?
Penn Live ^ | 12/02/2014 | By John L. Micek

Posted on 12/02/2014 9:51:47 AM PST by SeekAndFind

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To: SeekAndFind

Since the debt is going to be renounced, the sooner the better.


41 posted on 12/02/2014 10:24:17 AM PST by Jim Noble (When strong, avoid them. Attack their weaknesses. Emerge to their surprise.)
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To: SeekAndFind

Just default on it and get it over with...


42 posted on 12/02/2014 10:24:59 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: DCBryan1

No Free Anything for ANYONE anymore except for Veterans.
____________________________________________________________

Veterans don’t receive anything for free..they sacrificed and earned it..


43 posted on 12/02/2014 10:27:07 AM PST by AFret.
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To: SeekAndFind

Easy. Pay it off in 30 years (a la mortgage) via $5.50 per person per day.

The hard parts are:
- _everyone_ has to pay up $5.50 _every_ day ($2000/yr).
- that’s a positive $5.50/day, not “refundable tax credits” or such.
- “stop digging”.


44 posted on 12/02/2014 10:27:54 AM PST by ctdonath2 (You know what, just do it.)
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To: SeekAndFind

Remember though - The National Debt is offset by the National Credit. You can’t look at only one side of the coin.

We should be more concerned with the Trade Deficit and the Budget Deficit. That would be a start to reducing any “net” National Debt we may owe.


45 posted on 12/02/2014 10:28:05 AM PST by TangledUpInBlue (I have no home. I'm the wind.)
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To: MrB

IIRC, Iceland did exactly that.


46 posted on 12/02/2014 10:28:32 AM PST by ctdonath2 (You know what, just do it.)
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To: SeekAndFind
Since ALL money (federal reserves notes) are borrowed into existence perhaps someone can explain exactly how to pay off the debt when we have to borrow money to create money?
47 posted on 12/02/2014 10:31:40 AM PST by Captain7seas (i)
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To: TangledUpInBlue

Round up every executive from Goldman Sachs.....


48 posted on 12/02/2014 10:32:14 AM PST by EQAndyBuzz (You can't spell liberal without label.)
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To: SeekAndFind

Coincidentally, I read somewhere that what the gubmint has spent in 50 years of the war on poverty is roughly equal to the debt. It seems pretty obvious to me what we have to get rid of to get our debt under control.


49 posted on 12/02/2014 10:32:38 AM PST by jospehm20
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To: rarestia

Add to your list....

10. Sell huge swaths of government land to private citizens and businesses.
11. Stop sending billions to certain countries with questionable loyalties.
12. TRULY CUT the entire federal government staff by 50%. Just do it and re-organize (including the staff of all elected officials).
13. Repeal Obamacare


50 posted on 12/02/2014 10:33:29 AM PST by Tenacious 1 (POTUS shall now be referred to as POPOF. President Of Pants On Fire.)
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To: SeekAndFind
Bring up a few diamonds in the mantle, shown in The Core.
51 posted on 12/02/2014 10:35:56 AM PST by edpc (Wilby 2016)
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To: SeekAndFind

Sell California.


52 posted on 12/02/2014 10:43:21 AM PST by pallis
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To: Darksheare

All good. Especially getting rid of the many worthless Federal bureaucracies.

Also, I’d cut existing federal salaries & pensions by 30% and issue EBT cards to ONLY those who cannot work for some valid reason.


53 posted on 12/02/2014 10:44:56 AM PST by Zman516 (Thought-Criminal #1)
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To: SeekAndFind

“How would you pay it off”

Work-Camp, U.S. Territory, with threats and coercion.

The Exempt Gang and Extortion-Care Lobby Gangs plan.


54 posted on 12/02/2014 10:45:50 AM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: SeekAndFind; dfwgator
Deal with the criminals first:

"The country is in chaos! For social order, we need tighter reins. Incarceration hasn't worked as a deterrent. l say we expand execution to include lesser crimes! (such as voter fraud, robbery, burglary, welfare fraud, lying to the voting public, etc)

55 posted on 12/02/2014 10:48:20 AM PST by DCBryan1 (No realli, moose bytes can be quite nasti!!)
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To: SeekAndFind

File bankruptcy. As Denise Miller said, “F** ‘em. Don’t pay ‘em”. Foreign nations have gotten plenty they never deserved out of us.

Stop all the welfare, it is illegal anyway.

Cut all foreign military spending such as “defending” South Korea. Just how long are they supposed to go without defending themselves for crying out loud??!! I think 60 years has been long enough!

Cut out all corporate taxes to increase investments in America.

Dissolve the EPA and replace it with a organization limited to public pollution only.

Dissolve the “Education” and the “Energy” departments completely.

Dissolve the Coast Guard and replace its critical functions with the Navy (Yes, the CG has very critical functions like maintaining shipping lanes), eliminating the massive executive overhead of running the CG.

Return to the gold standard.

Change the law that has allowed “Emergency” operations of the government since, what, 1921? This has allowed such things as running a national debt.

Eliminate Congress completely. It appears that it cannot and will not protect the people’s liberties and has relegated itself to pencil whipping budgets. We don’t need it anymore. It is a useless waste of taxpayer funds.

Eliminate the IRS and the 16th Amendment.

Eliminate all federal holdings of “parks” and “forests”. The federal government was never supposed to own any land within the States.

Cut out illegal imports the State Department has been paid off to allow. Return to US production, screw the idiot public that thinks cheaper products are better for the country. How can they buy those cheaper products if they don’t have jobs??? Morons.

Get rid of the other 5 inhabited holdings like the Virgin Islands, and Puerto Rico. It they are not States we don’t need to continue allowing federal holding of them.

Stop all immigration for 50 years and enforce current immigration laws, deporting or self-deporting 20+ million invading freeloaders. We stopped immigration nearly completely from 1924 to 1964. It worked great.

Drill, baby, drill! We have lots of natural resources to sell off to tax.

Chang the Commerce Clause to be restricted to only taxation and importation between the States, thereby neutering 99% of the federal government’s usurped powers, including the federal restriction on selling medical insurance policies between States.

Man, I could go on and on.....


56 posted on 12/02/2014 10:53:42 AM PST by CodeToad (Islam should be outlawed and treated as a criminal enterprise!)
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To: Captain7seas
Since ALL money (federal reserves notes) are borrowed into existence perhaps someone can explain exactly how to pay off the debt when we have to borrow money to create money?

The solution's simple: return to the gold standard, tell the Fed F- You, declare the debt to the fed as invalid and fraudulent, prosecute the fed (from chairman to stockholders to janitor).
Now the question as to if we have the will to do such is different altogether.

57 posted on 12/02/2014 10:54:19 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: SeekAndFind

I would triple the income taxes of every lipstick liberal who voted for this garbage. All Democrats would get a HUGE tax increase. For the Children, of course....


58 posted on 12/02/2014 10:54:56 AM PST by navyguy (The National Reset Button is pushed with the trigger finger.)
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To: fhayek

So WHY would a guy named Hussein Obama lead an insane spending explosion that will eventually cause an economic collapse of America?

Are you waiting for the presstitutes to tell you WHY Hussein is doing everything he can to destroy the US?

Are you waiting for your elected representatives to tell you why Hussen Obama is going to enslave all Americans in an economic hell?

Eventually YOU have to figure it out for yourself. Isn’t the right answer obvious?


59 posted on 12/02/2014 10:58:17 AM PST by politicianslie (To fool Americans, you only have to fool the presstittues. Hussein Obama is working hard to kill us)
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To: SeekAndFind
Pay it off? Surely you speak in jest oh travelling clown.


60 posted on 12/02/2014 10:59:37 AM PST by Phlap (REDNECK@LIBARTS.EDU)
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