I will advance my idea again of how the USA can fix the staggering debt problem:
DECLARE NATIONAL CHAPTER 13 BANKRUPTCY AND APPOINT AN ALL-POWERFUL JUDGE TO DISCHARGE IT!
1. Pass a law (simple majority in Congress) to declare national bankruptcy.
2. The Bankruptcy Judge and his Trustees make all the decisions and kill all the sacred cows. Small Biz Administration, farm price supports, County Agents, Dept. of Education, National Public Radio, National Endowment for the Arts, unneeded military bases, numerous commissions, subsidies, grants, etc. would come under the knife or be eliminated. A million leftist GS14s would have to go flip burgers for a living using their liberal arts degrees.
3. Cut entitlements. Advance the age for collecting Social Security and Medicare. Re-examine every person on SSI Disability and make them prove they are disabled. Make it a priority to send sick illegal aliens back to their country of origin for medical care (off Medicaid). Cut Congressional pensions to ZERO since they got us into this mess. Cut Presidential pensions to zero. Cut civil service pensions to what the lowest GS4 gets.
4. Eliminate contracts. No government unions will be recognized.
5. Lay off 80-90% of all federal workers. Contract out every function that can be privatized.
6. Sell assets. GM/Chrysler stock, mortgages held by Fannie & Freddie, BLM land, some national forests, federal buildiings, mineral rights including offshore. All proceeds must be used to PAY DOWN THE NATIONAL DEBT.
How’s that for a start?
Excellent. Great idea!
Keep going!
Abolish the EPA,FDA,FEC,FCC, government schools ,government grants, NASA etc.
Government/socialism doesn't work. Even the holy NASA is doing Muslim outreach and global warming studies. That nut Hansen at NASA gets over a $100,000 per year to propagandize about a hoax. This proves government agencies are accountable to no one and so they must be abolished.
Ah what you think is a solution, in the hands of your government is a disaster. Through the simple expedient of outsourcing to private contractors, the usual lid on total numbers of public employees is not just lifted, but blown off like the cover on an ICBM silo. There is no end to the bureaucratic tasks that one group of contractors can make up for another group of contractors to then answer. Privatization is the biggets fraud ever invented on the taxpayer. It assumes that someone responsbile is setting budget, scopes of work and number of contractors that can sign on.
Of course, nothing of the sort happens.