Enact the Warren Buffet proposal - if the national debt exceeds 3% of GDP, not congresspeople and senators are automatically barred from re-election. It is a multi legged problem: Unchecked debt will cause an unsustainable level of interest - crashing the economy. Dramatic cuts government program will crash the economy. Raising taxes enough to affect the dept will crash the economy. The answer is to freeze spending at current levels and let the economy (and hence tax revenue) grow over the next five years.
“The answer is to freeze spending at current levels...”
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No chance of that because buying votes requires ever increasing outlays. /sarc
No chance of that ever passing, because the cuts would be so extreme, they would be voted out anyway. We are in a death spiral - no one will have the political will to make the cuts.
The collapse is happening slowly at first, then all of a sudden! To paraphrase a common saying.
Interesting idea but would require a Constitutional Amendment. A possible Convention of States Amendment.