Maybe I’m wrong but my sense is it is possible to grow ourselves out of the debt through economic growth; as long as congress does not spend the money coming in that can be used to retire that debt.
Cutting taxes under JFK, Reagan and Bush 43, all stimulated the economy and government receipts, but congress simply kept spending more and more. With 4000 non-profits in growing government DC today, there’s a lot of pressure to spend, spend, spend.
Beck is picking up on the attraction Ross Perot had years ago. Government has to be held accountable and Democrats with too many Republicans are not doing their job.
Yes, it is.
Beck is picking up on the attraction Ross Perot had years ago. Government has to be held accountable
^
Jesse Ventura did too, led the Minnesota Independence party to be moderates and ruined it[clue for Republicans who think like McCain, extinction]
Sorry this is so late; I spent an enjoyable afternoon with my 3 children and son-in-law, and just got home.
Any formula that requires that Congress acts responsibly with receipts in excess of current spending is optimistic, at best.
The Roman Republic had a program where a citizen would be appointed dictator during a crisis, for a term of 6 months. Then the dictator would retire back into private life. In our current form of government, that would give this person only 6 months to clear the Beltway of the lobbies and the Ted Kennedy types and the lifers in the government, act in the best interest of the country, and have a replacement who would not undo the good work.
I am not optimistic about this possible solution. Somebody else mentioned the Wiemar Republic on this thread today; I hope that what comes out of the American version of that will be more enlightened than what came out of the original.