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Started By
Message
re: How do we start over with no national debt?
Posted on 10/5/23 at 10:15 am to JackieDaytona
Posted on 10/5/23 at 10:15 am to JackieDaytona
quote:
How about raising taxes back to the level of the Revenue Act of 1964.
How does that fix our spending problem?
Posted on 10/5/23 at 10:16 am to saints5021
quote:
At the moment, that 33 Trillion is basically a fake number, since the other nations could not call it in.
Most of our debt is held domestically.
Posted on 10/5/23 at 10:21 am to ApexTiger
quote:
If they can print money
Then they can just as easily cancel the debt to pay it back, right?
or how about this
If they can print money
Then they can just print the amount of money it takes to pay off the debt, right?
money is no longer backed by anything of value
its all a ponzi scheme
This post was edited on 10/5/23 at 11:54 am
Posted on 10/5/23 at 10:22 am to ApexTiger
Just have every american cut a 100k check to Uncle Sam. Done.
Posted on 10/5/23 at 10:24 am to ApexTiger
The national debt is just a talking point they print money when they need it
Posted on 10/5/23 at 10:24 am to ApexTiger
Well the approximate debt per taxpayer is what.. 250,000?
We all pay 250,000 and bingo. No debt.
Oh but then they are still underwater on SS and Medicare. Might as well pitch in another 50,000 to be sure.
We all pay 250,000 and bingo. No debt.
Oh but then they are still underwater on SS and Medicare. Might as well pitch in another 50,000 to be sure.
Posted on 10/5/23 at 10:27 am to BigJim
quote:
There is no silver bullet.
While I agree with this, the USA is the largest owner of real estate in the country. Billions of square feet of tangible real estate and 500 million acres of land.
A lot of that is not utilized or under-utilized.
Posted on 10/5/23 at 10:30 am to ApexTiger
- We can't start over.
- The debt is real and we have to treat it that way. If nations believe we can't pay it back they can begin selling it off, reduce confidence in the dollar and our economy, and that will hurt us.
- Other nations do depend on our economy, but there are growing signs they are willing to reduce that dependence. This gives us less leverage and hurts our economic standing.
We have to address the debt. My healthcare plan does more to address the debt than any candidate out there. It fixes healthcare and clears up our debt situation.
But this is a real issue and we must get it fixed.
- The debt is real and we have to treat it that way. If nations believe we can't pay it back they can begin selling it off, reduce confidence in the dollar and our economy, and that will hurt us.
- Other nations do depend on our economy, but there are growing signs they are willing to reduce that dependence. This gives us less leverage and hurts our economic standing.
We have to address the debt. My healthcare plan does more to address the debt than any candidate out there. It fixes healthcare and clears up our debt situation.
But this is a real issue and we must get it fixed.
Posted on 10/5/23 at 10:40 am to ApexTiger
…. by enduring a lot of pain
Posted on 10/5/23 at 10:47 am to ApexTiger
it's all just stats on a spreadsheet.
It's just money we borrowed from ourselves by printing money.
If we don't pay it back nothing happens, if we pay it back nothing happens
It's just money we borrowed from ourselves by printing money.
If we don't pay it back nothing happens, if we pay it back nothing happens
Posted on 10/5/23 at 10:48 am to ApexTiger
What good would it do to start over without changing the behavior that put us here in the first place?
Hell, if we figured out a way to start over it might make it worse. If the idiots inside the Beltway know there's a reset button they're likely to be more irresponsible than they already are.
Hell, if we figured out a way to start over it might make it worse. If the idiots inside the Beltway know there's a reset button they're likely to be more irresponsible than they already are.
Posted on 10/5/23 at 10:52 am to wackatimesthree
50 megaton nuclear device detonated center of dc
Posted on 10/5/23 at 11:09 am to Azkiger
There's not enough gold in the world to mint a 33 TRILLION dollar coin, so why not just print a $33T bill? Either the coin or the bill would be Fiat money-- fix it again, Tony!
Posted on 10/5/23 at 11:44 am to udtiger
quote:
ETA - not serious, but someone will say this.
It's been said, seriously
Posted on 10/5/23 at 11:48 am to Enadious
quote:
It's been said, seriously
By an "economist".
Posted on 10/5/23 at 11:48 am to JackieDaytona
quote:
The minds of poorly educated southern males is fascinating.
We have no shortage of those here.
And your username just hit me.
Posted on 10/5/23 at 11:52 am to mahdragonz
quote:
You understand the debt isn't real, right? There's no country that's going to come get their debts from the US. Except maybe China.
That’s who you think own our debt?
Posted on 10/5/23 at 11:54 am to ApexTiger
Cut off the head of the snake starting in DC and their overlord bosses like Soros and the Khazarian Mafia. Take their wealth and reset the entire system. Until you do that, we are supporting the worlds largest Ponzi & Money Laundering scheme against all of humanity!
Why are we paying so much “interest on fiat money” that doesn’t physically exist?
Interest rates should be capped, the lending world should not be as lucrative as it’s become, it’s predatory.
And btw, the true debt is over $100Trillion when factoring in the accounts payables for SS and government/welfare/ social programs etc.
To make things worse, I believe every illegal alien costs us like $45-50K per year which is the old #$ I’ve heard. & I GUARANTY that # is gonna sky rocket with the way we are posting up the illegals in hotels in NYC etc…
This is all by design to collapse the USD & usher in the CBDC’s.
If we don’t stop this train prior to them eliminating “physical money” and we are all pushed into a global cyber currency,
We are in MAJOR TROUBLE! That is end game for them & they cannot do it until the $USD collapses, thus, they are spending at all time highs.
I’ve always heard and read some articles in the past decade stating that the MAGIC # for the USD to collapse will be when the debt reaches $50-60Trillion, at this rate, it’s right around the corner and in time for the 2030 goal to RESET society!
It’s right in front our eyes fellas, anyone that cannot see what’s happening, wake up & stand for your kids freedom!
I fear for my kids and what they may go thru, yes, we will go thru it and we will see it, but they will live a long horrible life if this continues.
Everyone will be enslaved to the system if we do not reverse course!
Why are we paying so much “interest on fiat money” that doesn’t physically exist?
Interest rates should be capped, the lending world should not be as lucrative as it’s become, it’s predatory.
And btw, the true debt is over $100Trillion when factoring in the accounts payables for SS and government/welfare/ social programs etc.
To make things worse, I believe every illegal alien costs us like $45-50K per year which is the old #$ I’ve heard. & I GUARANTY that # is gonna sky rocket with the way we are posting up the illegals in hotels in NYC etc…
This is all by design to collapse the USD & usher in the CBDC’s.
If we don’t stop this train prior to them eliminating “physical money” and we are all pushed into a global cyber currency,
We are in MAJOR TROUBLE! That is end game for them & they cannot do it until the $USD collapses, thus, they are spending at all time highs.
I’ve always heard and read some articles in the past decade stating that the MAGIC # for the USD to collapse will be when the debt reaches $50-60Trillion, at this rate, it’s right around the corner and in time for the 2030 goal to RESET society!
It’s right in front our eyes fellas, anyone that cannot see what’s happening, wake up & stand for your kids freedom!
I fear for my kids and what they may go thru, yes, we will go thru it and we will see it, but they will live a long horrible life if this continues.
Everyone will be enslaved to the system if we do not reverse course!
This post was edited on 10/5/23 at 2:29 pm
Posted on 10/5/23 at 12:15 pm to saints5021
quote:
If China owned 10 Tillion of that debt and called it in, and we can't pay it, it would crash our economy, which would crash their economy.
China had less than one trillion as of last year.
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