- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Can Doge do the unthinkable to elminate our debt? What is it…36 trillion now?
Posted on 2/12/25 at 7:58 pm to SquatchDawg
Posted on 2/12/25 at 7:58 pm to SquatchDawg
Oh I agree. It looks like DOGE is going to find at least a half a trillion dollars more than the deficit.
1
Posted on 2/12/25 at 8:09 pm to SuckerPunch
quote:come to find out, we don’t even know what we really owe.
our debt
Posted on 2/12/25 at 8:16 pm to SuckerPunch
The debt, no. The deficit it can hopefully make a huge dent in
Posted on 2/12/25 at 8:18 pm to SuckerPunch
impossible
Posted on 2/12/25 at 8:22 pm to SuckerPunch
You have to start somewhere. If they can change the culture of Congress who knows what can happen long term. It seems like they are trying to.
Posted on 2/12/25 at 8:50 pm to SelaTiger
It's going to take time, and massive reductions in spending and massive layoffs is like trying to go cold turkey with a heroin addict, you'll just shock the system and kill them. Cold turkey would send this country into a massive recession/depression that would make things worse.
Start with eliminating fraud and waste. Next, freeze government hiring and spending. A few years of that will slowly wean us back to health. Then we balance the budget annually and slowly pay off the debt over the next 40 years.
We've been deficit spending for over a half a century, it's going to take that long to work our way out of it.
Start with eliminating fraud and waste. Next, freeze government hiring and spending. A few years of that will slowly wean us back to health. Then we balance the budget annually and slowly pay off the debt over the next 40 years.
We've been deficit spending for over a half a century, it's going to take that long to work our way out of it.
Posted on 2/12/25 at 9:09 pm to SoDakHawk
quote:
It's going to take time, and massive reductions in spending and massive layoffs is like trying to go cold turkey with a heroin addict, you'll just shock the system and kill them. Cold turkey would send this country into a massive recession/depression that would make things worse.
I agree. People don’t realize that this debt is all in bonds that can’t just be written off and how much this spending has juiced the economy. If you just slash everything it will throw us into a depression..which IMO would be good long term but there are better ways to do it. Revamping Medicare and SS to be more efficient and to eliminate fraud would go a long way.
Balancing the budget means just returning to 2019 spending levels. With all of the bullshite DOGE is finding this seems entirely possible.
Cap spending to a % of GDP with an actual budget
Don't reissue new debt as old debt matures. Tariffs would be an interesting tool to buy down retiring debt.
But ALL of this last to be mandated by statute because the next President could easily undo it.
This post was edited on 2/12/25 at 9:11 pm
Posted on 2/12/25 at 9:17 pm to omegaman66
quote:
My solution is this. For every billion dollars cut YOU get X amount of that in a check. So bam you get a 500 dollar check. And you are like damn, if we cut that bullshite over there I get more. And cut this bullshite over there I get more, and stop spending 90k for ziplock bags worth of ball bearing I get even more. You will have 95% of the people demanding to cut all kinds of shite.
I agree with this approach. Plus you just can’t pull $1TT out of the economy, even if it was ill gotten from a printing machine, and not expect a huge recession.
Posted on 2/12/25 at 9:29 pm to Bwmdx
quote:
I wonder how much of that debt is fraudulent debt that we can claw back from people’s and other country’s assets
A shite ton. Not to mention the repatriation of ill gotten gains from all over the planet, cartel assets, deep state treasonous a-hole's assets. It's gonna be YUUUUUGE!
Posted on 2/12/25 at 9:31 pm to omegaman66
quote:
It looks like DOGE is going to find at least a half a trillion dollars more than the deficit.
Projected at 1.5T?
Posted on 2/12/25 at 9:32 pm to Robin Masters
It's why firing half the Federal workforce would be a disaster. You fire 1,000,000 people and the ripple effect would be an additional 2,000,000 to 5,000,000 private sector jobs and would crash the economy, and then it would get even worse. It would be a Great Depression 2.0.
That's why Trump's plan of only replacing 1 Fed for every 4 that leaves service makes perfect sense. Let it naturally happen. Plus no needless pain by mass firings and layoffs.
It's an orderly resizing of the government over time and it makes sense.
Cut waste and fraud and downsize over time. We got into this mess over decades, it will take decades to get out. Which is why it's important for Trump to really lead on this issue and get legislation passed to make this law.
Firing half the Feds and sending the country into a depression will only mean a Democrat POTUS in 2028 who goes on a hiring spree and back to BAU.
That's why Trump's plan of only replacing 1 Fed for every 4 that leaves service makes perfect sense. Let it naturally happen. Plus no needless pain by mass firings and layoffs.
It's an orderly resizing of the government over time and it makes sense.
Cut waste and fraud and downsize over time. We got into this mess over decades, it will take decades to get out. Which is why it's important for Trump to really lead on this issue and get legislation passed to make this law.
Firing half the Feds and sending the country into a depression will only mean a Democrat POTUS in 2028 who goes on a hiring spree and back to BAU.
Posted on 2/12/25 at 9:39 pm to SuckerPunch
Cutting the wasteful spending, and reducing the size of government is great, but you also have to recall and destroy a lot of currency.
Posted on 2/12/25 at 9:40 pm to SuckerPunch
I don’t care if they only found $1000 of government waste and fraud. That’s $1000 too much. Most folks have to budget, pay taxes, and sacrifice. Our government should at a minimum, be the same as the folks they represent and the true goal should be for them to be better than we are when it comes to spending and budgeting. Lead by example!
Posted on 2/12/25 at 9:47 pm to SuckerPunch
If they can just shave off $500B it’s a step forward. The key to paying off the national debt is creating a sovereign wealth fund that invests in America and earns interest that can be then used to pay down the debt while increasing GDP. Also, a cryptocurrency reserve is a good tool in that bag of tricks.
We gotta do something otherwise it’s hyperinflation and pain.
We gotta do something otherwise it’s hyperinflation and pain.
Posted on 2/12/25 at 9:51 pm to SuckerPunch
quote:
Im sure Doge will have to go into the next administration
The only hope of turning the tide on $36 trillion of US debt that is costing $1 trillion/year for debt servicing is to somehow get real GDP at 3-4% for a period of 15-20 years while significantly reducing government spending during that same period.
This ^^^^ would likely require a balanced budget amendment if you really wanted a serious plan to begin reducing US debt.
History shows, when nations try to use the printing of fiat currency to combat declining economic growth, low worker productivity, trying to placate the masses who have become increasingly dependent on a bloated government for their subsistence.....the law of "Big Numbers" (debt spiral, inflation, high interest rates) takes over and is undefeated, the result is a failed/bankrupt nation.
Posted on 2/12/25 at 10:02 pm to SuckerPunch
No. But they can stop inflation
Posted on 2/12/25 at 10:03 pm to SuckerPunch
Deficit? Maybe.
Debt? Not even close.
Debt? Not even close.
Posted on 2/12/25 at 10:25 pm to Goldbondage
quote:
Easily, while DOGE is in the treasury computer, they can just hit the delete button on the debt. Poof, problem solved
Doesn't China own a shite ton of our debt.
What if we said..."hey, you know that whole Wuhan flu that came out of your labs?
Well we've tallied up the amount lost from
All that bullshite and...well,
We don't owe you shite."
Posted on 2/12/25 at 10:28 pm to KosmoCramer
quote:
The goal is to cut $1T in waste, fraud, and abuse, drive down the cost of living with that, and get 3-5% growth to bump up tax receipts by $1T.
Entitlements are off the table per Trump. Not sure how you get a $1T without that.
But hey, every bit helps.
Posted on 2/12/25 at 10:32 pm to volinktown
quote:
We are running on 2T deficit now. If Doge cuts 1T a year, it's not going to save us but delay the inevitable.
You missed the explanation earlier in this thread. The intention is to grow the economy enough to increase tax receipts by a trillion dollars.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News