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Started By
Message
How do we start over with no national debt?
Posted on 10/5/23 at 7:24 am
Posted on 10/5/23 at 7:24 am
800 billion in annual interest? Was 475 billion in 2022...up 130 billion from 2021. Its exploding
Current spending is 5.5 Trillion. Not long ago pushing beyond 4 Trillion was big deal
We have no chance of avoiding a complete disaster with this much of our taxation going towards interest...
Things just excellerate from here.
Instead of plead for a Green New Deal we can't afford nor prove will make a difference
We need to start with baby steps to financial freedom
If they can print money
Then they can just as easily cancel the debt to pay it back, right?
Who gets this interest money?
800 billion needs to be a debate topic...its top 5 highest obligation we have
Current spending is 5.5 Trillion. Not long ago pushing beyond 4 Trillion was big deal
We have no chance of avoiding a complete disaster with this much of our taxation going towards interest...
Things just excellerate from here.
Instead of plead for a Green New Deal we can't afford nor prove will make a difference
We need to start with baby steps to financial freedom
If they can print money
Then they can just as easily cancel the debt to pay it back, right?
Who gets this interest money?
800 billion needs to be a debate topic...its top 5 highest obligation we have
This post was edited on 10/5/23 at 7:29 am
37
Posted on 10/5/23 at 7:26 am to ApexTiger
quote:
800 billion in annual interest
Even if we stopped overspending (we have done the opposite), this is going up.
Posted on 10/5/23 at 7:28 am to moneyg
Mint a 33 trillion dollar coin
ETA - not serious, but someone will say this.
ETA - not serious, but someone will say this.
This post was edited on 10/5/23 at 7:29 am
Posted on 10/5/23 at 7:31 am to ApexTiger
Send China a bill for Covid. Reduce that amount from the amount we currently owe them - should take care of most of it
Posted on 10/5/23 at 7:32 am to ApexTiger
all you have to do is for your central bank to revalue the price of gold from the current valuation to a super high number. this assumes that the USA still has gold reserves. i think canada replaced all their gold with US bonds. i read an article where the head of the dutch central bank said this was an option.
Posted on 10/5/23 at 7:33 am to ApexTiger
Posted on 10/5/23 at 7:34 am to ApexTiger
This system seems destined to spur on corruption and eventually collapse.
And it looks like this outcome is BY DESIGN.
Posted on 10/5/23 at 7:37 am to TrueTiger
quote:
And it looks like this outcome is BY DESIGN.
fiat money policy
Posted on 10/5/23 at 7:37 am to ApexTiger
The most obvious is to never pay back. Second option would be to over inflate money supply, think a 100.00 for a loaf of bread. They would pay yesterday’s money back in useless money. They of course would need to reign in the money they over inflated to bring down the price of that loaf of bread scenario but probably fail, cause massive deaths around the world along with war. Third option is tho make government debt go away causing collapse of probably every country, banks, largest companies and have a third world world for awhile. This is the most likely scenario
Posted on 10/5/23 at 7:38 am to bamaswallows
quote:
should take care of most of it
no
Posted on 10/5/23 at 7:40 am to ApexTiger
Total world domination.
Posted on 10/5/23 at 7:42 am to ApexTiger
quote:
start over with no national debt
Just cancel the debt, by executive decree. It's as simple as that.
Posted on 10/5/23 at 7:45 am to ApexTiger
Posted on 10/5/23 at 7:45 am to ApexTiger
Excellerate?? C'est quoi ça?
Posted on 10/5/23 at 7:47 am to ApexTiger
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.
There's no country that's going to come get their debts from the US.
Except maybe China.
Posted on 10/5/23 at 7:49 am to mahdragonz
We can’t . What we will do is inflate the heck out of our money to pay it off.
Posted on 10/5/23 at 7:51 am to ApexTiger
quote:
Then they can just as easily cancel the debt to pay it back, right?
The minds of poorly educated southern males is fascinating.
How about raising taxes back to the level of the Revenue Act of 1964.
Posted on 10/5/23 at 7:53 am to ApexTiger
quote:
Things just excellerate from here.
Posted on 10/5/23 at 7:59 am to dr
quote:
fiat money policy
Yes.
And once you deploy that system, the final outcome can't go anywhere but eventual corruption/collapse.
It's predestined.
This post was edited on 10/5/23 at 8:25 am
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