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How would you solve the national debt problem?

  1. Peter Dimaira profile image60
    Peter Dimairaposted 3 years ago

    I am just curious what most people will answer with, but I think I know what the answer is going to be....

    1. Peter Dimaira profile image60
      Peter Dimairaposted 3 years ago in reply to this

      has anyone given thought to what taxes would be brought in and how much money we would save if we regulated drugs? Or even done some quick math-or research the states boost in revenue that have legalized? just curious I watched a youtube video and that inspired the question

      1. psycheskinner profile image82
        psycheskinnerposted 3 years ago in reply to this

        But what costs would increase also?  Alcohol is arguably very expensive for our society via road death, health care, lost of working/parenting ability through addiction etc.

        1. Peter Dimaira profile image60
          Peter Dimairaposted 3 years ago in reply to this

          I agree with you I don't drink because of that, but It is really the peoples irresponsibility that affects that. The incarceration of several users in fact 88 % of county jail population would be better off with no court involvement and only fines. If it is government regulated that will lead to bigger arrests and as far as the arrests now by the border they recover millions in cash per day where does that go do you think? idk its just a topic in which I would value oipinions

  2. 0
    Grey Templesposted 3 years ago

    First, the American government needs to stop the endless waste of money.  Honestly, $8 million for parachuting dead mice into Guam to kill snakes and of course the purchase of Russian Choppers.  My Goodness, I do believe a new Government is needed

  3. ahorseback profile image48
    ahorsebackposted 3 years ago

    The most important single issue with our government spending today is the epidemic of apathy  in the American voter ! Who is your congressman[woman] do you even know ? America just doesn't freakin care enough!

    1. 0
      Grey Templesposted 3 years ago in reply to this

      Not anymore they do not.  A pity actually.

  4. EGamboa profile image85
    EGamboaposted 3 years ago

    Tax super-funds 20%, start with that.

  5. psycheskinner profile image82
    psycheskinnerposted 3 years ago

    1) Balance the budget, including making disaster respond in budget (there are disasters every year so there should be a fund to cover this need).  You can only start to pay down debt when you stop creating even more debt.

  6. CHRIS57 profile image60
    CHRIS57posted 3 years ago

    For the US of A: Is there a National Debt Problem in the first place?
    Aggregate public debt stripped of intergovernmental loans is some 78% of GDP. Total debt of all participants in the economy (public, private household, corporate and financial business) is some 300% of GDP.

    Where is the big issue if total assets of the US giant economy is some 900% of GDP to stand in as collateral?

    What has to be done is balance budgets and reduce consumptive spending. Even though consumptive spending also contributes to the GDP, it is of use only once while investive spending (infrastructure, education..) gives payback many times the invested sum.

    This is kind of academical, but all other answers immediately lead to void political discussions (small government, big government, Chicago boys and Mr. Keynes). Even a small government can hurt economy by boosting consumptive spending and "big" government can be beneficial if focusing on the long term investment side.

  7. 82
    Education Answerposted 3 years ago

    We need to grow revenue by promoting jobs, something that doesn't seem to be as big of a priority as it should be.

    We need to cut spending across the board.  That includes everything from social programs to the military.

    1. Peter Dimaira profile image60
      Peter Dimairaposted 3 years ago in reply to this

      I agree to a certain extent I thing we should separate industry and provide more quality tax breaks for certain areas of their industry and in return to be a part of those tax breaks they keep a certain amount of employees.
      Close the borders and increase fines on company's using illegal immigrants.

      1. 82
        Education Answerposted 3 years ago in reply to this

        Yeah, we have the second highest corporate tax rate out of ALL of the countries in the world.  Corporations just go to other countries, and we lose jobs.

        I am happy to hear you mention the fact that we need to stop hiring illegal immigrants.  It costs Americans jobs and reduces our tax revenue.

        1. psycheskinner profile image82
          psycheskinnerposted 3 years ago in reply to this

          And also enough tax loopholes for many large companies to pay no tax at all.

          1. 82
            Education Answerposted 3 years ago in reply to this

            I actually agree with that point.  I believe both our tax rate and our deductions should be much, much smaller.  This goes for both our personal income tax and our corporate taxes.

  8. Disappearinghead profile image88
    Disappearingheadposted 3 years ago

    Sell off chunks of the country and industries to the Chinese?

    1. Peter Dimaira profile image60
      Peter Dimairaposted 3 years ago in reply to this

      LMAO!

  9. Mitch Alan profile image84
    Mitch Alanposted 3 years ago

    Return to a Constitutional basis for deciding what the federal government should even be involved in and spending on...Adhere to the enumerated powers and the restrictions of the 10th Amendment...put back to the people and the States anything not specifically given to the federal government...Allow for more privatization and less corporatism...that's a start!

    1. Peter Dimaira profile image60
      Peter Dimairaposted 3 years ago in reply to this

      nice

  10. Zelkiiro profile image83
    Zelkiiroposted 3 years ago

    Not wasting trillions on pointless wars as we have been since 2003 would be a nice start.

    1. Peter Dimaira profile image60
      Peter Dimairaposted 3 years ago in reply to this

      a lot longer than that for sure

 
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