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Pseudo National Debt Lottery: Here's a Thought for National Debt Reduction

Updated on January 15, 2016

A Look at Something Interesting

People, in general, have gotten together for the past eight years and complained to each other about the national debt. The country claims to have a multi-trillion dollar national debt which many feel is unapproachable as to paying it off.

Here's My Thoughts on the Matter

Suppose we get together a new lottery. We call it the National Debt Lottery. Tickets can cost anywhere from $1 to $100 to get in. As ticket sales grow across the United States, the tally goal will be $3 Trillion dollars [or whatever it grows to once the $3 trillion dollar goal is met]

When this goal is reached, the draw for winners will commence. One draw from each of the 50 states for a lottery winner, PLUS, each state will also receive $1 million dollars for their treasury, thus giving each state money for operation.

Figuratively Thinking

Since people are already willing to purchase lottery tickets, since we watch the lottery on a weekly basis and the money to enter is definitely fluid and out there, why not channel all that financial energy towards creating financial freedom?

Historically Speaking

If you read about the history of the United States, the national debt has been there since day one. If you read about it, there were the founding fathers and they had a debt already.

At today's money, the amount of the national debt back in 1776 seems trivial, but - in comparison to money today - the amount was enormous. I have to find the details, but I thought that the amount was $400,000, which in 1776 was a lot of money. Probably not totally comparable to having an excess of trillions of dollars in debt, but I'm sure that the population of the United States at the time was markedly less than today.

Who is in Charge of the Lotteries?

Well. Doesn't that seem like a viable alternative.

People have expressed opinions that there should be more than one winner. Having a winner in each state should satisfy that need.

Granted, one million dollars is not a lot when you are talking $3 Trillion dollars, and that is why giving a million to fifty winners wouldn't be a big problem for payout. Fifty million dollars would be quite manageable...and fifty more wouldn't break the lottery bank for giving each state $1 million dollars also.

People Seem Willing to Join These Organizations

How About You

Don't You Agree that there should be a National Debt Lottery that Runs Monthly?

See results

Hey, Charlie - I Think This is Not A New Idea

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    • lawrence01 profile image

      Lawrence Hebb 22 months ago from Hamilton, New Zealand

      It's a novel way of dealing with the national debt. Over here in NZ lottery winnings are capped at $30,000,000 and no one minds as thats enough for anyone!

    • Larry Rankin profile image

      Larry Rankin 23 months ago from Oklahoma

      Interesting perspective.