How would you get the nation out of debt?

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  1. poetvix profile image69
    poetvixposted 7 years ago

    How would you get the nation out of debt?

    As you may have heard, S&P downgraded the nation’s credit rating.  They are now, a day later, threatening to do it again.  This is serious.  We have to get the nation out of debt.  What ways would you propose to reach said goal?

  2. kentuckyslone profile image84
    kentuckysloneposted 7 years ago

    The first thing I would do is downgrade the president and other elected officials. They are making way too much money and are living in the lap of luxury and waste while they cry that they need more money.

  3. poetvix profile image69
    poetvixposted 7 years ago

    I agree with you Kentuckyslone.  They are overpaid.
    I can think of a few more ways they are bleeding us that we need to end.  First, what is up with all the paid vacations?  Most of us are limited to a few weeks paid vacation a year.  Why should they be any different?  When we take our families on vacation, we pay for it.  So should they.  Not only are we paying for Mrs. Obama’s lavish vacations but for her entourage as well.  Secondly, during travel to and from supposed governmental business our duly elected politicians charge up outlandish drink bills that we have to pay.  This should not be a taxpayer expense.

  4. profile image0
    Old Empresarioposted 7 years ago

    https://usercontent1.hubstatic.com/3675488_f260.jpg

    Kentuckyslone has a point. The travel and lifestyle expenditures of elected officials in general and the president in particular are too extravagant. Presidents of our republic used to have to pay for their own meals and travel and even their own state dinners. If our "leaders" want their citizens to be more sensible and austere, they need to set the example and stop playing with our money. But most important of all, we need to end foreign entanglements and withdraw our military forces from Afghanistan, Iraq, and even overseas bases. We need a general reduction in military spending. The military is draining the federal treasury just as militaries have done for centuries.

  5. American View profile image61
    American Viewposted 7 years ago

    First a 5% cut across the entire federal government, every budget, every paycheck except Congress. Congress takes a 15% pay cut, the President takes 25% pay cut. Next cut the waste. Like the NSF funding. Paying for study on mating habits of bees, shrimp on tread mills, study of Jell-o wrestling and more.

    Redo the tax code. No more deductions Flat tiered tax rate. The lower income pays 5% increases as you make more capping at 39% for upper income. That gets the 50% not paying to pay taxes. Next do the same to business tax code. Then those who hide from paying taxes because they base the business overseas get taxed in the money the make in the US. Then punish those who send jobs overseas. Tax the employees who live overseas with federal withholding taxes. All these will create a lot of revenue

  6. profile image0
    Dandraposted 7 years ago

    De-stupidise America - living on fake riches, borrowed time and borrowed money = poor credit rating.  Oh, and keep feeding the corporations that fuel your debt.

    Wah wah wah - it's always the Government's fault. What are doing for YOURSELVES?

  7. poetvix profile image69
    poetvixposted 7 years ago

    How to get America out of debt - This is a list containing my top ten ideas and some recent additions. read more

  8. BakerRambles profile image83
    BakerRamblesposted 7 years ago

    Infrastructure, infrastructure, infrastructure.  I believe if we focused on road systems, railways, and allowed larger trading among canada and Mexico, then towns would grow along rail lines and cause faster domestic economic interests.  This process along with environmental solutions from electric, hydrogen, and helium driven vehicles, or simply from methane production derived from human wastes, we could potentially cut costs by half.  Did you know the the price for gas in Kuwait is .50 cents...just saying.

  9. uncorrectedvision profile image61
    uncorrectedvisionposted 7 years ago

    Speaking only for the US National Debt.  I would cut 10% across the board of all Federal jobs, elected, appointed and all civil service.  Wages, benefits, budgets - real budgets. 

    Require clear and complete budgeting and no more kicking the can down the road.  It has been over 800 days since the last budget worked its way through Congress. Congress has ignored its Constitutional responsibility and should go unpaid until they do their job and pass a budget.

    A flat tax or the Fair Tax would be preferable to the crazy Gordian's Knot of a tax code we have now.  Eliminate all taxes collected by a third party - corporate taxes, estate taxes, capital gains taxes.  Taxes distort the direction and velocity of money.

    We are in a recession that is so intractable as to be a Depression.  Raising taxes is a terrible idea but so is allowing huge amounts of authority over monetary policy to be set by a private banking cartel that is unresponsive to anything but its directors goals.

    Audit the Federal Reserve.  De-fund useless Cabinet Departments.  Devolve authority and responsibility for Education, Energy, Housing, Labor and Commerce to the states where those endeavors are more efficiently managed.

 
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