Posted on Oct 7, 2016
The Question just begs to be asked. With the National Debt approaching $20 trillion, how are we paying it off? Reducing it?
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Posted 8 y ago
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That's a helluva good question. There's not enough money or credit to repay it. So we're just printing money debasing it's value. In other words, we're paying pennies on the dollar. To really pay it down with currency of real value, we must create new wealth. However, that won't happen until the government stops getting in the way. Reduce government by half. That would be a good start
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Sgt Wayne Wood
Yeah... but you know who gets cut... Armed Forces.... heaven forbid that our political masters do without a bj or rub & tug
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SMSgt Lawrence McCarter
The only US President ever to balance the budget without a major raise in taxes and not even operating in the red was Andrew Jackson. President Jackson expressed it well as He said " The Government should be run the way You run Your household, if You can't afford it You don't buy it !" He received a budget in the red, put it in the black and His replacement as President put it right back in the red. Only one other time did it ever reach the black at all more recently was done by a major raise in income taxes by President Clinton in Hi last two years in office by sticking His hand in our pockets and giving us the worst screwing on income taxes in the History of the United States. I should know, that is the only time ever I had to take all the money I had placed in My savings account for the entire year and pay income tax with it. The only relief I had was getting a refund on My state income tax. I was having extra money taken out already to offset the already increasing taxes which worked except then. To bad there has never been another to have the attitude President Jackson had and cut out the waste in Federal Government spending.
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with every day that goes by we print more currency. inflation is not appearing because our economy is stagnant. every new dollar we print diminishes the value of ALL dollars. The world system is predicated on a stable dollar, which no longer is stable. anybody see what's happening?
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CPT Pedro Meza
Sgt Wayne Wood - Time will tell what happens to ACA, me I am concerned about all these strange illness and diseases that make the ACA a necessity.
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CPT Pedro Meza
Sgt Wayne Wood - That is kind like Trump declaring a loss on his income tax when he did not loose his money but his investors money.
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Sgt Wayne Wood
Go ahead and tell me YOU read that filthy beast... i tried to. If not tax, then what? And quote me Chapter & verse, i STILL have a pdf copy of that whore.
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Until everyone realizes it is going to take everyone's sacrifice to get the debt back in check, nothing will happen. The size of government has gotten way out of hand. Example for me: Home Land Security is redundant to the FBI. Some will say no they do way more, but was charged with this for so long. Also untie the Border Patrol and let them do their jobs as well.
Realize we "Can't save the World". Why are we loaning money to every tom, dick and harry nation across the world when we are borrowing money from China and other countries? Cut out the middle man and let tom, dick and harry ask China for money.
Until Congressmen stop being Democrats and Republicans and start being Americans nothing will happen. Too much thinking of themselves instead of the people who voted them in office. Make it illegal for money grubbing lobbyists to be with in a 100 miles of D.C. and if a Congressman misses a vote they loose their pay for a month. Start docking Congressmen's pay for failure to act.
Revamp the tax laws. I know this will hurt some, but make a flat 15% tax across the board, no ifs, ands or buts. People will say this will hurt the charities, but we got to understand, once we start down the road to "serious" recovery, everyone is going to pay, everyone is going to feel the pinch.
Get rid of the Federal Reserve. This is nothing but a bunch of money grubbing bankers slowly bleeding our nation to death. We already have a Department of Treasury, this was suppose to be it's job. Once we fell off the gold standard we got screwed. I really doubt we could go back to it now, but it would be nice.
Everyone getting food stamps, welfare and such needs to start working for their money. We can't continue to be a welfare state and get out of debt. Too many people want to sit around doing nothing and get paid for it. There is plenty of work they all could do a minimum of 20hrs a week to start.
This isn't much and don't know if it would really help, but it is a turn down the right road.
Realize we "Can't save the World". Why are we loaning money to every tom, dick and harry nation across the world when we are borrowing money from China and other countries? Cut out the middle man and let tom, dick and harry ask China for money.
Until Congressmen stop being Democrats and Republicans and start being Americans nothing will happen. Too much thinking of themselves instead of the people who voted them in office. Make it illegal for money grubbing lobbyists to be with in a 100 miles of D.C. and if a Congressman misses a vote they loose their pay for a month. Start docking Congressmen's pay for failure to act.
Revamp the tax laws. I know this will hurt some, but make a flat 15% tax across the board, no ifs, ands or buts. People will say this will hurt the charities, but we got to understand, once we start down the road to "serious" recovery, everyone is going to pay, everyone is going to feel the pinch.
Get rid of the Federal Reserve. This is nothing but a bunch of money grubbing bankers slowly bleeding our nation to death. We already have a Department of Treasury, this was suppose to be it's job. Once we fell off the gold standard we got screwed. I really doubt we could go back to it now, but it would be nice.
Everyone getting food stamps, welfare and such needs to start working for their money. We can't continue to be a welfare state and get out of debt. Too many people want to sit around doing nothing and get paid for it. There is plenty of work they all could do a minimum of 20hrs a week to start.
This isn't much and don't know if it would really help, but it is a turn down the right road.
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Sgt Wayne Wood
Whoa SarMajor! Let that keyboard cool off! You hit about every nail squarely on the head! Only source of disagreement. Business... businesses & businessmen are going to do what they do... the problem lies in collusion between politics and business... it's called corruption for a reason. Why is it we castigate the guy who pays the bribe & reelect the low-life that TAKES IT?
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