How do you think the US of A should handle their debt?
Forums › General Discussion › How do you think the US of A should handle their debt?-
I was wondering do you guys have any thoughts on this and if so feel free to explain.
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Stop spending much!
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By making 😡ҝعყʂعཞ😈Տȫƶع😡 pay $1800.
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Stop spending more than we make. Pretty simple really. It should be the same for the government as it is for us. It's usually better to spend within your limits, then to hope for a raise. It's healthier too. Make a budget & stick with it. Otherwise, no matter how make, you will always find a way to spend more.
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Cut social security and unemployment. Or at least raise the age of retirement so then maybe there will be more money put in, then taken out. Maybe if Congress stopped putting off the budget plan something would get done.
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Tweek wrote:
LolBy making 😡ҝعყʂعཞ😈Տȫƶع😡 pay $1800.
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Stop creating money out of thin air for starters... Or maybe have Congress Coin and Regulate the countries money system like the Constitution states in Article 1 Section 8 ... Just an idea 👊
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⌖ ᎷᎡ. ᏚᎷᏐᎢᎻ ⌖ wrote:
Yeah no. SS is off budget - like a trust. So an easy solution for any deficit that does show up on the budget is to raise revenue/remove the cap on paid in ss. We don't have to get rid of the American Dream of 40 hour weeks and life after retirement to fix this. It's a simple ss revenue increase, not quality of life decrease.Cut social security and unemployment. Or at least raise the age of retirement so then maybe there will be more money put in, then taken out. Maybe if Congress stopped putting off the budget plan something would get done.
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Stop going to war
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Stop trying to police the world.
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TrailerTrash wrote:
👏👏👏👏👏Stop trying to police the world.
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Non-military discretionary spending is the lowest it's been in decades. Most of the debt is intergovernmental, money we owe ourselves. Most governments carry debt, much of it to it's own citizens. Holders of T-bills are very content with their returns on the interest we pay on our debt. Most of those holders of treasury bills are Americans. It's not even remotely comparable to a household budget unless you've got a really bizarre household.
The solution is to do what Republican President Dwight Eisenhower did after WWII; create a huge government jobs program. Invest in our future and pump some money into the middle class for a change. Create some consumer demand, it works every time. We need to abandon this failed supply side experiment. It's been tried for 30+ years and all it's brought us is looming austerity. -
★Λddi★ wrote:
I definitely agree that all income should be subject to Social Security taxes, which would go a long way toward making the program sustainable. However, the whole idea of the "Social Security Trust Fund" is basically a fraud. All that is in the trust fund is I.O.U.s (T-bills). In order to actually pay those benefits the government will still have to raise taxes, cut spending, or dig us deeper into dept. There is no big pile of money that Social Security can just draw down. I wish there was.⌖ ᎷᎡ. ᏚᎷᏐᎢᎻ ⌖ wrote:
Yeah no. SS is off budget - like a trust. So an easy solution for any deficit that does show up on the budget is to raise revenue/remove the cap on paid in ss. We don't have to get rid of the American Dream of 40 hour weeks and life after retirement to fix this. It's a simple ss revenue increase, not quality of life decrease.Cut social security and unemployment.✂
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But to answer the original question: raise taxes and cut spending. The devil, of course, is in the details.
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A Treasury Bill is an IOU in the same sense that paper money is, backed with the full faith and credit of the United States. If anyone has some worthless IOU T-Bills they don't want, I'd be happy to take them off your hands for pennies on the dollar. You know, since they're just IOU's lol.
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http://metronews.ca/news/world/393170/portugal-makes-peace-with-the-war-on-drugs/
Surprised nobody else has mentioned this already. -
Ӈཪ༱عɗ☠ᏩᎧེ͜Ꭷེℵ wrote:
👆👆👆correct that's the best place to start. The constitutionStop creating money out of thin air for starters... Or maybe have Congress Coin and Regulate the countries money system like the Constitution states in Article 1 Section 8 ... Just an idea 👊
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I didn't say that this Trust/Insurance wasn't being used like a piggy bank to pay our bills. It is. That doesn't make it the problem though. That makes it one of the band-aid's for overspending and under revenuing. Just because our government has decided to use our retirement fund to pay for excessive, unsubstantiated war and other needed things rather than increasing revenue is not the problem of the SS trust or any "entitlement" program for that matter. You don't cut off your nose to spite your face. You raise taxes. The biggest one being tariffs or VAT tax - that of which are basically nonexistent now. This will bring our money and jobs back to our soil, which will in turn lift up the other 99% of the population. The deindustrialization of the US is what is breaking us and if it continues we will eventually collapse. That is no joke. The joke is talking about these other things as if they hold any significance to the true problem with our economy - duped into carrying water for the rich.
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⌖ ᎷᎡ. ᏚᎷᏐᎢᎻ ⌖ wrote:
SS is non-discretionary. That means it can't be cut. Unemployment is not paid by the government, it's a state-run employment insurance program. Educate yourself before you try to argue with others.Cut social security and unemployment. Or at least raise the age of retirement so then maybe there will be more money put in, then taken out. Maybe if Congress stopped putting off the budget plan something would get done.
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Round up all of our jewelry and take it to cash4gold. I hear they pay top dollar.
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★Λubergine★ wrote:
Also, raising the retirement age would make it hard for younger people to get jobs.⌖ ᎷᎡ. ᏚᎷᏐᎢᎻ ⌖ wrote:
SS is non-discretionary. That means it can't be cut. Unemployment is not paid by the government, it's a state-run employment insurance program. Educate yourself before you try to argue with others.Cut social security and unemployment. Or at least raise the age of retirement so then maybe there will be more money put in, then taken out. Maybe if Congress stopped putting off the budget plan something would get done.
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legalize marijuana and tax it just like alcohol. the debt would be gone within 5 years.
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★Λubergine★ wrote:
I'm pretty sure they run that line of bull every thirty minutes or so on Fox entertainment news. That counts as education right?:P⌖ ᎷᎡ. ᏚᎷᏐᎢᎻ ⌖ wrote:
SS is non-discretionary. That means it can't be cut. Unemployment is not paid by the government, it's a state-run employment insurance program. Educate yourself before you try to argue with others.Cut social security and unemployment. Or at least raise the age of retirement so then maybe there will be more money put in, then taken out. Maybe if Congress stopped putting off the budget plan something would get done.
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☣τħε ĵƲɖĢε☣ wrote:
🎉🎉🎉👏👏👏👏👏👏👏Stop going to war
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photofinish wrote:
Do you have anything to back this claim up?legalize marijuana and tax it just like alcohol. the debt would be gone within 5 years.
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Stop asking money from China.
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Pipeline from canada is a start...👍
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charzar4956 wrote:
Some say World War II ended the great depression and boosted the american economy.☣τħε ĵƲɖĢε☣ wrote:
🎉🎉🎉👏👏👏👏👏👏👏Stop going to war
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Balance transfer to credit card with 0% interest for first 6 months & then transfer to next CC 6 months later, rinse, wash, repeat. See, debt free. That was easy
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They should actually save money for project instead of writing a bond. Labor is cheap when you have it done somewhere else than our own country. Instead of exporting goods America is a consumer. We need jobs to stay here and make more than what we buy.
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★Λubergine★ wrote:
Non-discretionary simply means that UNLESS CONGRESS CHANGES THE RULES it can't be cut. It can and will be cut (either by decreasing benefits or delaying eligibility) or taxes will be raised to cover the difference. It's not sustainable over the long haul in its current form because of simple demographics. Similarly, an entitlement is something the government has to give you - unless it changes the rules.⌖ ᎷᎡ. ᏚᎷᏐᎢᎻ ⌖ wrote:
SS is non-discretionary. That means it can't be cut. Unemployment is not paid by the government, it's a state-run employment insurance program. Educate yourself before you try to argue with others.Cut social security and unemployment. Or at least raise the age of retirement so then maybe there will be more money put in, then taken out. Maybe if Congress stopped putting off the budget plan something would get done.
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