2006-08-23 00:22:24 · 15 answers · asked by targin1 1 in Politics & Government ➔ Politics
continued tax cuts will continue to grow the economy which will continue to yield record taxable income, from which the government can continue to receive record tax receipts, with which they can continue to pay down the debt ahead of their own repayment schedule.
As a side note, if you are really that worried about it you can donate your tax return or make a gift to reduce the public debt by going here: http://www.publicdebt.treas.gov/opd/opdgift.htm
Also, please realize that to reduce to national debt to 0 would destroy the treasury markets- affecting not only the many pensions that rely on them to fund their pensions, but the jobs their market creates.
2006-08-23 00:27:11 · answer #1 · answered by Anonymous · 0⤊ 1⤋
We can't. Now if you want some ideas on HOW to. First pass a Balanced Budget Amendment. That would require Congress to live within their means. Next legalize weed with the taxes and such going straight to paying off the debt, NOT into the General Fund. Also with that balanced budget make sure to write in that Congress CAN'T give themselves a raise short of having a surplus the prior year. Oh and all that surplus also will go into paying off the debt. Now none of my plans will go into place BUT you asked for an idea not something that will happen.
2006-08-23 01:15:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I offer the same advice on national debt as I would on personal debt. First, stop spending more than you make. For the government, that means spending must be limited to the amount of revenue from taxation. This just stops the debt from growing though.
To eliminate existing debt, spend less than you take in (live within your means). Additionally, sell off assets and use the proceeds to pay off debt. In the case of our government, they own many assets that have nothing to do with government. For instance, the federal government owns most of the land in the state of Nevada. Sell it!
2006-08-23 00:34:44 · answer #3 · answered by ddmoit 2 · 0⤊ 0⤋
The answer to this is pretty long, and when you are interested in this topic i can suggest to read the book called "The creature from Jekyll island" written by G. Edward Griffin.
In essence: Get rid of the (so called) Federal Reserve, about which is nothing "federal". It is a central bank owned by other (privately held) banks.
Reinstate the gold-based currency again.
That is the short explanation. The long one would take hours of typing.
2006-08-23 00:27:46 · answer #4 · answered by The answer man 4 · 1⤊ 0⤋
Print up enough money to pay off the national debt and stop over spending.....)(
2006-08-23 00:29:44 · answer #5 · answered by MissKathleen 6 · 0⤊ 1⤋
Getting rid of overspending Republicans would be a good start.
2006-08-23 00:28:19 · answer #6 · answered by Gungnir 5 · 0⤊ 0⤋
well that's way there planing the war against Iran, to revitalize the war industry, the same was done to pas the great depression
2006-08-23 00:25:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
set up an account and get a dollar for every time a liberal whines it will be paid off in no time
2006-08-23 03:34:48 · answer #8 · answered by clinton_planned_9/11 2 · 0⤊ 0⤋
Sell the country to as close a democratic country as we are...
2006-08-23 01:34:03 · answer #9 · answered by Aan 3 · 0⤊ 0⤋
keeping taxes low and letting our economy keep growing the way is with W's tax cuts
2006-08-23 00:42:25 · answer #10 · answered by sealss3006 4 · 0⤊ 0⤋