Reducing the U.S. national debt.?

Question

If you had control of the U.S. government, what would you do to help eliminate our U.S. national debt?

Answer 1

I'd eliminate Free Trade Agreements and start working on fair trade instead. Incoming products would be tarrifed to make their cost equivalent to the cost of US manufactured goods.

If we can't protect our industry, we can never correct our debt.

Another need is to eliminate the Federal Reserve. Every time we have a spending bill, a Fed bank issues us a loan that we need to pay back at interest, because our treasury is empty. Our taxes end up making interest payments rather than paying for budgetary needs.

Finally, we need to stop sending US dollars overseas as foreign aid packages. We're a nation in debt and we can't afford to continue funding others when our own house is not in order.

Addressing these issues would be a good start.

Answer 2

First of all I'd fire most of those in power today. This administration has been a huge contributor of the National debt we have right now. It will take so many years to undo what Dubya has done, that it's really hard to say where to start getting to the bottom of this smelly mess.

Answer 3

tighten the belt... look at where we are spending money and cut it down... we're spending BILLIONS in Iraq... it's time that they learned to stand on their own... five years and they still need just as many troops now as they did 4 years ago? where is the progress...

and cooperate welfare... tax cuts to oil/health care companies are costing billions in revenues... and these are companies making billions that can afford to pay much more than any normal person...

everyone looks at cutting out the guy getting $500 a week... if you cut out one guy/company getting a billion in tax breaks... that makes up for a lot of the guys getting $500 a week... start with what would save the most money, most quickly

Answer 4

isn't it slightly too overdue? have not the politicians "bought" maximum of our effective resources in this united states? overseas international places own our prestigious homes, they're actually procuring our bridges and toll roads--i could not believe that they are allowing overseas international places to purchase toll roads--i wager they could't make certain out that terrorists might want to easily be procuring those roads and bridges to plot destiny attacks on united statesa.? i'm in my opinion prepared to sacrifice regardless of it takes so i visit die understanding my grandchildren can stay in the U. S. and do not ought to flee to a unique united states. innovations: a million. Any company outsourcing artwork to overseas international places might want to ought to pay a serious penalty tax- regardless of each little thing, those were american jobs should you won't be able to discover the money for to pay taxes anymore because they're unemployed. 2. Tax tables for the wealthy and richer should be higher --definite, they might now be paying 40% yet that percentage nevertheless figures out to be a lot lower than what the middle type is being taxed at in evaluation to their gross wages. 3. Immigration must be dealt with, era. there is an predicted 20 million unlawful extraterrestrial beings-- meaning the volume should be about 30 million if their admitting to 20. In my section on my own- and that i stay in NE PA, no the position close to a border- Mexicans own autos, are given authorities loans to purchase houses and our colleges are literally having to employ bilingual instructors to coach their children---on the fee of the taxpayer. 4. each and each and absolutely everyone human beings is a descendant of an immigrant except we are section Indian. Our ancestors got here her through boats and no individual became waiting to furnish them a helping hand- no nutrition stamps, no freebies in any way, genuinely, in case you examine The Ellis Island archives of your ancestors they fairly record how a lot funds THEY got here INTO the rustic WITH AND WHO THEY were GOING TO stay WITH in this united states AND the position THEY were finding TO. there became no such aspect as having someone translate English to them- they had to earnings the perplexing way...and that is time our united states receives frustrating and returns to the "old values" of the U. S..

Answer 5

Raise taxes and stop excessive spending. Once the debt was paid off, taxes could be lowed to only the amount necessary to run the government.

Answer 6

Eliminate welfare and stop giving illegals free crap. Everyone pays flat tax percentage rate, no deducs or refunds.

No more fancy schmacy parties for politicians and decrease political spending as much as possible.

Answer 7

I would slap the Senator,or representative next to me & tell them to put the money back where it belongs & keep outta the piggy bank!
Millions are spent on lottery tickets every day & we are taxed to death!Now who wants to dispute that someone is stealing ?Has to be!I haven't seen any improvements in our existing roads or in the schools,where it is supposed to go!

Answer 8

Legalize and tax marijuana

Put an end to off shore tax havens for corporations and wealthy individuals

Stop invading other countries at a cost of 150 billion per year...

I could go on for days....

Answer 9

Declare all debts null and void.

But seriously, a comment on those less than illustrious people that have spoken prior to me .... what illegal gets any benefits? lol

To get benefits you must prove your status, illegals pay into the system but they don't get any benefits. Think about it for a minute, if you do away with your documents and show up somewhere asking for benefits, will you get them? exactly. lol

Answer 10

Get corporations off welfare.

Stop subsidizing the logging industry.