United States Debt...?

Question

If you were president of the united states , what would be your plan to reduce the national debt?

Answer 1

Well you cant get out of debt when you spend more money than you make.
Government needs to cut spending.

People hear national debt and its a concern, but honestly very few know what exactly the debt is and how it works. Its very very complicated in its entirety.

First thing, Flat tax system. that would cut alot of administrative costs that government spends trying to collect taxes.
Cut pork barrel projects theres several hundred million dollars money being spent on programs that are of little use.

those 2 are where I would start. After that I guess I would have to have a review of the budget in detail to work on further improvements.

Answer 2

NO sparkling-cut back solutions I hate to disappoint you yet there relatively are no solid solutions on your questions. before everything the debt hasn’t tripled. it relatively is around 16T at present. yet this purely a trivial tidbit. DEBT despite if or no longer out debt is extreme or low in assessment to different countries is beside the point. Debt is basically considered one of the climate that investors study whilst comparing a rustic’s financial wellness. So a particularly extreme debt could be insignificant for people who positioned their money into u.s.. the yankee government is probably no longer harm via the debt in any respect. some human beings choose for to hype up the ‘debt disaster’ around election time. u.s. has had debt for the final 2 hundred years. particularly much each and every u . s . in the international has a countrywide Debt. it relatively is how countries perform regularly. for this reason it relatively is annoying to confirm who’s debt constitutes a disaster purely based upon logistics. Such debt might desire to bring about actual procedural problems in society with a view to be evaluated. destiny no one can properly anticipate what's going to ensue with the debt sooner or later. destiny generations are continuously paying the debt for previous generations. some human beings will declare that u.s. is a declining superpower; others enable you to appreciate that it is not. the two factors will make lifelike arguments. yet no one can definitely enable you already know if u.s. would be increasing or declining in 2 an prolonged time. end The lesson from all of it relatively is which you shouldn’t be rapid to have self belief what you examine or hear. Do your very own study and discern it out for your self. people who choose for Obama’s opponent to win the impending election enable you to appreciate that u.s. is doing horribly and that the country is going to hell. people who choose for Obama to win enable you to appreciate that u.s. is recovering and that it relatively is as solid as ever. surprisingly adequate, the two factors can use many stable factors to help their place.

Answer 3

I would do exacelty what Clinton did to balance, and keep balanced, the budget. He implemented the Pay-As-You-Go system. This system basically forbids Congress from spending more than it has.

I would also reform corporate welfare.

Answer 4

Create individual social security accounts by letting people invest their money in U.S. Savings Bonds only -> that way you've solved two problems in one. Now everyone has retirement savings that belong to their family even if they die before they reach retirement age, and the U.S. has a guaranteed way to finance the debt for the forseeable future.

Answer 5

Cap Welfare, Social Security, Medicare, and Medicaid disbursements. As GDP grows, surplus revenues would pay off the debt.

Edit: Thanks for the thumbs down. Fact is, 60% of the Federal budget funds everyone's precious "entitlement" programs. Until these programs are addressed, any other measures are pointless.

Answer 6

reform tax laws... actually cut taxes 3-5 percent for everyone, but CLOSE DOWN LOOPHOLES which would simplify the tax code...

it would generate a tremendous amount of revenue... it's amazing how much income is hidden... legally even...

also, couple that with spending cuts... only give companies that are in trouble cooperate welfare (not those making all-time record profits), CRACK DOWN on welfare abuse... get it to those who need it, not those who abuse the system...

and really crack down on government waste by making VERY STRICT laws on abuse of tax dollars... like send them to maximum security federal prisons... if 8 billion disappears, many people go to jail for a long time... no club fed for 2 years

Answer 7

stop the spending. it is out of control.... I would also hire an outside, non government auditor that accounted for every dollar spent of taxpayers money.

Answer 8

Debt tax .1 cent tax on everything .That ought to do it .

Answer 9

Stop the war in Iraq and instead pay the debt.

Answer 10

I would wield the veto pen and use it frequently on the budget that Congress submits.