In your opinion, what is the most effective way to address the national debt?💵

[TFSF]

 

[TheResister]

Return to constitutional taxation

1) Audit and then abolish the Federal Reserve
2) Cut federal regulatory agencies in half
3) Shut down BATFE, giving alcohol and tobacco cases to the DEA and any gun violations to the FBI - which would mean cutting anti-gun regulations by half
4) Eliminate the federal Dept. of Education
5) Get the feds out of welfare
6) Cut foreign aid in half

That's my short list

 

[TheNJNole]

FISCAL RESPONSIBILITY

STOP PRINTING $$$$$$
CUT THE BUDGETS
TRIM EMPLOYMENT in the PUBLIC SECTOR

 

[STMF2X]

Tax Billionaires obviously.

You know what amazes me about the progressive left is people worth 9 figures are in the good column, they are still considered good everyday citizens. But people worth 10 figures are evil, and everything that is wrong with the world.

 

[Ackbach]

I would argue, actually, that the government should cut spending AND taxes. Cutting spending seems obvious to me. Cutting taxes, perhaps a bit subtler. The fact is that revenue and tax rate is not a linear relationship - think of it as an upside-down parabola. Initially, as you increase taxes, you get more revenue. But eventually, folks start to find loopholes, get offshore accounts, move businesses out of the US, and so revenue actually declines. I would argue that the US is on that declining side of the parabola. Hence, if we want to increase revenue, we need to encourage businesses to come back to the US by cutting taxes.

 

[weaponoffreedom]

abolish the IRS

 

[utv2316]

Eliminate the FBI, CIA, Dept. of State, Dept. of Education, IRS and virtually all federal agencies.

Seize all of the assets of the Rothschilds, Rockefellers, BlackRock and a few others.

Incarcerate 75% of Congress and seize all their assets.

 

[TheResister]

abolish the IRS

That would be more difficult, but that would be the next thing on my list. As you know, we almost did that with the Fair Tax which was started right here where I live by people I know. Had it not been for the 9 / 11 setup and the perceived "need" for National ID, that would be an item we could take off the list.

 

[TheResister]

Eliminate the FBI, CIA, Dept. of State, Dept. of Education, IRS and virtually all federal agencies.

Seize all of the assets of the Rothschilds, Rockefellers, BlackRock and a few others.

Incarcerate 75% of Congress and seize all their assets.

I'm with you in spirit, but not possible in our lifetime.

 

[Rebarcock.]

I would argue, actually, that the government should cut spending AND taxes. Cutting spending seems obvious to me. Cutting taxes, perhaps a bit subtler. The fact is that revenue and tax rate is not a linear relationship - think of it as an upside-down parabola. Initially, as you increase taxes, you get more revenue. But eventually, folks start to find loopholes, get offshore accounts, move businesses out of the US, and so revenue actually declines. I would argue that the US is on that declining side of the parabola. Hence, if we want to increase revenue, we need to encourage businesses to come back to the US by cutting taxes.

Revenue always skyrockets and treasury males bank when taxes are cut by meaningful numbers.
How about make Congress take backthe power of a balanced budget and make people work.
Safety nets yes. You hurt and can't work we got you. You are a criminal, chain gang. Wanna lay around and no do shit? Good luck

 

[Joe King]

Return to constitutional taxation

Apportionment of taxes would in fact fix it.

Can't have a big bloated gov $33+T in debt without a massive tax base with which to support it.

 

[TheResister]

Apportionment of taxes would in fact fix it.

Can't have a big bloated gov $33+T in debt without a massive tax base with which to support it.

Tax countries south of the border for providing their citizenry with a taxpayer funded education and the strain they put on police departments. They don't pay, we take their land away.

 

[Jayhacker]

Eliminate the FBI, CIA, Dept. of State, Dept. of Education, IRS and virtually all federal agencies.

Seize all of the assets of the Rothschilds, Rockefellers, BlackRock and a few others.

Incarcerate 75% of Congress and seize all their assets.

^^^^Problem solved, and then hang all these treasonous scumbags.

 

[madman71]

Abolish the Fed/all central banks, and execute all of their elite owners who have enslaved mankind.

 

[Jake Broe Stan]

Not surprised to see no serious responses to this very serious question.

Three steps would solve the problem.

1- Fix American healthcare so that it doesn’t cost double what other first world countries spend. This will single-handedly fix the government’s spending problems in relation to Medicare & Medicaid.

2- Eliminate all tax cuts.

3- Institute a flat 1% payroll tax to pay down the national debt to an agreeable number and then have it automatically suspended once that number is reached. That number could be 20 trillion or 0 (up for debate).

 

[Joe King]

Tax countries south of the border for providing their citizenry with a taxpayer funded education and the strain they put on police departments. They don't pay, we take their land away.

How 'bout just kick their asses out, and save the money?

 

[Joe King]

Not surprised to see no serious responses to this very serious question.

Three steps would solve the problem.

1- Fix American healthcare so that it doesn’t cost double what other first world countries spend. This will single-handedly fix the government’s spending problems in relation to Medicare & Medicaid.

2- Eliminate all tax cuts.

3- Institute a flat 1% payroll tax to pay down the national debt to an agreeable number and then have it automatically suspended once that number is reached. That number could be 20 trillion or 0 (up for debate).

That won't even begin to work.

Any health care stuff the gov does, is not gonna lower costs. All it does is shift the cost to the gov.

More taxes is not the answer. Lowering spending, is.

It's cute that you think the gov would ever suspend a tax. All the gov does is to find new uses for the money in order to justify keeping the tax.

The only way the gov will ever get spending under control, is if revenue dries up.

The Founders wrote apportionment into the Constitution in order to prevent the gov becoming a monstrosity such as what is is today.

 

[Joe King]

Abolish the Fed/all central banks,

If that were to happen, it would return the power of the printing press (so to speak) to congress, who would then use it to fund every asinine project they could think up.

 

[Jake Broe Stan]

That won't even begin to work.

Any health care stuff the gov does, is not gonna lower costs. All it does is shift the cost to the gov.

More taxes is not the answer. Lowering spending, is.

It's cute that you think the gov would ever suspend a tax. All the gov does is to find new uses for the money in order to justify keeping the tax.

The only way the gov will ever get spending under control, is if revenue dries up.

The Founders wrote apportionment into the Constitution in order to prevent the gov becoming a monstrosity such as what is is today.

I’d address your points if you had made an honest attempt to address mine or been even the slightest bit intellectually honest.

 

[Jake Broe Stan]

If that were to happen, it would return the power of the printing press (so to speak) to congress, who would then use it to fund every asinine project they could think up.

Troll attempt is way too obvious.

Ways The United States Can Get Out of Debt

Can the U.S. government tighten its belt enough to dig itself out of debt? Here are options to reduce the national debt, beyond cutting spending and raising income taxes.

www.investopedia.com

 

[Jake Broe Stan]

Title	Savings, 2023–2032 (Billions of Dollars)
Establish Caps on Federal Spending for Medicaid	501 to 871
Limit State Taxes on Health Care Providers	41 to 526
Reduce Federal Medicaid Matching Rates	68 to 667
Increase the Premiums Paid for Medicare Part B	57 to 448
Reduce Medicare Advantage Benchmarks	392
Reduce Tax Subsidies for Employment-Based Health Insurance	500 to 893
Reduce Social Security Benefits for High Earners	40 to 184
Set Social Security Benefits to a Flat Amount	270 to 593
Increase the Maximum Taxable Earnings That Are Subject to Social Security Payroll Taxes	670 to 1,204
Reduce Spending on Other Mandatory Programs	580
Reduce the Department of Defense's Annual Budget	995
Reduce Nondefense Discretionary Spending	332
Increase Individual Income Tax Rates	502 to 1,329
Eliminate or Limit Itemized Deductions	541 to 2,507
Impose a New Payroll Tax	1,136 to 2,253
Impose a Tax on Consumption	1,950 to 3,050
Impose a Tax on Emissions of Greenhouse Gases	571 to 865

*The numbers in the right hand column reflect billions of dollars saved over the next decade*

Options for Reducing the Deficit

CBO’s Director, Phillip Swagel, uses the agency’s latest report on budget options to illustrate ways to reduce the deficit.

www.cbo.gov

 

[Ip-tide Watercat]

Title	Savings, 2023–2032 (Billions of Dollars)
Establish Caps on Federal Spending for Medicaid	501 to 871
Limit State Taxes on Health Care Providers	41 to 526
Reduce Federal Medicaid Matching Rates	68 to 667
Increase the Premiums Paid for Medicare Part B	57 to 448
Reduce Medicare Advantage Benchmarks	392
Reduce Tax Subsidies for Employment-Based Health Insurance	500 to 893
Reduce Social Security Benefits for High Earners	40 to 184
Set Social Security Benefits to a Flat Amount	270 to 593
Increase the Maximum Taxable Earnings That Are Subject to Social Security Payroll Taxes	670 to 1,204
Reduce Spending on Other Mandatory Programs	580
Reduce the Department of Defense's Annual Budget	995
Reduce Nondefense Discretionary Spending	332
Increase Individual Income Tax Rates	502 to 1,329
Eliminate or Limit Itemized Deductions	541 to 2,507
Impose a New Payroll Tax	1,136 to 2,253
Impose a Tax on Consumption	1,950 to 3,050
Impose a Tax on Emissions of Greenhouse Gases	571 to 865

*The numbers in the right hand column reflect billions of dollars saved over the next decade*

Options for Reducing the Deficit

CBO’s Director, Phillip Swagel, uses the agency’s latest report on budget options to illustrate ways to reduce the deficit.

www.cbo.gov

taxation is theft. everything the government owns is stolen

 

[Jake Broe Stan]

taxation is theft. everything the government owns is stolen

If that’s how you feel then move to a country with no taxes.

 

[Joe King]

Troll attempt is way too obvious.

Ways The United States Can Get Out of Debt

Can the U.S. government tighten its belt enough to dig itself out of debt? Here are options to reduce the national debt, beyond cutting spending and raising income taxes.

www.investopedia.com

No trolling. It's the truth. Right now the fed controls it. Without the fed, that power would return to congress.

 

[Joe King]

If that’s how you feel then move to a country with no taxes.

How about we just go back to the type of taxation the Founders intended?

 

[Joe King]

View attachment 207969

I’d address your points if you had made an honest attempt to address mine or been even the slightest bit intellectually honest.

Are you dumb enough to actually think that continuing the type of crap that got the gov into $33+T to begin with, is the way to fix the problem?

The gov can't tax enough to continue on the spending path it is currently on. Spending has to be cut.

 

[Jake Broe Stan]

No trolling. It's the truth. Right now the fed controls it. Without the fed, that power would return to congress.

No. Congress has always had that power and still does. The Fed only does what Congress authorized by law.

How about we just go back to the type of taxation the Founders intended?

That’s what we have. You do know they are the ones that ratified The Constitution which authorizes our current tax system?

Are you dumb enough to actually think that continuing the type of crap that got the gov into $33+T to begin with, is the way to fix the problem?

The gov can't tax enough to continue on the spending path it is currently on. Spending has to be cut.

Not necessarily. Congress could easily tax enough to balance the budget at current spending levels without depleting the tax base.

That wouldn’t be nearly as effective as spending reductions coupled with tax increases.

The largest part of the problem is the Keynesian tax cuts that Congress keeps authorizing without matching reductions in spending. Washington is still living by the policies of Reagan and our national debt shows it.

Reagan and Keynes: The Love That Dare Not Speak Its Name

Conservatives have long used Keynes’s sexuality to try to discredit him, even though Reagan, in many ways, embraced his policies.

www.newyorker.com

https://www.usnews.com/opinion/blogs/scott-galupo/2011/11/01/ronald-reagan-practiced-keynesian-economics-successfully

 

[Ip-tide Watercat]

If that’s how you feel then move to a country with no taxes.

name one thing the government obtained consensually without coercion

 

[Jake Broe Stan]

name one thing the government obtained consensually without coercion

Try staying on topic but to answer your question the enlistment of millions of volunteers for the armed forces.

 

[QuanChi]

Stop giving money to Israel and Ukraine. BOOM. America saved

 

[TheResister]

How 'bout just kick their asses out, and save the money?

We have neither the capability nor the authority to simply kick people out. That is according to the United States Supreme Court.

What we can do is to force guest workers to get an Individual Taxpayer Identification Number and pay taxes. Most people here without papers opt that route because immigration status has nothing to do with owing taxes - or so says the IRS.

If the foreign governments are going to assist their citizenry coming here in droves, then those governments should be charged for what it costs us to provide border security, process their citizens, give them taxpayer ID numbers and make sure that their home country pays for any costs we incur taking care of them.

 

[TheResister]

Stop giving money to Israel and Ukraine. BOOM. America saved

While I liked your reply, the problem with Ukraine is that if we pull out, Putin will go after smaller NATO countries that worked with us. That will obligate us and we will have American boots on the ground, fighting Russia. We need to get out of NATO, then you can wave good-bye to being obligated to fight all these wars.

 

[TFSF]

X is in agreement with TFSF to cut government spending

 

[yankmenoodle]

Drain the swamp. Put true constitutionalist in the house and senate.

 

[weaponoffreedom]

Drain the swamp. Put true constitutionalist in the house and senate.

and who are they?

 

[Ip-tide Watercat]

Try staying on topic but to answer your question the enlistment of millions of volunteers for the armed forces.

these “volunteers” are paid with stolen money acquired either by tax or printing.

 

[Jake Broe Stan]

these “volunteers” are paid with stolen money acquired either by tax or printing.

Even if that’s what you think (which is certifiably retarded) then the government still acquired something without coercion which you claimed hadn’t ever happened.

The Founding Fathers acknowledged the government’s right to tax its citizens. That’s why they ratified said right into The Constitution in article I. The same applies to the government’s right to print & coin money (which is also found in article I).

 

[TheResister]

Drain the swamp. Put true constitutionalist in the house and senate.

Just the House and Senate?

 

[TheResister]

Even if that’s what you think (which is certifiably retarded) then the government still acquired something without coercion which you claimed hadn’t ever happened.

The Founding Fathers acknowledged the government’s right to tax its citizens. That’s why they ratified said right into The Constitution in article I. The same applies to the government’s right to print & coin money (which is also found in article I).

The government does not print money or regulate the value thereof. That is done by a private entity.

 

[Jake Broe Stan]

The government does not print money or regulate the value thereof. That is done by a private entity.

The Federal Reserve is a government entity, not a private one. It derives its powers from Congress according to law.

Who owns the Federal Reserve?

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

“The Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations.”