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America’s economic insolvency! A solution

At present America’s federal government owes 124% of its gdp in liabilities and debt. Nearing $ 40 trillion.
That almost 4,000 Billion dollars.
The only “solution” and effective strategies are to drastically reduce federal spending. 1) stop global military intervention 2) cease foreign investment (ie israel war funding, military sales infrastructure development in other continents etc. 3) turn “isolationist” domestic investments infrastructure etc. create public works. 4) cost sharing strategies more monorails public transportation community development etc.
flat income tax over a set amount of personal income/worth. After the first $million 37% federal income tax adjustment for domestic employees and production & 50% after the first $Billion.
There are some very hefty bills to pay time for equal taxation.
The biggest one 5) if there’s deficit spending don’t pay congress. Even further 6) no foreign investments until the budget is balanced
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samueltyler2 · 80-89, M
how about increasing revenue? The largest increase ever in deficit came as the result of massive tax cuts that benefitted mostly the rich.
jehova · 36-40, M
@samueltyler2 I had tax reform in there more taxes as income increases
dale74 · M
Or have extream inflation while reducing new debt making the old debt small compared to gdp after inflation.
jehova · 36-40, M
@dale74 definitely a needed aspect of the payoff plan.
And if your Utopian strategies all get inacted tomorrow, you will have the issue of ihe international sell down of US treasury bonds creating a crater in the international value of the $US for trade and the hollowed out value of the 401K and pension funds for anyone in retirment or planning to retire for the next decade or more..
Thats if you dont count the outright resentment other countries have built up to US policy from the current administration , or the ambitions of China (and Russia) to see America removed as global leader.😷
DogMan · 61-69, M
Can we also work on reducing waste, fraud and abuse? I would like to see millionaires and billionaires compete to see who could do the most good with their money. Give them awards and accolades for the good things they are doing with their money. Whether it be hiring more people and increasing revenue,
or giving to programs that help people.

It the same sense we could shame the rich that blow money on opulence and mansions around the world.

We should not give Democrat billionaires a pass because they donate to Democrat and vice verse.
CreyvinMoorhead · 41-45, M
CARE FACTOR !!!!


Don't give a shit
jehova · 36-40, M
@CreyvinMoorhead if true why comment at all?
CreyvinMoorhead · 41-45, M
@jehova It's called,,,,,,,,,,,,,,, freedom of speech. MAYBE YOU HAVE NEVER HEARD OF IT ?
jehova · 36-40, M
@CreyvinMoorhead so you do care? To clarify. Will you be needing toilet paper?

 
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