How long before the U.S. is bankrupt?

The super wealthy and corporations should be required to do their patriotic duty and pay their fair of taxes. Here are some good ideas for increasing federal revenue:

1. Congress should outlaw off-shore tax havens. Corporations and wealthy individuals stash their money in these tax havens, out of the U.S. economy.
2. The philanthropy laws need to be completely re-written; they are just a huge tax dodge for the wealthy.
3. Many corporations pay a much lower percent of income taxes than the average person. They have rigged the tax laws in their favor, so a great deal of their income is declared non-taxable. Let's end that.
4. Congress should pass a small tax on transactions in securities and derivatives. Say 1/4 of 1%. That would bring in a huge amount of revenue.
5. Cut defense spending. Defense spending should be limited to 1.5% of GDP unless Congress passes a declaration of war. Also, we need a annual audit of pentagon spending, with serious penalties for defense contractors who over-charge the tax-payers.
6. Outlaw stock buy-backs.

We can recover. First, become energy independent. Then major energy exporter. We then pull manufacturing back to the US through combined efforts of incentives to producers and tariffs.

We stop wasting money on stupid woke nonsense, end illegal immigration, work towards reducing the dependency on government, and make sure the corporate tax rates don't drive manufacturing away again.

If we can accomplish that, the debt will start to come under control. The country itself will stabilize. And we'll be living a much better life.

It is a house of cards and we are shoring it up with our military. We need to be sole superpower to keep the US viable by forcing the world to use the US Dollar as the reserve currency. We have been the only casino in town and we need to keep it that way. Any nation that is not with us is a threat against us. The house always win no matter how other nations roll the dice. We just print more money to keep the game going.

This is why China and Russia are threats. China is the highest roller in the house, and is capable of setting up another casino. China also packs heat, nuclear heat, and so does Russia.

The US Government has no option. It has worked itself into a corner: go bankrupt or take out Russia and China. Both outcomes would destroy American lives.

As an American, what is your option? Trump doesn't want war. Does he really have the art of the deal to get us out of this mess?

All that has to happen is for the US dollar to be stripped of its world reserve currency status. It could happen at any time.
Then we separate the men from the boys for real.

I guess it depends on how you define "bankrupt". Some would say we already are.

You can not cut expenditures enough to balance the budget and pay off the national debt. Some of the debt is to ourselves, but some has come from two big tax cuts, one during bush, the other Trump. They cut taxes and increased spending!

I don't think the US will pay back

We will go down. It’s not if.. but when!