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Well we never will be able to tax our way out of it, there isn't enough wealth and you could confiscate all the wealth of every billionaire and fall ridiculousl
by Shivetya 6y ago
Well we never will be able to tax our way out of it, there isn't enough wealth and you could confiscate all the wealth of every billionaire and fall ridiculously short.
the only out is to restrict spending. We don't actually have to cut anything even though we should. Hope budget increases below inflation as much as possible. Other countries have done it, why can't we? This means that programs that automatic increases built in don't get them if it pushes the budge past the limit.
This is not austerity, this is returning to proper budgeting where we don't use baseline budgeting which is how Congress lies to the American people with claims a program has been reduced.
- dragonwriter 6y ago> Well we never will be able to tax our way out of it, there isn't enough wealth and you could confiscate all the wealth of every billionaire and fall ridiculously short. Why would you try to pay off the national debt with a one-time wealth tax (whether restricted to billionaires or not)? That would be stupid. > the only out is to restrict spending. Or grow the economy over the long term, make service payments, and not worry about a grand payoff because what would even be the point of that?