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We sure could save a lot by cutting social security for old people, reduce medicare payments, cut down food stamps for people with kids that's a few trillion r
by rnk 3y ago
We sure could save a lot by cutting social security for old people, reduce medicare payments, cut down food stamps for people with kids that's a few trillion right there.
Or we could just cancel recent tax cuts that were focused on wealthy people and get trillions more in revenue. Remember the last pres has a record addition to the debt of $7 trillion with three debt increases without a threatened debt default, somehow.
- bequanna 3y agoSure, I agree with you. Let’s make the tax system somewhat more progressive and simpler. But that alone won’t help enough. The issue is the spending associated with and related to the “inflation reduction act”. Spending of this type is mostly unnecessary pork.
- sharemywin 3y agoThe only way to pay down the debt is massive tax increases on the wealthy. The same way we did it in from 46' to 80' https://www.longtermtrends.net/us-debt-to-gdp/ https://www.longtermtrends.net/us-debt-to-gdp/
- redeeman 3y agoOr how about we implement a FAIR tax system. the entire cost of the US is divided up by the count of its citizens equally. its easy to say "tax this tax that" when its other people getting ripped off. If everyone had to personally decide if playing warlord in god knows how many countries is worth the money they must rip out of their wallet, im guessing the US would be in less wars. if people had to vote with their wallet on whether stuff is worthwhile, i bet spending would be cut very very rapidly, instead everyone wants their cut of an increasingly larger cake, spiralling totally out of control