View Poll Results: What is the best solution for managing the national debt?

Voters
33. You may not vote on this poll
  • Ignore it. It isn't a problem

    3 9.09%
  • Ignore it. It will eventually go away.

    0 0%
  • Reorganize a repayment under bankruptcy

    0 0%
  • Abolish the federal reserve and print money to repay debts.

    2 6.06%
  • Drastically reduce government spending

    25 75.76%
  • Drastically raise taxes

    3 9.09%
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Thread: What is the best solution for managing the national debt?

  1. #31
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by Korimyr the Rat View Post
    Separate issue. Those programs do need drastic reform.
    ...but the reform they require must include drastic reductions in expenditures. Those issues are not separate at all - on the contrary, you cannot talk about the one without talking about the other.

  2. #32
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by vasuderatorrent View Post
    Since I pay 0% in income tax, what is 88% more? My income is really low, I have two kids and I usually get back $5,000-$7,000. I only pay in around $2,000-$3,000 in Social Security and Medicaid taxes. My employer only pays in around $2,000-$3,000 in Social Security and Medicaid taxes on my behalf.
    They mean that rates would go up 88%. So you would no longer be able to bring your effective tax rate down to 0%, but it would be closer to your (now higher) nominal rate.

  3. #33
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by Hiram View Post
    Impeach Obama.
    Wouldn't really change anything. You would still get a Tax and Spend Liberal, but one highly enviroidiot centric as well, and half the congress will still be supporting no cuts. They have the White House until 2016, so until then, there can be no real improvement as there is no such thing as a fiscally responsible Liberal. Do you really think that party is ever going to go with someone like Brad Henry on the national level? Ain't going to happen.
    Only a fool measures equality by results and not opportunities.

  4. #34
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by vasuderatorrent View Post
    What are the best options for solving the national debt problem if we ever see our self in a disaster scenario?

    Bankruptcy? hyperinflation? less government spending? higher taxes? Something more creative that nobody has thought of?

    I'm sure somebody has a good idea. Let's pretend doomsday is here. What do we do? Print money like a mad man? File for bankruptcy? Stop social security checks? Fire 75% of all federal employees? Go door to door collect taxes?

    What ever shall we do? Oh my!

    vasuderatorrent
    You forgot one. Massive inflation. The only people who get hurt are those who are on fixed incomes. But who cares about them?

    The first national debt was incurred during the Revolutionary War -- $75 million. How easy to pay THAT off with our inflated dollars, huh?

    See? $100 trillion is nothing!

  5. #35
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    Re: What is the best solution for managing the national debt?

    Reduce Spending = farm subsidies, foreign aid, major reduction in social programs, abolish ACA, base student loans on school grades, cut every government program by 35-40%

  6. #36
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by MaggieD View Post
    You forgot one. Massive inflation.
    I used the term hyperinflation but I meant the same thing.

    vasuderatorrent

  7. #37
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by Hiram View Post
    Impeach Obama.
    How would that help?

    vasuderatorrent

  8. #38
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    Re: What is the best solution for managing the national debt?

    Quote Originally Posted by CanadaJohn View Post
    you need to increase economic output
    I'm sorry about that. I forgot about the option of using the magic wand that makes all our problems go away.

    vasuderatorrent

  9. #39
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    Re: What is the best solution for managing the national debt?

    It looks like the best solution according to our audience is to drastically reduce government spending. Thank you to all 23 participants.

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    thanks so much

  10. #40
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    Re: What is the best solution for managing the national debt?

    Raise the **** outta those taxes, close all tax loopholes, raise corporate tax rate and close all those loopholes, give no subsidies out to major industries that dont need them at all, initiate the "robinhood tax", and cut spending in the military.


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