ALL of the debt paid down?
You have any idea how much you would dislike that? They would need to tax you at something like 100% of your income for something like a long time to do that, along with everyone else, along with HUGE spending cuts.
Unless you are a big Glenn Beck listener and have been stocking up on food and gold (if you are I really hope your my neighbor), not such a good idea.
We need to balance the budget, even with the funny accounting they do, and then talk about reducing the debt. We will never have zero debt though, just ain't gonna happen unless we say fuck you to everyone who holds our debt.
I didn't say pay it off next year, or in the next 3 years. First they obviously need to balance the budget with current tax revenue's, so as to stop adding to the debt.
Then they need to both slash - LARGE slashing - and also raise taxes - on everyone - and take that direct extra tax money and put it into paying off the debt.
If they can do that for 10 years straight, maybe, just maybe, we'll have a F'ing chance.
If they can't even do that...heck, if they can't even
try to do that, then WTF do they need more of my, or anyone else's, money for? Because if they can't do that, we're F'd. And if we're F'd, they mine as well let us keep our money and blow it on cheap chinese goods, beer, and cigs. WhyTF not?
People want to keep thinking there's a magic way out of these massive huge untackled issues we've got, without having to go through real countrywide pain in solving them. Well, Reality Check! There
is no way to solve them without Everyone taking a nice big bite of the shit sandwhich, and swallowing.
The WWI generation fought WWI, WWII generation fought WWII, Korea generation fought Korea, Vietnam generation fought Vietnam, then we've got the Gulf War I and II generations, along with Afghanistan. Well, there's a new battle now, and instead of sacrificing limbs and lives, we'll be sacrificing money and time...less time to retire, and more time worked, before dying.
Or we can just keep up with our Consumer of Shit culture and have it all blow up....I can already tell which direction a disturbing number of Americans are choosing to go....
Chuck