The debt our nation is in combined with its unfunded liabilities is mortal and cannot be remedied.
I remember feeling that hopelessness and despair. It is difficult to see the light at the end of the tunnel when you cannot even see the tunnel. But look, I can describe it for you. What a mere 25% tax rate can achieve via Basic Income. My plan is "pay as you go", there is no deficit spending involved.
No idea how to fix this? It is so simple, but requires a big leap. On the plus side, we're being forced to do it rather soon unless we wish to collapse under income inequality and bankruptcy. The fix is to restructure our government to provide Basic Income. As for labor, that's what robots are for. I'll make this clear. We do not need pyramid schemes.
We are scamming ourselves if we think infinite growth is a viable long term solution. We've been milking it for decades, it's time to stop and pay our dues. First by balancing our budget. That's with a proper tax structure. Second, by providing a good return on that investment: Basic Income. Third, labor has already reached the point where it'll find a way. It does not need humans any more. In the coming decades it'll be regressives fighting for laws against automation. Instead, I say we embrace automation. We can revel in increased productivity with LESS labor. And we keep our people participating in the economy by giving them their... fair share.
This is the only economic plan or solution I see going forward. It is also sustainable. It does not depend on or ask for growth. The world does not need any more people and neither does our country.
This can be a demographic disaster, or the dawn of a new age.
As for the details, everyone gets $1,000/mo. Children have it saved in a "nest egg" account. Upon turning 18, a couple would have a combined savings of $432,000. (Not counting investment).
That is enough to pay cash for most homes. Think about it, the elimination of your monthly rent / mortgage payment. Nation wide. The rest of the nest egg can go towards transport and education costs. Essential big ticket items that make the $2,000/mo the couple receives stretch a lot further than it would today.
And that's not even counting anything they receive elsewhere. I'm talking real, valuable, sustainability whether they are employed or not. In return, other government programs to pay "welfare" are eliminated. Pensions are eliminated. They are simply not necessary. It's a system that lets people move freely, work freely, and do whatever they want - we still provide the basics.
A true social safety net paid for by taxes does not harm our debt or deficit. That onus is on our irresponsible programs today. We can eliminate them in exchange for a deficit neutral (or beneficial) system that ensures stability to our national economy. Imagine a 2008 crash where people were not losing their homes. Where they were not stressed over how to put food on the table. Where they could pack up and chase jobs while still receiving the full benefits of our system.
Unfunded liabilities? Burn them, we have no need of them if we replace them. The future is bright, we just need the vision to get there.