[–] antistatist ago
If anyone, the people who signed off on it should pay it off.
I haven't signed off on shit so it's not my debt.
[–] EnterTheUnKnown ago
Kill the bankers, blow up the FED, sieze all their assets.
Money is currency that does not exist, therefore there is no national debt. There is no spoon.
Inflation will help pay the national debt. I believe they (Fed) will continue to raise interest rates which will increase the inflation rate. Inflation will increase wages and thus tax revenue. If we, let's say, have 10% inflation, that should increase tax revenue by 10%. That is a huge amount of revenue. Estimates for 2019 is tax revenue at 3.22 trillion. Now, the key is what do we do with the increased tax revenue. Paying down the debt with inflated dollars would be wise but knowing the addiction to spending our politicians, especially democrats have, I doubt it.
[–] antistatist ago
I see a huge flaw in this - If I understand correctly, the Fed is the main bank that loans dollars to the government, so every new dollar printed is actually another dollar of debt, so inflation actually has the opposite effect of what you describe.
Also worth mentioning that wages never keep up with inflation.
[–] 7e62ce85 0 points 1 point 1 point (+1|-0) ago
Well if you were sane and honest:
[–] radiosigma [S] 0 points 1 point 1 point (+1|-0) ago
That is ok for me but difficult to put in practice
[–] [deleted] 0 points 2 points 2 points (+2|-0) ago
[–] radiosigma [S] ago
I fully agree. Ready to sign anything that would eliminate the national debt
[–] antistatist ago
Rip off the band-aid and fuck the economy.
Debt-based economy is not sustainable and destined to crash anyway.
Cryptos FTW.
[–] drakesdoom2 0 points 1 point 1 point (+1|-0) ago
Two options if you want to reduce it eliminate it.
Bloody civil war killing those who created it and then declaring it null and void.
Or reduce government spending and move taxes to real assets (real estate mostly) instead of production. Anything you tax you get less of and we currently tax income and profits most heavily so we get less of actual production with much speculation and rent seeking.
[–] radiosigma [S] ago
Or the third (peaceful) option: remove taxation
[–] drakesdoom2 ago
Alone that does nothing for the standing debt.
I want lower taxes in smarter places but no taxes is a fantasy just like functioning communism.
[–] antistatist ago
*21 trillion dollar question
FTFY