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[–] drakesdoom2 0 points 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.

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[–] radiosigma [S] ago 

Or the third (peaceful) option: remove taxation

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[–] 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.

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[–] goatboy 1 point 0 points (+1|-1) ago  (edited ago)

Why shouldn’t the debt be forgiven? It was incurred to protect the world. Now forgive the debt and move on or don’t and end the world.

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[–] radiosigma [S] ago 

I fully agree. Ready to sign anything that would eliminate the national debt

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[–] antistatist ago 

Rip off the band-aid and fuck the economy.
Debt-based economy is not sustainable and destined to crash anyway.
Cryptos FTW.

[–] [deleted] 0 points 2 points (+2|-0) ago 

[Deleted]

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[–] radiosigma [S] 0 points 1 point (+1|-0) ago 

Interesting

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[–] 7e62ce85 0 points 1 point (+1|-0) ago 

Well if you were sane and honest:

  1. Balance the fucking budget. No more welfare. Not even for whites. No public pensions. No medicaid. No more infinity wars.
  2. Cut taxes to 1% of GDP which will fund police and military. Privatize and cut everything else. Deregulate too.
  3. Pay the debt off while maintaining a stable 2% inflation rate. (BS money for BS debt)
  4. After the debt is paid switch currency to a gold standard.

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[–] radiosigma [S] 0 points 1 point (+1|-0) ago 

That is ok for me but difficult to put in practice

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[–] 7e62ce85 0 points 1 point (+1|-0) ago  (edited ago)

I know, no decadent empire or nation has ever reformed itself.

The solution is to start over.

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[–] olieman ago 

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.

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[–] 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.

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[–] 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.

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[–] 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.

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[–] antistatist ago 

*21 trillion dollar question
FTFY