posted on Jul, 15 2011 @ 07:46 PM
It looks like a 75% reduction in government spending combined with a 50% reduction in the annual budget spending from two trillion in revenue you
would then have a 1 trillion dollar budget to spend on services and interest compared to the now almost 4 trillion....and that would still take 10-15
years to erase the debt 100%, we would pay down about 1 trillion per year, so if we wait it'll be far worse down the line, just simple math, it would
be hard to raise taxes on money that can hide and move, yet even with increases it would still take many years, these numbers expect little to no gdp
growth... a lost decade, a different way of living. I think if we stretch it out further the pain will last longer, better to just accept the
reduction for a mere decade, we lived for hundreds of years without these services, i think we can handle a decade, sure it would suck, but we would
be far better off than anything offered by the political parties, they just don't want to lose the power and prestige associated with unlimited
spending and unlimited currency, they all need to grow up. The corporations could all get together and work on paying it down as well, but they seem
more obsessed with vaccinating the poor of the world or protecting their tax breaks and sitting on their profits, by cutting government you cut
corporate welfare and public services, people will probably riot whether the spending maybe cut or not, either everyone grows up and accepts less in
ss checks less in war for corporations, less in everything or we go into a TOTAL collapse, at least with my plan we still have a trillion dollar
government despite all the cuts, if we cannot live within those means then we probably don't deserve a free society anyways.
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