How do we lower the national debt? Which things do we cut? (9/11, politicians)

[stan4]

Originally Posted by WaldoKitty

Dump all those non-military government workers into a 401K plan. There's 10% saved right there.

I say dump all pensions.
Foreign aid.

[Tall Traveler]

Originally Posted by Mtnluver8956

Here is the 2019 FY spending. Which do we cut? Which do we eliminate?


https://www.usgovernmentspending.com...ding_pie_chart

Pensions is where we need to cut the most but we could cut just about everything in conjunction with raising taxes to balance the budget.

[auntieannie68]

eliminate perks for congressmen,stupid non public supported political decisions,frequent trips on air force one and use and charging of use of personal property to the government (hotels , golf clubs,etc)

[heart84]

There is no way to pay it back. The genie is out of the bottle as this point. There is no intention to ever pay back the debt regardless of what any politician claims. Higher deficits and a higher national debt until the final snowflake causes the fiscal avalanche. As interest rates increase much of the deficit spending will just go toward servicing interest.

[Mircea]

Originally Posted by Mtnluver8956

How do we lower the national debt?

There is no national debt, unless you're a Communist or Socialist.

So, are you? You know, a Communist or Socialist?

There is a federal debt. Are you perhaps referring to that?

The federal debt consists of two components: the public debt and the intragovernmental debt, but no national debt.

Originally Posted by Mtnluver8956

Here is the 2019 FY spending. Which do we cut? Which do we eliminate?


https://www.usgovernmentspending.com...ding_pie_chart

From where did you get your propaganda and disinformation chart?

Um, "pensions" is a propaganda and disinformation term for Social Security, which is not part of the federal budget.

"Healthcare" is the propaganda and disinformation term for Medicare and Medicaid.

Medicaid is part of the federal budget, but Medicare is not.

Social Security and Medicare are not part of the federal budget and Congress does not allocate money for those programs and you cannot show any federal budget from 1935 to the present where it does.

This is the FY2019 discretionary federal budget.

As you can see, most of your discretionary spending is military spending to the tune of $597.1 Billion.

The Social Security Administration gets $8.8 Billion, while NASA gets $19.6 Billion. The DOJ gets $28 Billion and Homeland Security gets $46 Billion.

H&HS, which includes Medicaid spending, gets $69.5 Billion.

The whole thing is $1.209 TRILLION, but it's only discretionary spending.

The mandatory spending, like Medicaid, the exchange subsidies for Obamacare, the mandatory spending for the Department of Agriculture like SNAP, the "livestock forage program," etc, etc, the Department of Labor's paid parental leave, Pension Benefits Guaranty Program, HUD, VA, etc, etc, the "Authorize additional Afghan Immigrant Visas" -- yes, a real program that costs $22 Million -- it comes to $1.025 TRILLION.

The total of federally budgeted mandatory and discretionary spending comes to $2.234 TRILLION.

[Hoonose]

Originally Posted by hawkeye2009

We don't-

This is the problem with the Federal Reserve system, which requires accumulation of more and more debt to maintain circulating levels of currency.

If the budget is "balanced" it cuts the money supply and creates a recession or depression. Currency is created by issuing bonds (debt), which is then paid for by the federal reserve to those holding the bonds purchased at auction (bankers) by the Federal reserve. The other component of currency is created digitally in the private sector by banks issuing loans to consumers (they only need to have 10% in reserves.

Reduce debt and you reduce the money supply, causing a recession or depression. Welcome to the con game that is the Federal Reserve- created by bankers on Jeckyl Island, GA by the bankers, for the bankers.

Call it what you want, but fiat money creation will continue in all monetarily sovereign nations. Successful or not. The successful ones are more productive and their middle class more satisfied. While all along try and not incite onerous inflation.

The trick is to create more money moving forward that either satisfies the needs of the middle class or increases productivity. But in any nation, national debt numbers will be ever rising.

Who here thinks that the US national debt number will be anywhere close to $20T in 100 years?

[what'd i miss]

The Trump Family.

[Eumaois]

One idea is if Congress actually stayed in their annual budget including going under-budget.

[rebeldor]

Repudiate the debt and abolish the entire federal government.

[Originalist]

Originally Posted by Mtnluver8956

I was shocked at the pension percentage. I know some government who privatized sectors of their government and making bank.

The problem is that we have unionized government workers who have collective bargained us into more debt. They are almost impossible to fire (no matter how bad they are) and they retire with big fat full rate pensions.