Is there a possible solution for the national debt?

YES A GOLD STANDARD Currency backed by HOLDINGS in Gold and Silver .



The Federal Reserve is DEAD . Quanative Easing 7 ahead !


Obama said it would only be 1 time , LMAO !

NO ....no fiat currency has EVER survived, seems we just never learn so one day much like on sept 17th 2008 expect the economy to fail suddenly at the speed of light. and no tarp, zarp, burp will save it. The only reason we continue to survive is because our currency is now DIGITAL in nature and can be manipulated with a key stroke.

Yes, it’s called a collapse.

yes, re-elect Trump.

Yes!!
The dept will be paid off with the money retrieved from the cabal, the money they took from the people illegally to line their pockets, pay off corrupt judges and hire hit men among other things.

When some of the richest people in the World are jailed life for all will be much better

Hidden technology will come out to improve all our lives thank you President Trump

stop spending

stop subsidizing everything including lazy turds

stop wars

Islamic Banking is the solution.

Islam = Gold and silver as money, pro-capitalism, usury/interest-based loans forbidden, fractional reserve banking forbidden, stimulus packages forbidden, insurance companies and gambling forbidden, minimalized income tax etc.

Allowing Islamic economic policies to take place will solve the national debt. There will be some struggle and hardship in the initial phase as bad businesses and speculative investments get wiped out (rightly so), but the end outcome will be an explosion of wealth as everybody's purchasing power is restored and power is taken away from the toxic lenders/bankers who steal from tax payers every day.

What grade are you going into?

No and more NO NO NO.. its 26 QUADRILLION now..up from 9 QUADRILLION since about 2009.

We have to start over and that is planned during the Millennial reign of christ Jesus.

Its called a debt jubilee, lol.

They used to have em every 50 years in medieval times, from 1300 on to at least 1600? Maybe 1650?

just end the federal reserve problem solved.

Just do the math...

Math never lies...

Throw around some numbers just for fun and see what you'll need to get out of debt.(23+ trillion dollars)
Per person or state, whatever...

Not good...

Same goes for Canada...

If we stopped borrowing/printing money...We could live with the national debt right where it is.

But what are the chances of THAT happening? (zilch, zero, nada, the big goose egg).

There was a good chance of it happening, or at least A chance, when Ron Paul ran for office twice. But you guys decided to elect somebody based on skin color instead.

A DEBT JUBILEE like ever other fiat currency used to have, before greedy k1k3s got control.

Many people believe that much of U.S. debt is owed to foreign countries like China and Japan. The truth is, most of it is owed to Social Security and pension funds. This means U.S. citizens, through their retirement money, own most of the national debt.

[link to www.thebalance.com (secure)]

Why are we paying anyone to loan us money in the first place?

Yes, wait for a major announcement coming in September for a plan to solve Medicare and Social Security forever. Could take care of National Debt as well. Again, wait till September.

Last Edited by Phoenix Light on 07/28/2020 07:41 PM

There are solutions but the rich people who own government don't like most of them. Historically you can default on debt, individuals and corporations go through bankruptcy to discharge their debt.

The only consequence is that your credit rating is lowered for a period of time. But since our currency is created by debt, and that debt has associated interest costs they have to continually create new debt. So your bad credit rating will soon disappear. It's almost a joke.

To eliminate the debt you can either default on it, or you can inflate it away if you are a government. That means issuing a bunch of new debt which then erodes the purchasing power of the currency making it easier to pay off the old debt, but you still have the new debt to deal with, it's just delayed.

You mentioned lower interest rates, that is what the fed has been doing since 2000 believe it or not, artificially lowering the interest rates to make it easier to borrow.

In reality we need a deep depression that would clear out a lot of this unpayable debt in bankruptcy. But the government is unlikely to choose this course of action because they are owned by reich people who don't want to lose a dime.

The final solution is for the government to issue state currency that is created by law not by debt. Then use that new currency to pay off old debt and meet entitlement spending. That would be 'greenbacks' there used to be lots of threads here on the topic.

Yes, there is. It's easier said than done though.

1. Raise GDP by at least 25 percent.


Debt-to-GDP ratio

Description

In economics, the debt-to-GDP ratio is the ratio between a country's government debt and its gross domestic product. A low debt-to-GDP ratio indicates an economy that produces and sells goods and services sufficient to pay back debts without incurring further debt.

According to the U.S. Bureau of Public Debt, in 2015 and 2017, the United States had debt-to-GDP ratios of 104.17% and 105.4%, respectively.May 31, 2020

it's around 108% now.

this figure should be as far below 100% as possible

Debt sustainability. The more one Earns, the Larger the Credit Card.

How do we Earn more money?

Sell new products. New inventions need to be manufactured and sold. The World has enough toaster and dryers

2. A Balanced Budget Amendment

Those two points would go a long way in helping get debt under control.

Hmm maybe a golden jubilee across the board and we go back to silver and gold?

By the very nature of our fiat currency you can never 'get debt under control' because the growth of debt far outpaces the growth of the real economy.

And the statistics used to measure the 'growth of the economy' are all rigged as well in favor of those with money.

Since debt grows faster than the real producing economy you can never pay off the debt, you can only default on it.

Nullify debt based banking, and switch to hours worked or resource mined type banking.

Tie interest rate to economic status, to encourage the upper class to spend, the middle class to spend/save, and the lower class to save.

Also, begin a massive program to reduce the cost of living in general.

We should have a another race against the Russians.

Instead of a Space Race, let's have a GDP to Debt ratio race

The share of external debt of Russia in the country's gross domestic product (GDP) amounted to 40 percent at the end of 2016, which was the highest figure since 2013. As of March 31, 2019, Russia's external debt accounted for 29 percent of its GDP, marking a slight increase compared to the end of 2018.

Let's see who can get to a Debt-to-GDP ratio of zero first?

Don't use a debt money system. Let the US Treasury create the money supply (M1), either with gold backing or fiat. Spend the money into circulation.

World war where every owner of the debt is slaughtered wholesale.

Look at how the media treated Ron Paul... a complete media blackout. THATS what happens when they dont want someone to win.

The debt will be paid by inflation.

Yes cryptocurrency but Trump is secretly against CAPITALISM