I noticed that he didn’t have any suggestions. As a high powered banker you would think he might have some ideas.
It is easy to make speeches and say ” YOU MUST DO SOMETHING.” when it is not your job to actually “DO SOMETHING.”
Sure, let’s take all your money and pay it off then. And I know you don’t have enough cash in the bank, we’re going after your *wealth*. There’s trillions there. Plenty to pay off the debt.
Anyway this is just pre election debt posting. Every cycle it’s all over this sub. See below why none of it matters.
1. We owe most of it to ourselves. 2. What we don’t owe to ourselves could easily be paid off by collecting the $688b/yr in unpaid taxes from the 1%. 3. We could pay that off even fast if we repealed the Bush/Trump tax cuts for the 1%, *even if we let everyone else keep their tax cuts* 4. We could pay it off ***even faster still*** if we took the savings from a Universal Healthcare program and used them to pay off the debt 5. and finally… WE DON’T WANT TO PAY IT OFF. Keeping other nations tied up in our bond market makes the US dollar stronger internationally and lets us buy cheap imports, effectively turning the rest of the world into a low cost factory for American consumers.
Find something else to worry about because our national debt ain’t it.
Raising corporate taxes and tightening deductions will help. Maybe a consumption tax also
I agree with this whole heartedly, but if the idea is to do so with *austerity*, rather than (cough cough) *raising revenues* then count me out.
I agree! That’s why I think we should roll back the 2017 tax cuts.
5 comments
I noticed that he didn’t have any suggestions. As a high powered banker you would think he might have some ideas.
It is easy to make speeches and say ” YOU MUST DO SOMETHING.” when it is not your job to actually “DO SOMETHING.”
Sure, let’s take all your money and pay it off then. And I know you don’t have enough cash in the bank, we’re going after your *wealth*. There’s trillions there. Plenty to pay off the debt.
Anyway this is just pre election debt posting. Every cycle it’s all over this sub. See below why none of it matters.
1. We owe most of it to ourselves.
2. What we don’t owe to ourselves could easily be paid off by collecting the $688b/yr in unpaid taxes from the 1%.
3. We could pay that off even fast if we repealed the Bush/Trump tax cuts for the 1%, *even if we let everyone else keep their tax cuts*
4. We could pay it off ***even faster still*** if we took the savings from a Universal Healthcare program and used them to pay off the debt
5. and finally… WE DON’T WANT TO PAY IT OFF. Keeping other nations tied up in our bond market makes the US dollar stronger internationally and lets us buy cheap imports, effectively turning the rest of the world into a low cost factory for American consumers.
Find something else to worry about because our national debt ain’t it.
Raising corporate taxes and tightening deductions will help. Maybe a consumption tax also
I agree with this whole heartedly, but if the idea is to do so with *austerity*, rather than (cough cough) *raising revenues* then count me out.
I agree! That’s why I think we should roll back the 2017 tax cuts.