The national debt is 19.3 trillion dollars. How do we fix it?

[Toddsterpatriot]

Bring manufacturing back to the U.S. Offer tax incentives, scale back the nazi epa, get the government out of the way, they will come back. In other words, vote the Democrats OUT. This debt has weakened us as a country, and must be fixed.

Start with Red States. Either let Democrats manage their economies or stop sending them government money. So tired of seeing my tax money being wasted on lazy and uneducated rednecks.

Start with Red States.


Good idea.
When the blacks in the Red States riot, after their EBT gets cut off, the rest of the people will at least be able to defend themselves.

If you do it in the Blue States first, all the white liberals will be killed off in the first week.

 

[eagle1462010]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

 

[Rustic]

We fix it by focusing on the real reason for the debt.
-Wars
-Nation building in the middle east
-Massive tax breaks for the super rich
-Our broken healthcare system

Everything else should be left the hell alone as those areas grow our economy and ability to pay down the debt in the first place. Infrastructure, science, r&d and education is those areas...Would be suicide to cut those.

Dumbass, socialist entitlement programs that is where the vast majority of our debt/unfunded liabilities is from. Tax money is not the governments money to begin with you dolt. The nanny state has been tried hundreds of times through out history with 100% failure rate only a delusional moron would think trying it one time will work.
A strong economy and socialism are at odds with the other...

 

[Little-Acorn]

The national debt is 19.3 trillion dollars. How do we fix it?


Same way we've always "fixed" it.

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car. Then it won't be any big deal.

Of course, that will also make your pension, IRA, 401k, and your entire life savings barely enough to buy a week's groceries.

Basically, all the wealth you've been earning and saving, was taken from you, to "pay off" the huge National Debt.

But don't worry. The politicians tell us that a big National Debt doesn't actually do any harm. So it must be true.

 

[eagle1462010]

The national debt is 19.3 trillion dollars. How do we fix it?


Same way we've always "fixed" it.

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car. Then it won't be any big deal.

Of course, that will also make your pension, IRA, 401k, and your entire life savings barely enough to buy a week's groceries.

Basically, all the wealth you've been earning and saving, was taken from you, to "pay off" the huge National Debt.

But don't worry. The politicians tell us that a big National Debt doesn't actually do any harm. So it must be true.

Nope..........the establishment will not listen to you no matter how many times you say it...............

 

[Kosh]

The national debt is 19.3 trillion dollars. How do we fix it?

Never vote far left!

 

[my2¢]

From now on when we invade countries we keep them, drain them dry and then sell them.

 

[Rustic]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

 

[eagle1462010]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

Of course............but no one is listening to that side.....................change on those is needed as well..............It is unsustainable...........................

 

[Toddsterpatriot]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

 

[Little-Acorn]

The national debt is 19.3 trillion dollars. How do we fix it?


Same way we've always "fixed" it.

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car. Then it won't be any big deal.

Of course, that will also make your pension, IRA, 401k, and your entire life savings barely enough to buy a week's groceries.

Basically, all the wealth you've been earning and saving, was taken from you, to "pay off" the huge National Debt.

But don't worry. The politicians tell us that a big National Debt doesn't actually do any harm. So it must be true.

Nope..........the establishment will not listen to you no matter how many times you say it...............

"Won't listen"?

We're already doing it now!

 

[leftwinger]

From now on when we invade countries we keep them, drain them dry and then sell them.

I suppose they figured if Iraq could be saved..........they would be flush with OIL money and buy tons of USA Boeing, HP computers, Caterpillar, Deere etc. Some one should have warned them, ME is a bunch of Muslim dictators taught to lie for a living, and don't care about Iraq citizens. So it did not work. Fence them in, let the kill each other.

 

[Rustic]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

Yes, it is.
One fifth of people paying in as opposed to taking out is what the future holds.
Printed paper and IOU's are not wealth...
Long story short... This country is fucked

 

[Toddsterpatriot]

The national debt is 19.3 trillion dollars. How do we fix it?


Same way we've always "fixed" it.

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car. Then it won't be any big deal.

Of course, that will also make your pension, IRA, 401k, and your entire life savings barely enough to buy a week's groceries.

Basically, all the wealth you've been earning and saving, was taken from you, to "pay off" the huge National Debt.

But don't worry. The politicians tell us that a big National Debt doesn't actually do any harm. So it must be true.

Nope..........the establishment will not listen to you no matter how many times you say it...............

"Won't listen"?

We're already doing it now!

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car

When you consider that inflation has been falling since the early 80s, I doubt this is the plan.

 

[eagle1462010]

The national debt is 19.3 trillion dollars. How do we fix it?


Same way we've always "fixed" it.

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car. Then it won't be any big deal.

Of course, that will also make your pension, IRA, 401k, and your entire life savings barely enough to buy a week's groceries.

Basically, all the wealth you've been earning and saving, was taken from you, to "pay off" the huge National Debt.

But don't worry. The politicians tell us that a big National Debt doesn't actually do any harm. So it must be true.

Nope..........the establishment will not listen to you no matter how many times you say it...............

"Won't listen"?

We're already doing it now!

Keep inflation rising and rising, until $19.3 trillion is barely enough to buy a used car

When you consider that inflation has been falling since the early 80s, I doubt this is the plan.

Central bank rates................

 

[Toddsterpatriot]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

Yes, it is.
One fifth of people paying in as opposed to taking out is what the future holds.
Printed paper and IOU's are not wealth...
Long story short... This country is fucked

Yes, it is.

Nope. An unfunded liability is just a promise that hasn't been broken yet.
It's not a debt until the government borrows to pay it.

Printed paper and IOU's are not wealth...

If you're counting on that Social Security IOU to pay what was promised, you may be disappointed.

 

[eagle1462010]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

Yes, it is.
One fifth of people paying in as opposed to taking out is what the future holds.
Printed paper and IOU's are not wealth...
Long story short... This country is fucked

Yes, it is.

Nope. An unfunded liability is just a promise that hasn't been broken yet.
It's not a debt until the government borrows to pay it.

Printed paper and IOU's are not wealth...

If you're counting on that Social Security IOU to pay what was promised, you may be disappointed.

Splitting hairs there...........When those pensions come up..............they are future debt unless you are saying just deny them their pensions...............or ENRON their retirement accounts.

 

[Rustic]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

Yes, it is.
One fifth of people paying in as opposed to taking out is what the future holds.
Printed paper and IOU's are not wealth...
Long story short... This country is fucked

Yes, it is.

Nope. An unfunded liability is just a promise that hasn't been broken yet.
It's not a debt until the government borrows to pay it.

Printed paper and IOU's are not wealth...

If you're counting on that Social Security IOU to pay what was promised, you may be disappointed.

Bingo! The perfect recipe for a banana Republic.
IOU's and printing more paper to make up for the vast overspending and shortfall of an shitty economy, overtaxing an already broke public.
Long story short... We are fucked

 

[Toddsterpatriot]

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems? | TIME.com

fter all, a borrower’s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government’s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:

• More than 900,000 separate real assets covering more than 3 billion sq. ft.
• Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
• 45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
• Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

The IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to be highly speculative, but even if the true figure is half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

Yes, it is.
One fifth of people paying in as opposed to taking out is what the future holds.
Printed paper and IOU's are not wealth...
Long story short... This country is fucked

Yes, it is.

Nope. An unfunded liability is just a promise that hasn't been broken yet.
It's not a debt until the government borrows to pay it.

Printed paper and IOU's are not wealth...

If you're counting on that Social Security IOU to pay what was promised, you may be disappointed.

Splitting hairs there...........When those pensions come up..............they are future debt unless you are saying just deny them their pensions...............or ENRON their retirement accounts.

When those pensions come up..............they are future debt unless you are saying just deny them their pensions

If they can't be paid, they won't be paid. They still aren't debt.

 

[eagle1462010]

Debt and unfunded liabilities which is debt as well, are north of 175 trillion most likely 225+ trillion plus by taking in account immigration and refugees...
There is Not enough resources and money on the planet to pay off such a thing, oh! Wait... The federal government has IOU's and printed paper...
Lol... What a fucking joke

unfunded liabilities which is debt as well

No it isn't.

Not enough resources and money on the planet to pay off such a thing

Why not? It's not paid, or received, over a short period of time.

Yes, it is.
One fifth of people paying in as opposed to taking out is what the future holds.
Printed paper and IOU's are not wealth...
Long story short... This country is fucked

Yes, it is.

Nope. An unfunded liability is just a promise that hasn't been broken yet.
It's not a debt until the government borrows to pay it.

Printed paper and IOU's are not wealth...

If you're counting on that Social Security IOU to pay what was promised, you may be disappointed.

Splitting hairs there...........When those pensions come up..............they are future debt unless you are saying just deny them their pensions...............or ENRON their retirement accounts.

When those pensions come up..............they are future debt unless you are saying just deny them their pensions

If they can't be paid, they won't be paid. They still aren't debt.

Which is why they are unfunded liabilities..................They are debt when they come due.........Your still splitting hairs..........or are you for ENRON's approach.