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montie June 30th, 2013 9:17pm

SOH community debate: Do you have a solution to the issue of the debt? (Please comment how you would)

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pizza stains
07/01/13 4:50 pm

Get rid of Obamacare, then people will be making more money, which means more tax revenue. Also phase out social security, Medicare, and Medicaid.

TomM
06/30/13 4:09 pm

1. Everyone in politics need to learn the basic principle of spending less than they take in
2. The accounting gimmicks Congress and other public organizations use must stop. E.g. proposing to close Guantanamo cannot be counted as a saving until ...

TomM
06/30/13 4:14 pm

...it's happened.
3. No more promises for future spending we cannot afford.
4. No pork (spending hidden in unrelated legislation)
5. New spending can only be passed if its paid, cannot be paid by future savings or dynamic effects. Pay as you go.

TomM
06/30/13 4:19 pm

6. Stop hand outs to corporation, unions etc.
7. Push spending back to states and other local agencies.
8. Consumption based taxes and fees to pay for many services.
9. Remove income tax replaced by national sales tax to fund those not above

RepMorris Pennsylvania
06/30/13 3:51 pm

Stop spending countless dollars in useless entitlements for people too lazy to work. Stop printing money, it makes it worthless. Stick to a balanced budget.

Reply
Keldeo Laverre City
06/30/13 3:08 pm

Not a solution, but the start: Don't spend on what we don't need.

Reply
commonsense a real hero among us
06/30/13 3:04 pm

- Reduce the budget so that the
budget/yearly spending is reduced by a
flat 25% across the board.
- give a tax free year to people/businesses
- eliminate ALL taxes. Create a State sales
consumption tax , that the Feds collect
once a year.

Reply
r3VOLution not of this world
06/30/13 3:03 pm

Require the government to follow the constitution.
Pass the liberty amendment.
Reduce pay for politicians, term limits, require politicians follow laws they create.
Fair tax.
Go back to gold standard.
Ban pork spending.
End entitlements.

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Cruz2016 Rum Bum Beach City
06/30/13 2:27 pm

1) Quit spending and printing money.

2) Don't hand out money to buy friends.

3) Make a balanced budget amendment.

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Cruz2016 Rum Bum Beach City
06/30/13 2:52 pm

Put an end to government based welfare and replace it with tax credits for private organizations that help out of work ppl

Cruz2016 Rum Bum Beach City
06/30/13 2:54 pm

Put a sunset on SSI.

love4life wonderland
06/30/13 2:22 pm

Bring our factories back from china! This would end debt and unemployment! Its so simple

Reply
r3VOLution not of this world
06/30/13 2:58 pm

How do you do that? The factories went to china because labor costs went up. Americans want cheap stuff. It's not profitable to do business in a heavily taxed country. This isn't a solution to the debt crisis. You need to woo business back to America

love4life wonderland
06/30/13 3:02 pm

But If we made our own goods we would make our own profit

r3VOLution not of this world
06/30/13 3:06 pm

That would help the GDP but it wouldn't fix the national debt. It would help unemployment.
Unions and businesses need to work together for safe working conditions and fair wages. Cut capital gains taxes.
Realize prices will go up on everything.

love4life wonderland
06/30/13 3:11 pm

True... But our debt needs to stop, which means ending trade

r3VOLution not of this world
06/30/13 3:14 pm

You mean we need to export more than we import.

love4life wonderland
06/30/13 3:15 pm

Yes exactly. We i port wayyy too much and our deficit is huge

skinner Wisconsin
06/30/13 2:20 pm

Its a very complex issue so lets start with the basics: manage government corruption, eliminate the penny, trim the military, sell our bases, increase taxes, lower welfare benefits, etc.