Question by Eric S: If the USA Federal Debt disappeared by magic, what programs could we use?
Suppose instead of being 12 Trillion in Debt and running deficits every years, lets imagine this instead!!!! The exact opposite
Imagine the USA Government has a Net PROFIT of $ 12 Trillion Dollars. Every year we keep running Budget Surplusses in the hundreds of Billions of dollars, so the USA keeps getting more and more funds that we don’t know what to do with.
The problem with our Government is they are too slow to spend money so we keep getting more and more of it to spend than we can decide how to spend it.
The problem is we tried everything, we raised interest rates to 2,000% but the economy won’t stop soaring up and up and up. Also, it just seems like Americans, no matter how often they go on vacation, they are the most productive manufacturers on earth.
As a result, hundreds of thousands of manufacturing jobs are leaving China and being given to American workers in all kinds of industries, expecially automobiles. As a result, cities like Detroit and Toledo are absolutely booming with workers. We’re reaching a point in America where you can finish high school and make $ 250,000 in a factory!
Another AMAZING Thing is that healthcare is so cheap it’s insane.
Well we have trillions of dollars of free money to spend, everyone has lots of it, factory towns are booming, we have trade surplusses and budget surplusses….America is the envy of the world….
US Unemployment Rate = 0%
Small businesses are booming, more and more family-owned shops are being built.
Despite all this activity, by some magic, the earth is getting greener, world climate is getting cooler from global cooling, and there is ABSOLUTELY NO TERRORISM. We even got rid of x-ray machines, why do we need them? Everybody is trusting and loves the USA.
In this scenario, what would our focus be in America?
Answer by *~Karnac the Magnificent~*
No matter how good the Government program starts out, it turns into a mess.
SS started out with 43 paying to each person drawing. Now it is 4 to 1. Unsustainable.
Fed Inc Tax started out in 1913 at 1/2 of 1 percent over 20,000 dollars. What is the tax rate now??
Both programs started out with good intentions and morphed into a mess. What makes anyone think that any program, no matter how good it starts out will stay good over the years.??
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