U.S. Deficit

[Pat]

 

The United States debt is astonishing.  1 Trillion+ deficit  

So if you were in charge how would you balance the budget? 

 

🤠

 

 

 

 

[Cxdy]

[Santana]

I would simply start another war in a resource rich country and take more $$$ from them

[Rob]

5 minutes ago, Cxdy said:

 

[Pat]

4 minutes ago, Rob said:

 

h8 u

[Rob]

7 minutes ago, Pat said:

h8 u

but you really don't hate me pat

[Dylan]

Taking on Intragovernmental debt:

1. Lower spending on unnecessary social programs

2. Eliminate spending on the "war on drugs"

3. Reallocate funds for programs that work and don't work (ties into first point)

4. Begin the process of collecting debt owed to the US from foreign countries and vice versa (clean slate)

5. Figure out wtf to do with the Federal Reserve

6. Rely less on imports and focus more on exports

 

Since the public holds the majority of debt, interest rates will be lowered.

1. Meet with the FOMC to develop a plan to keep interest rates at an absolute low to stimulate the economy

2. Taxes will be lowered, and as such, will redistribute governmental spending to reverse the deficit

3. ???

4. ???

 

[Some God]

lul

[Nearly Godz]

imagine

[Utc]

interesting

[ceZa]

That's a crazy amount of money to have in debt tbh. About how to manage that budget, what  @Dylan said above doesn't sound too bad

[Proccy]

put it all on 1 stake 50/50 u pay back all of it

[Thanos]

Just yolo into GME with government funds 4Head

[Jonah]

First I would send GME & AMC to the moon.

 

Then I'd put it all into Roblox stock.

[orgasms]

us is shit

[Rihana Pm Me]

I’d like to see any of those pussies come and collect. 
 

#murica

[Phobias]

id just take it to the sand casino, no better place

[Denvin]

haha us

[Adam]

The bottom 70% of the country need more money, to grow the economy, hence lower the deficit. If I was in power I would do the following:

 

1) Capitals gain tax rate of 75% on 500m+ invested, and -2% rate on any cash in their banks.

2) Under 250k/Year - 7% Tax Rate, 250k - 300k/year - 12%, 300k - 500k 17%, 500k+ 33%+

3) 0% Student Loan Rates, with 40 year repayment plans. 

4) 40 Year Mortgages, with 2.5% or less rate.

5) Internet Purchase Tax of .5% of all purchases 

6) $500 Universal Basic Income for all Americans who have lived in the country for 5+ years, are 18 years old, and are not collecting retirement benefits / unemployment.

7) $20 Minimal Wage - If in a trade school, college, or adult education of some sort.

8 Max 2% Property Tax rate on homes that are less than 800k.

 

Edited March 11, 2021 by Adam

[Jabby]

the deficit graph shows exactly what's the problem. look at the election years...stimulating the economy top down vs. bottom up. Both parties have their way respectively but only when the stimulation reaches the masses will the bottom line improve.

 

doesn't answer the question, but I'm also not the president, secretary of treasury, or chairman of the housel appropriations committee.

[Dynamic]

duel arena

[weeners123]

same tbh

[CP24]

On 3/10/2021 at 9:41 PM, Santana said:

I would simply start another war in a resource rich country and take more $$$ from them

LMAO

[Fake Smile]

trump did this to you

[J_J]

I'd recruit vennies to do infernals and GWOP UP.