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File: 1600810141561.png (100.03 KB, 298x450, 149:225, Debt.png) ImgOps Google

When this coronavirus situation finally ends, the U.S. will find itself in a terrible position in terms of deficits and debts. What is there to be done? What solutions have you seen that make sense to you?

Source: https://reason.com/2020/09/21/americas-debt-will-be-twice-the-size-of-the-economy-by-2050/


A lot of cuts will have to be made. Realistically? Not much can be done.
Best we can hope is to manage to get by, and next time not shank the economy, expecting to stop for months on end without troubles.


>What solutions have you seen that make sense to you?
Somebody is receiving those interest payments as dividends.  Who are they and do they agree the situation is growing terrible?


I haven't seen any solutions, which is a bit worrisome.  It's something that everyone surely should have seen coming when they signed off on all these stimulus bills, so I want to assume there was a plan baked in there, but since I haven't heard of it yet the plan might just be to let things collapse.


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I appreciate the concerns and there are pretty severe problems coming.

But I'm skeptical of the CBO's ability to project things 30 years in the future, especially with the sheer number of variables involved in Debt/GDP ratio.


I guess I could say that if it was up to me, I'd enact three different things:

>A)A shift in health care processing, at least when it comes to Medicaid and Medicare, to which the systems are organized more like the Swiss model. Free-competing plans where the individual gets subsidies and then picks what's best for her/him/them, without having the same sort of single-payer structure as Canada and elsewhere that we currently have with the aged and disabled's care.

>B)A gradual increase in the retirement age for Social Security coupled with stricter calculations in terms of inflation.

>C)An abolition of the cap on payroll taxes so that the wealthy pay far more into the system inherently.

Unfortunately, all of that will be extremely unpopular to say the least. However, I think that that's the best economic option. Eh.


Find a way to make rich people actually pay taxes. Of course we're struggling with a shrinking middle class being the only people actually putting money in the government's purse. The rich all have tax lawyers, tax havens, offshore accounts, all that crap, and the poor are, well, poor, they don't have money to give the govt. The obvious solution is to not let the rich play stupid games and find stupid loopholes. No "we're actually based in a small island none of our employees have ever been to" despite doing 99% of your buisiness in america. No "i donated to a charity i personally manage, so that's a tax write off". No more of it. Pay your damn taxes.


That would call for actual auditing which would mean actually funding the IRS, and nobody wants that.


Seems like it would pay for itself pretty damn fast. The revenue from the rich actually paying taxes would more than cover the cost, I'd think.  I'd be down for it.


Oh absolutely! Many studies have demonstrated that time and again. But I'm reminded of the old adage that “the law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread."

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