FLBear5630 said:
historian said:
You're probably correct, we will probably never get rid of the debt but we must at least try. Only once in our history has the US been debt free (about 200 years ago) and the vast majority of our $40 trillion in national debt is from the past 25 years.
Only way is going to be a cash flow model we are not going to lump sum pay or cut spending. Increase revenue and manage cost if money.
You have a better way that can actually be implemented?
I agree that we need a plan to handle the debt. That said, there is no chance whatsoever, that career politicians will support
any plan that puts their office at risk.
There is good news of a sort, though. First is that pretty much every major nation has a debt problem, so world leaders will not be inclined to push aggressively against other nations on their rivals. The second is that the US economy is diversified and relatively healthy enough to handle a lot of rough years without defaulting, which is the major tripwire risk here.
The real danger is the growing number of economic morons, who actually believe and promote some very dangerous idiocies,
a la AOC's notion of Monetary policy or the lunacy of the current NYC mayor. If one of their ilk gets into the Oval Office, the worst becomes very possible.
That which does not kill me, will try again and get nastier