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Liberty Hub

""...no one ought to harm another in his life, health, liberty, or possessions." -J.L."

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    First off, it's not expected that all members are self-professed libertarians. This isn't a safe space for libertarians. This [i]is[/i] a place where people can discuss any topics that may pertain to liberty or natural rights. Topics for discussion range wide, and that's understood, but it's requested that you leave all [i]entirely[/i] unrelated topics at the door. This is an escape from low-quality and childish posts, hopefully.

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originally posted in:Liberty Hub
7/6/2016 6:48:55 AM
11

You are given ONE job...

http://www.usdebtclock.org/ The U.S. national debt is fast approaching $20 trillion. Our debt-to-GDP ratio is above 100%, which is to say that the U.S. has spent over a year's worth of money, but has deferred payment until later. I bet the grandchildren of your grandchildren will be overjoyed at the burden placed on their shoulders. Anyways, you've been given a job. Using current rates and levels displayed by the debt clock, you need to come up with the $20 trillion. Obviously, you don't need to come up with the cash immediately, or even within a year. Granted, even if you nationalized a year's worth of production, you'd still be about a trillion short - and that would have drastic consequences for the economy. Let's simplify this, for discussion's sake. We'll go with the 2015 federal budget allocations. The pie chart should be above. At the time of posting this, the current deficit is just below $520 billion. Eliminating that deficit is in your best interest, but remember that debt compounds. You'll need more than a $1 million surplus to catch up on interest payments. So, how do you come up with the money? You can provide your own numbers for specific policy proposals - I don't mind. I'm curious as to how you rearrange the numbers. Pretend that you have ultimate authority over everything that the state spends money on. Feel free to cut or increase spending as you please. How do you do it? [b]If we get a legitimate discussion, I'll edit in my own preferred method.[/b]

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  • I'd go through all budgetary items line by line, every tax break, and start axing things. Subsidies for very profitable industries. Legal tax havens. All gone. Statutory tax rates would stay the same, but the removal of a lot of tax breaks that are essentially kickbacks for lobbying money will be gone, raising effective rates. Consolidation of our foreign military power. 800 some odd bases and staging areas is far too much. Legalize marijuana. Yay for more revenue. Medical spending: Jump all over the FDAs ass about the monopoly it's helping create in the pharmaceutical industry by preventing cheaper generic versions of otherwise expensive medications to be on the market. From there I'd start consulting people about how to reduce medical spending. http://www.pbs.org/newshour/rundown/why-does-health-care-cost-so-much-in-america-ask-harvards-david-cutler/ Great example ^ I dont have all the answers, but if I'm in charge of the budget I'll find the people that do have them. Entitlements: I'd get a bill drafted that says if your company (only companies with high numbers of employees, how many exactly would have to be figured out. I'm thinking 75-100 would where this begins) is paying their employees wages that entitles them for government benefits then 50% of the cost of those benefits will billed directly to that company by the IRS. Those are my ideas. Should cut into the budget significantly.

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    • Expand military spending. Cut welfare. Invade Canada and sell maple syrup we liberate. Eventually cut all ties with Asian markets. Force European countries to abandon their failing automobile industry and buy strictly American muscle.

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    • Sell confiscated drugs back to Mexico at wholesale.

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    • I can think of a few useless programs and salaries to cut

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      • Make secret mints that print out money to pay our debts

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        • Invade Switzerland

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        • The military don't need that much money. They can operate with half of what they have.

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          • Edited by Nun: 7/6/2016 9:18:45 PM
            1
            Cut the militaries hidden budget. Eliminate research and only build on current systems. Keep cycling that until out of debt.

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          • Cut: everything. Ron Swanson style.

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          • Bump

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          • On the bright side I won't have to push to hard when I shit 😉

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