Reducing government debt

Discussion in 'Economy' started by Chapelle, Feb 11, 2011.

  1. Chapelle
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    Chapelle Rookie

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    Many voice ways to reduce the current government debt, as long as it doesn’t affect them and/or their financial status.

    Think about this: A 1% - 2% pay cut for government officials including federal, state, and local (city/town). Including administration (President, governors, mayors, local council members, and directors of federal/state programs and city programs. All legislative branches (Congress/Senate). With a moratorium for 3-5 years. With no pay increases.

    Many federal, state, and city employees are not just foregoing raises but also taking pay deductions with mandated administrative days off without pay. It is time for government to become equal participants with their constituents and share the duty and responsibility of the financial upheaval.

    The money would be mandated to go directly to the deficit of each contributing entity, e.g. city to city deficit; state to state deficit, and federal to federal deficit – not to create or enhance current programs or pet projects.
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says things ain't gonna get better as long as we drownin' in debt...
    :eusa_eh:
    THE HILL POLL: US future depends on cutting debt, voters say
    03/07/11 : Likely voters overwhelmingly believe deficit reduction is crucial to America’s future, but generally oppose raising revenue through tax reform to cut those deficits, a new poll conducted for The Hill found.
     

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