How to Reduce, if not Pay Off Entirely, the US Debt

[JimBowie1958]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

 

[Toddsterpatriot]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)


View attachment 337884

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

That will result in the Trust Funds being depleted quicker.

 

[Billy_Kinetta]

1) Land sales ONLY to Americans. Resales restricted to Americans.

2) Yes.

3) Yes

4) You'll not see a BBA in this generation.

 

[Mikeoxenormous]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)


View attachment 337884

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

Of course we could do like Bill Clinton who signed Newts contract with America, and limit the poor to only 5 years of welfare, then it is cut off. Find a fucking job, create a business, stop being fat lazy liberal fucks...Take that Trillion dollars wasted every year, pay it towards the debt and soon the debt would be gone.....

The War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.
The War on Poverty Has Cost $22 Trillion - NCPA
ncpa.org/sub/dpd/index.php?article_id=25288

 

[JimBowie1958]

4) You'll not see a BBA in this generation.

I think we will see it by 2030.

The old FDR Tammany Hall style federal political patronage system is coming to a crashing end.

We will either have a suitable BBA soon (within 20 years) or we will finallyy scare the Arabs off using USD for petro payments then it truly crashing with runaway hyperinflation.

 

[TroglocratsRdumb]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)


View attachment 337884

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

but what if the Chinese buy it

 

[Andylusion]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)


View attachment 337884

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

1. Sell off all Federal owned land.

Good.

2. Cancel Chinese bonds.

Terrible idea, unless you plan to have a balanced budget, because the moment you do that, there will be a crisis in the bond market.

3. Defer intra-government interest payments.

This will cause mass devastation across the entire country. Whether we like it or not, many state and local government bodies, depend on those interest payments.

Should they? No. But the fact is they do. If you fail to pay back your debts, this will cause dozens of local and state governments across the country to go into bankruptcy.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Social Security is a myth anyway. But denying that interest payment will simply cause more havoc, and cause a loss of faith in the Federal Government to keep it's obligations. The result will be a crisis in the bond market.

If you intend to do this, then we absolutely must have a balanced budget, before we do it. Because you will be borrowing at massive interest rates after you do this, or not borrowing at all.

4) Grow the economy after passage of a Balanced Budget Amendment.

This will only work with entitlement reform. Entitlements have a roughly $122 Trillion in unfunded liabilities.

Meaning, that based on the numbers we have today, based on the entitlement laws we have on the books, based on the projected tax revenue in the future.... We right now are on the hook for roughly $122 Trillion dollars in future costs, and we have no projected income for it.

In other words.... there is absolutely no possible way to out-grow the amount of money we owe.

We must have entitlement reform, or nothing else matters.

 

[Andylusion]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)


View attachment 337884

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

but what if the Chinese buy it

Not a big deal. It's not like they can float the land back to China or something.

If they buy it... so what? If they farm it, the food will be produced here.
If they build a hotel on it, the staffing and services will be produced here.

Not big deal.

 

[Manonthestreet]

End all bureaucratic Federal pensions.

 

[JimBowie1958]

but what if the Chinese buy it

We slap their hands and say, "No zzzoop foe you!"

 

[JimBowie1958]

End all bureaucratic Federal pensions.

I thought libertarians were against theft and contract fraud?

 

[Aletheia4u]

It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.

New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...

www.bea.gov

Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government. ​

1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)


View attachment 337884

The Federalis own way too much of the USA.

2) Cancel Chinas US Bonds ($1.3 trillion.)

Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.

3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)

For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.

This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.

Now that is about half the total debt, but here is the real final solution:.....

4) Grow the economy after passage of a Balanced Budget Amendment.

We would grow ourselves out of the current debt in about ten years with this all by itself.

That is what the Elites wants. They are plotting to buy up the lands for a cheap price. Especially from those that couldn't pay their mortgages because of this pandemic. This pandemic has set people behind in their notes. And a lot are not going to have a job to come back too.
They are just reaping the fruits of their labor. This Green new Deal is going to make them to have control over the fuel market.
They are manufacturing major catastrophes like wildfires and floods. Even including pandemics.
They are trying to coral all of the people into small gated communities and studio apartments. I've noticed that these gated communities are getting smaller and smaller. That these gated communities are going to be as small as a neighborhood block. .
They has been buying up land all over the world, and turning them into farmland so that they can plant their GMO sugar cane to turn into fuel for this Green New Deal. But stop fossil fuel manufacturing.

Genetically modified sugarcane for bioenergy generation

Sugarcane breeding has significantly progressed over the past 30 years, but attempts to further increase crop yield have been limited due to the compl…

www.sciencedirect.com

Why is George Soros Selling His Gold and Buying Farmland?

www.benzinga.com

GMO rice could reduce greenhouse gas emissions, study says

Over half the people on the planet eat rice as a staple food.

www.latimes.com

 

[Aletheia4u]

But the best way to reduce the deficit?

Monetary reform - Wikipedia

en.wikipedia.org

 

[Aletheia4u]

 

[Toddsterpatriot]

But the best way to reduce the deficit?

Monetary reform - Wikipedia

en.wikipedia.org

Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs

Full reserve banking? How is that a good idea? What problem does that solve?

 

[Aletheia4u]

But the best way to reduce the deficit?

Monetary reform - Wikipedia

en.wikipedia.org

Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs

Full reserve banking? How is that a good idea? What problem does that solve?

 

[Aletheia4u]

 

[Toddsterpatriot]

But the best way to reduce the deficit?

Monetary reform - Wikipedia

en.wikipedia.org

Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs

Full reserve banking? How is that a good idea? What problem does that solve?

Does any of that answer my questions?

Full reserve banking? How is that a good idea? What problem does that solve?

 

[Aletheia4u]

But the best way to reduce the deficit?

Monetary reform - Wikipedia

en.wikipedia.org

Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs

Full reserve banking? How is that a good idea? What problem does that solve?

Does any of that answer my questions?

Full reserve banking? How is that a good idea? What problem does that solve?

Bank run - Wikipedia

en.wikipedia.org

 

[Toddsterpatriot]

But the best way to reduce the deficit?

Monetary reform - Wikipedia

en.wikipedia.org

Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs

Full reserve banking? How is that a good idea? What problem does that solve?

Does any of that answer my questions?

Full reserve banking? How is that a good idea? What problem does that solve?

Bank run - Wikipedia

en.wikipedia.org

So banks should never lend out your checking or savings account deposits, because bank runs?
When is the last time, before Schumer's fuck up, that a bank run was a thing?