I mean, what are the libertarians answers? Elect me, I'll dismantle everything.
What are you going to cut? You’re not cutting your way through trillion dollar deficits without setting off a massive recession, harming a lot of people, or raising taxes.
You're right that the steps to rectify the problems that ail us will be very tricky to deal with without causing massive issues. In fact, due to the dishonesty of the media and hyper-partisan climate we live in, I'm not sure it's even possible. But... if given the opportunity, here's what I would suggest.
- Small increase in Medicare tax rate to help balance that out. It should be a separate line item in our budget and a neutral proposition. I'd love to get rid of it completely for something that would be far better but we can't do that right now.
- Small increase in SS tax rate and increase in salary horizon to generate more $$. We should individualize (Not privatize) SS for all workers under 30. Then we can figure out how to supplement lower income workers to help them keep an even playing field with their SS accounts.
- Removal of all separate pension and health benefits for members of Congress. They should be part of the VA plan while serving in Congress. If they want to have a 401k, that would be fine. Otherwise, they are treated just like everyone else.
- Dissolution of a number of departments in our government starting with Education. Public education is not a federal matter. It is a state matter and funding for education should be handled at the state level.
- Top down assessment of our military budget. Yes, we need to have the best military in the world but those who think it's done without tremendous waste and corruption are fooling themselves. We need an open, honest process for review of military expenses that won't damage our capability. Also, get rid of all the woke crap in our military. Their job is the kill the enemy and nothing more. This isn't a social experiment.
- We need a balanced budget amendment or something of the sort. We have to get control of our deficits. Doing the above would enhance funding in targeted areas that are out of control. The rest would come from not replacing retiring government workers in an effort to trim about 75% of the federal workforce. Far too many people working for the government.
- We need to get back on the Bretton Woods system. We need to abolish the Fed as we know it now. It is absurd to think a handful of people should have so much influence over the largest economy in the history of the world. No, no.... they are out!
- Once we deal with our deficit, we need an iron-clad short term sales tax to retire the national debt. This would have to be something we couldn't exploit or use for any other purpose. Once the debt is reduced to a certain level, the tax sunsets and we are done.
- All these other small, targeted tax increases combined with a reduction in the size and scope of government would allow us to lower income taxes even more. Also, every American should pay income taxes if one American pays income taxes. Even if it's a very small amount. We all should contribute.
I could go on and on but this would be the start at least.