let's solve the USA debt crisis
- Thread starter purple2
- Start date
Warren Buffets idea
"pass a law that says whenever there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. This way, the government would be incentivized to keep the budget balanced, as their political future would depend on it."
i have some ideas:
why do we need Dept of Education? their budget is $81billion
why do we need Dept of Education? their budget is $81billion
FYI on US budget
fiscal year ending............2023.........2022.....2021....2020...2019...2018
TOTAL REVENUE..........$4.4trillion.....4.9........4.1.......3.4......3.4......3.65
TOTAL PAYOUT..............$6.1trillion.....6.3........6.8......6.5.......4.4......4.1
DEFICIT............................$1.7trillion.....1.4.........2.7......3.1........1.0......0.44
why can't we go back to 2018/2019 payouts?? even adjusted for 20% inflation it would be under $5 trillion
fiscal year ending............2023.........2022.....2021....2020...2019...2018
TOTAL REVENUE..........$4.4trillion.....4.9........4.1.......3.4......3.4......3.65
TOTAL PAYOUT..............$6.1trillion.....6.3........6.8......6.5.......4.4......4.1
DEFICIT............................$1.7trillion.....1.4.........2.7......3.1........1.0......0.44
why can't we go back to 2018/2019 payouts?? even adjusted for 20% inflation it would be under $5 trillion
2023 GDP is $27 trillion
even that would allow $810billion deficit spending
that would be a good start--maybe 2% would be even better (would probably need to have an 'out'--like the rule is suspended if we are in a declared war, although we may would just start a war so they could spend more)
I should have ask should government sponsored programs be allowed to unionize and if they do, does it increase that departments budget ? I am not exactly sure how the teachers union is involved with the department of education .
