...........if all the donations to the presidential election went to the debt how fast would it be paid off......
Cool idea but it would still take years. I have to write down $1,000,000,000.00 occasionally just to give myself a reality check that there are 1000 millions in a trillion.
Oops, messed that up be a factor of 10. See how bad it really is...
You're assuming that they would stop spending. It doesn't work that way. To the government more money coming in only means that their credit lines will increase. Allowing them to spend and borrow even more.
Michael
Michael
If you spent a million a day from the time "jesus" was born till now, you still wouldn't have spent a Trillion.
Well... let's play with some math.
The US national debt is currently near 10 trillion. wiki
If I got my zeros correct that's $10,000,000,000,000.
The US population is currently at 314,526,000 people. wiki
If you assume 20% of those are non-working children, then the working population is 251,620,800 (including retired people).
If you divide the debt equally among the people (working and retired), then it's $39,742 per person. That's one big bill.
I'm not sure presidential elections donations is anywhere near the amount required.
But if you take the total debt and pay it out over, ...say 10 years - then it's only $4000 per person per year in extra taxes.
(Assuming the politicians don't spend us further into more debt.)
Would you be willing to carry $4000 ***MORE*** in taxes for 10 years? (above and beyond your current tax load)
I might, providing those idiots in Washington would actually pass a constitutional bill to REQUIRE a federal balanced budget - and no future debt spending.
Of course, there's always the discussion of raising taxes or cutting spending. That's not really my intent, and honestly it's six of one - or half-a-dozen of the other.
I would pay more in taxes for 10 years, to ensure my child inherits a strong nation and future.
The US national debt is currently near 10 trillion. wiki
If I got my zeros correct that's $10,000,000,000,000.
The US population is currently at 314,526,000 people. wiki
If you assume 20% of those are non-working children, then the working population is 251,620,800 (including retired people).
If you divide the debt equally among the people (working and retired), then it's $39,742 per person. That's one big bill.
I'm not sure presidential elections donations is anywhere near the amount required.
But if you take the total debt and pay it out over, ...say 10 years - then it's only $4000 per person per year in extra taxes.
(Assuming the politicians don't spend us further into more debt.)
Would you be willing to carry $4000 ***MORE*** in taxes for 10 years? (above and beyond your current tax load)
I might, providing those idiots in Washington would actually pass a constitutional bill to REQUIRE a federal balanced budget - and no future debt spending.
Of course, there's always the discussion of raising taxes or cutting spending. That's not really my intent, and honestly it's six of one - or half-a-dozen of the other.
I would pay more in taxes for 10 years, to ensure my child inherits a strong nation and future.
The debt clock reads over 16 trillion, there is no way out, unless they ( the U.S. gov.) devalues our dollar, which they are currently doing, so I guess everything will be OK after all.
Lets just do what Iceland did...
How bout we bring the troops home? Can't civilize savages. That will save billions.
Then use those troops to secure the borders. Meanwhile, round up and deport the illegals, or, crimigrants. That will save billions. Maybe trillions.
Money contributed to presidential campaigns is a drop in the bucket compared to the above.
Then use those troops to secure the borders. Meanwhile, round up and deport the illegals, or, crimigrants. That will save billions. Maybe trillions.
Money contributed to presidential campaigns is a drop in the bucket compared to the above.
16 trillion seems like a huge number, kinda like 2-3 trillion was in the early 80's under Reagan. They said our grand kids could never pay it down. They said the WW2 generation would kill Social Security. They said the US was sinking fast. They said Japan owned the US. The oil would dry up. The auto industry was collapsing. We had a housing crisis. We had banking issues, loans were hard to get. We were on the edge of WW3.
Poop, we've seen and heard this before, it sucked but the late 90's came, we recovered.
Seems like another boom/bust cycle.
Poop, we've seen and heard this before, it sucked but the late 90's came, we recovered.
Seems like another boom/bust cycle.
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