Talk of The Villages Florida - View Single Post - How to pay for all this new debt
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Old 04-12-2020, 10:32 AM
DON10E DON10E is offline
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BC, (Before Corona) tax revenue to the US Government was at an all time high. We collected more in taxes than ever in history. You'd think that would allow us to take care of business AND pay down some of the debt. But instead, we spent so much money that we ate up all the record income, but borrowed another Trillion.

The issue is not how to raise the money. The issue is how to compel these short sighted politicians to use the money to pay back what we've borrowed. The interest alone on the debt is about $500 BILLION per year. Imagine the good we could do with that money, or the stimulus we could provide to the private economy to generate even more tax revenue and a better quality of life.

Solve the real problem.