Talk of The Villages Florida - View Single Post - At what point does debt become unsustainable?
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Old 07-05-2024, 12:21 PM
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Quote:
Originally Posted by SoCalGal View Post
To countries we owe money to, we should say, "For the foreseeable future, we can pay only principal, not interest, until the debt is paid. This may change; we'll let you know."

To government leaders, we should say, "Reduce the size of government by at least 25% within five years, or we, the taxpayers, will stop paying taxes." With enough citizens withholding taxes, there's no way the IRS could pursue them all.

To the American people, our leaders should say, "We must undertake an austerity program. We can no longer pay for other countries' security; they must pay us."

The above would be just a start, but I believe we can greatly reduce the national debt.
We could if there was interest in doing so.

Or no foreign aid till debt paid and only after balanced budget.