Crazy blogger keeps reading that the U.S. interest on the national debt is more then the US takes in from revenue. Well I have a suggestion which the conservative old farts would be shocked. Slightly raise taxes on Medicare and on Social Security along with ending the cap Social Security.
Why would should this be done. It would strengthen both where you wouldn’t have to pay creating a bank of the United States were it strictly could borrow and not have to pay until a long time into the future. It would also protect the future payouts of those two government programs.
On paper you have debt, but in real life you are not paying it as you are now.
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If the U.S. was serious about paying off it debt and still have a vibrant country it would increase slightly the capital gains tax.
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