National Fundraiser to Pay Down US Debt

[Anonymous]

The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

[Anonymous]

I welcome the top 0.1% to contribute $100,000 each. $1,000,000 for each billionaire.

[Anonymous]

People are selfish. People don't care. Most truly do not and many would t have enough. You realize most people live paycheck to paycheck? You'd really have to make this mandatory but if it were it would be so effective I agree! Otherwise, you'd have to appeal on such a wide emotional berth to pull everyone's heartstrings for this to impact. But whatever amount counted is still more than not!

[Anonymous]

You're doing MAGA math. It'd be $105,000 per person. So you kicking in $420,000?

[Anonymous]

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

You know why we still have a national debt?

In 2000 Bill Clinton came really close to completely paying off the national debt. Then Bush got elected president and decided Americans needed a tax cut. This was before 9/11. The argument to the public was you deserve a tax cut. The argument to Congress was that having a national surplus would be really destablizing to global markets because US assets were the backbone of the global financial system.

Fiscal hawks in Congress bought the argument. Bush got his tax cuts and then expanded government (Medicare drug costs, post-9/11 expansion, wars in Iraq). And Republicans have doubled down on more tax cuts every chance they get.

[Anonymous]

105 dollars raises about 34 billion. That's a LOOOOOOOONG way to 36 trillion.

It would be about 105 thousand dollars per person..

Wehn di math die?

[Anonymous]

Anonymous wrote:105 dollars raises about 34 billion. That's a LOOOOOOOONG way to 36 trillion.

It would be about 105 thousand dollars per person..

Wehn di math die?

When did math die?

At the same time my spelling id. . .

[Anonymous]

Anonymous wrote:

Anonymous wrote:105 dollars raises about 34 billion. That's a LOOOOOOOONG way to 36 trillion.

It would be about 105 thousand dollars per person..

Wehn di math die?

When did math die?

At the same time my spelling id. . .

I give up.

[Anonymous]

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

You know why we still have a national debt?

In 2000 Bill Clinton came really close to completely paying off the national debt. Then Bush got elected president and decided Americans needed a tax cut. This was before 9/11. The argument to the public was you deserve a tax cut. The argument to Congress was that having a national surplus would be really destablizing to global markets because US assets were the backbone of the global financial system.

Fiscal hawks in Congress bought the argument. Bush got his tax cuts and then expanded government (Medicare drug costs, post-9/11 expansion, wars in Iraq). And Republicans have doubled down on more tax cuts every chance they get.

He didn't come close to paying off the national debt, he closed the deficit (which is annual spending) and got a surplus (also annual). Even so it is now 7x what it was then. Not a time for tax cuts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

You know why we still have a national debt?

In 2000 Bill Clinton came really close to completely paying off the national debt. Then Bush got elected president and decided Americans needed a tax cut. This was before 9/11. The argument to the public was you deserve a tax cut. The argument to Congress was that having a national surplus would be really destablizing to global markets because US assets were the backbone of the global financial system.

Fiscal hawks in Congress bought the argument. Bush got his tax cuts and then expanded government (Medicare drug costs, post-9/11 expansion, wars in Iraq). And Republicans have doubled down on more tax cuts every chance they get.

He didn't come close to paying off the national debt, he closed the deficit (which is annual spending) and got a surplus (also annual). Even so it is now 7x what it was then. Not a time for tax cuts.

Plus GW doubled it, in part with his ill-chosen Iraq war.

Could be worse, if we had 1980-81 interest rates. . . . also as % of GDP it has dropped since the first half of 2020. Although with GDP dropping. . .

[Anonymous]

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

I see maf isn't yer thang.

[Anonymous]

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

Child, Trump would take your money and funnel it into one of his bitcoin scams.

[Anonymous]

Anonymous wrote:You're doing MAGA math. It'd be $105,000 per person. So you kicking in $420,000?

You’re right!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: The US Debt is 36 trillion and if you divide that by the number of people in the US (340M), that’s just $105 per person. Of course that includes kids and the poor, but I’d be happy to give a one time contribution of $420 dollars to pay down the debt. And I’d be willing to double or triple that to cover other families.

Why can’t we have a massive national fundraiser to deal with the debt problem and start with a clean slate budget-wise? Also, politicians could donate any campaign surpluses to pay off debt. The mega rich could donate large sums as well.

There should be a mechanism to ensure any donated dollars would go directly to paying off the national debt.

Isn’t this doable?

You know why we still have a national debt?

In 2000 Bill Clinton came really close to completely paying off the national debt. Then Bush got elected president and decided Americans needed a tax cut. This was before 9/11. The argument to the public was you deserve a tax cut. The argument to Congress was that having a national surplus would be really destablizing to global markets because US assets were the backbone of the global financial system.

Fiscal hawks in Congress bought the argument. Bush got his tax cuts and then expanded government (Medicare drug costs, post-9/11 expansion, wars in Iraq). And Republicans have doubled down on more tax cuts every chance they get.

He didn't come close to paying off the national debt, he closed the deficit (which is annual spending) and got a surplus (also annual). Even so it is now 7x what it was then. Not a time for tax cuts.

He absolutely did come close to paying it off. Those annual surpluses stemming from his tax increases, economic growth from internet heyday, and his admin’s government reforms would have led to US paying off national
Debt entirely. All the think tanks and Greenspan were debating the consequences of that and Greenspan sold the idea to Congress skeptical of cutting taxes and returning to deficits.

Remember Dick Cheney s “deficits don’t matter”?

[Anonymous]

Anonymous wrote:You're doing MAGA math. It'd be $105,000 per person. So you kicking in $420,000?

MAGA is so damn dumb.