National Fundraiser to Pay Down US Debt

[Anonymous]

Good grief. No. I pay $140,000 a year in taxes and Trump and Elon are lining their own pockets with that. I’m not “donating” anything toward their smash and grab and shakedown, no.

Trump is responsible for more than 25% of that. He can pay for it.

[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?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

[Anonymous]

Anonymous wrote:

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”?

No. He and democrats squawked continuously as Newt Gingrich held his head underwater until he saw the light and the 1994 midterms kicked the democrats a...

Then we got "the era of big government is over speech".

Go back and review the 1995/1996 news.

[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?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

[Anonymous]

A better idea is a debt jubilee.

[Anonymous]

Anonymous wrote:A better idea is a debt jubilee.

How is that a better idea?

[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?

The Republican just did the opposite of what you are proposing. The Republican pushed a lot more of the responsibility to fund the poor to the
States. This is actually a step in the right direction. Why should the wealthier blue areas have to fund poor red states? Those red states hate with every fiber in their bodies democrats. They want to see every democrat dead but still want the Dems to pay for them.

Too bad. Hopefully 90% of the hospitals and schools close in red areas.

[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?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

[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?

The Republican just did the opposite of what you are proposing. The Republican pushed a lot more of the responsibility to fund the poor to the
States. This is actually a step in the right direction. Why should the wealthier blue areas have to fund poor red states? Those red states hate with every fiber in their bodies democrats. They want to see every democrat dead but still want the Dems to pay for them.

Too bad. Hopefully 90% of the hospitals and schools close in red areas.

I’m starting to feel this way. Tired of bailing out red states who refuse to fund basic thing in their state like clean water or public education and then go and vote someone like Trump into
Office.


And hurricane season will be heating up Early.

[Anonymous]

Anonymous wrote:

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?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

[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?

The Republican just did the opposite of what you are proposing. The Republican pushed a lot more of the responsibility to fund the poor to the
States. This is actually a step in the right direction. Why should the wealthier blue areas have to fund poor red states? Those red states hate with every fiber in their bodies democrats. They want to see every democrat dead but still want the Dems to pay for them.

Too bad. Hopefully 90% of the hospitals and schools close in red areas.

I’m starting to feel this way. Tired of bailing out red states who refuse to fund basic thing in their state like clean water or public education and then go and vote someone like Trump into
Office.


And hurricane season will be heating up Early.

Oh and then pass universal vouchers so that families, mostly wealthy, who already have kids in private school can get a state handout. These states deserve to live with the consequences of their own bad choices. No more bailouts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

It is called Tax Day, April 15. And the billionaires who benefited from the infrastructure and research that created the conditions for them to become billionaires, should all pay their fair share.

Actually, half the country that pays no income taxes should start paying their fair share, and not skating over others all the time.

Talk to republicans about that. They just passed a bill with even more dumb ideas and gimmicks.

You’re a senior? You get $4k more
You’re a waiter? You don’t pay tax on tips!
You rely heavily on overtime? You don’t pay tax on overtime!
You had a baby? Here’s a $1000 Trump account.

Mainly this Will mean the wealthy will figure out how to reclassify their income as tips or overtime but it will also mean that some protected groups of low income people will pay even in less in taxes than other low income people.

I'm sorry, but the top 50 percent of tax payers pay 97% of the total tax burden, today.

The bottom 50 percent pay the remaining 3%. That's just a fact.

Like I said talk to republicans who just carved out new special
Low income groups

[Anonymous]

You could get all the billionaires in the US to split the debt.

[Anonymous]

You are welcome to donate to the US government:

https://fiscal.treasury.gov/public/gifts-to-government.html

The problem is that, if this happened en masse, the same fiscally irresponsible Congress would find some way to spend the excess or cut tax revenue, rather than allowing the donations to reduce the national debt.

[Anonymous]

Also, there was a movie about this--Americathon--which is shockingly accurate. In it, the US has an incompetent president, an enormous debt, and everything is made in China and of poor quality. Also, Meat Loaf smashes a car. It's not good, but it is interesting to watch it now.