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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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?
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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.

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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.

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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”? [/quote]

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.

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