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Ways to pay down the Govt debt...
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<blockquote data-quote="Lue C Fur" data-source="post: 756168" data-attributes="member: 25159"><p>Government can be scaled down to eliminate this structural deficit. The federal government must begin to divest itself of things that rightly and provably can be provided for by the private sector, and use that money for debt reduction while the economy recovers and can grow at a faster pace than the debt.</p><p></p><p>Examples of things that can be done immediately include:</p><p></p><p>1) selling off and opening up the 650 million acres of federal land for extraction and development by the private sector,</p><p></p><p>2) unwinding the $5 trillion Government Sponsored Enterprises Fannie Mae and Freddie Mac and bringing an end to government-induced housing finance,</p><p></p><p>3) selling off the shares of bailed-out companies like GM and Chrysler,</p><p></p><p>4) eliminating whole departments and agencies that are unproductive,</p><p></p><p>5) scaling back the federal workforce by 50 percent as the Baby Boomer generation retires,</p><p></p><p>6) ending worthless "stimulus" programs,</p><p></p><p>7) abolishing federal subsidies of sectors like agriculture,</p><p></p><p>8) bringing an end to the bailouts once and for all, and</p><p></p><p>9) repealing government takeovers like ObamaCare and the Dodd-Frank financial legislation.</p><p></p><p>That's just for starters. Structurally, the greatest problem the nation faces fiscally is the unchecked growth of entitlement spending. These programs need to be phased out over time by allowing younger workers to invest in their own retirements and health savings, while guaranteeing the obligations of the Baby Boomers. This would automatically limit the universe of liabilities owed to these programs.</p></blockquote><p></p>
[QUOTE="Lue C Fur, post: 756168, member: 25159"] Government can be scaled down to eliminate this structural deficit. The federal government must begin to divest itself of things that rightly and provably can be provided for by the private sector, and use that money for debt reduction while the economy recovers and can grow at a faster pace than the debt. Examples of things that can be done immediately include: 1) selling off and opening up the 650 million acres of federal land for extraction and development by the private sector, 2) unwinding the $5 trillion Government Sponsored Enterprises Fannie Mae and Freddie Mac and bringing an end to government-induced housing finance, 3) selling off the shares of bailed-out companies like GM and Chrysler, 4) eliminating whole departments and agencies that are unproductive, 5) scaling back the federal workforce by 50 percent as the Baby Boomer generation retires, 6) ending worthless "stimulus" programs, 7) abolishing federal subsidies of sectors like agriculture, 8) bringing an end to the bailouts once and for all, and 9) repealing government takeovers like ObamaCare and the Dodd-Frank financial legislation. That's just for starters. Structurally, the greatest problem the nation faces fiscally is the unchecked growth of entitlement spending. These programs need to be phased out over time by allowing younger workers to invest in their own retirements and health savings, while guaranteeing the obligations of the Baby Boomers. This would automatically limit the universe of liabilities owed to these programs. [/QUOTE]
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