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A Clear-Cut Solution to the U.S. Government's Yearly Budget Deficit Problem

Discussion in 'News & Current Events' started by KenH, May 31, 2023.

  1. KenH

    KenH Well-Known Member

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    A clear-cut solution to the United States government's yearly budget deficit problem:

    Freeze total spending, with no increase for inflation, until the growth in yearly revenue matches the yearly expenditures. Now, as long as the total amount of spending remains the same, then individual items in the budget can go up as long as they are offset by decreases in other individual items. Once the budget is balanced, probably around 5-7 years or so, then yearly expenditures can rise to match any increase in yearly revenue. If the Congress wants to speed up the process, then they can increase revenues faster or actually reduce the amount spending; but the minimum restraint would be to not increase total spending, with no increase for inflation, year-over-year until revenue catches up to spending.

    None of this is to indicate that I agree with the federal government being involved in pretty much every nook and cranny of the United States economy and the lives of individual citizens. I am a minarchist and I think that government, especially the federal government, should be restricted to the police power, the military power, and the courts. I realize, though, that minarchists are a tiny, tiny fraction of the population of the United States(unlike 130 years ago when Grover Cleveland was president), so if the budget is to be balanced, then it will have to be balanced with the federal government at pretty much its current size, scope, and reach.
     
  2. Salty

    Salty 20,000 Posts Club
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    Why do we send our Federal tax to DC - then DC sends it to the States/Commonwealths - the S/C send it to local govts? 1) you are paying people to send the money back -2) just let local govts tax for their district and save a lot of hassle
     
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  3. 37818

    37818 Well-Known Member

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    How would we design a law to fix the, otherwise, needless back and forth with our tax dollars? Reverse tax returns, only pay what we wouldn't get back?
     
  4. Salty

    Salty 20,000 Posts Club
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    simple - no aid from a "higher govt" each tax district takes care of their own needs
     
  5. 37818

    37818 Well-Known Member

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    How would it be designed to do that? There are distinct costs for different issues. And unique for different locations.
     
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