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Trumpet's interesting Ideas on reducing the national debt

Posted by  $  Olduglycarl 7 months, 1 week ago to Economics
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What-a-ya think?
I like it...with a proviso that when the resources are played out and profit made, the land be "given" back to the States.
SOURCE URL: http://www.wealthauthority.com/articles/how-trump-can-easily-cut-the-national-debt/


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  • Posted by  $  CBJ 7 months, 1 week ago
    Paying down the national debt does not solve the deficit problem or diminish the power of the Fed, but it may be helpful if accompanied by more fundamental reforms.
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    • Posted by  $  7 months, 1 week ago
      Agreed and it does seem he is going down that road...however, everything Calvin Coolidge and Ronald Regan did was eventually undone.

      Maybe we need to invent a type of Financial electric fence or something...Bad Monkey, no spend.

      The figures stated in the article, if accurate, are staggering! That kind of money could even solve all the "unfunded liabilities" as well.
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      • Posted by Mitch 7 months, 1 week ago
        We’ll need a constitutional amendment forcing the legislation to only pass balanced budgets and no more continuing resolutions. Minimize what the government does and this is possible.
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      • Posted by  $  Dobrien 7 months, 1 week ago
        Hi OUC,
        What is needed after addressing the fiscal mess these kakistrates have put US in , is a philosophical shift to enable the individual, enable the capitalism to shape the future free the entrepreneur to create at the same time stop the looting . We need to become conscious of the contradictions and deceptions Seek the truth.
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  • Posted by  $  Temlakos 7 months, 1 week ago
    This is exactly how to restore freedom, in more ways than one. Now concerning "giving back to the States," I would say that under the Constitution, the federal government must not retain that land anyway. Let me remind everyone: "The Congress shall have the power...to exercise exclusive legislation, in all cases whatsoever, over...such lands as may be purchased with the consent of the legislatures of the States in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings." Article I, Section 8, Clause 17b. It says nothing about the federal government owning land for mineral or grazing rights.
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  • Posted by coaldigger 7 months, 1 week ago
    I can't think of any reason for the government to own any non military assets whatsoever. If selling all of the government's non-military assets would eliminate the debt and return the excess to the people, why not?

    The biggest reason I can think of is that much of the proceeds would be stolen, cronies would get under the table deals on prized assets and then they would set out to establish more debt to pay off voters to keep their positions of power.
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    • Posted by bspielb 7 months, 1 week ago
      Like CBJ said, the plan would have to be on the back of some serious governmental reforms. Term-limits would make the under the table deals worthless because there's no guarantee the lawmaker would be around to help the crony. Constant fresh butts in the seats mean it would be hard to get the votes necessary to pass turkey and crony legislation. A balanced-budget with no CR's amendment would help as well. The reforms would have to come first.
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    • Posted by  $  7 months, 1 week ago
      Naturally the proviso would be no cheating or stealing...it's just an interesting idea right now and would likely get the same push back our new Supreme court judge got from the collective left.
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  • Posted by Donald-Brian-Lehoux 7 months, 1 week ago
    First off READ the Constitution. No seriously READ the Constitution because it is "the Supreme law of the land" article 6 paragraph 2 and in th either part it says that the "10 square miles of Washington D.C." shall be the location of the government with the only exceptions being post and forts and land DEEDED to the federal Government BY the states.You are welcome for the civics lesson.
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  • Posted by Mitch 7 months, 1 week ago
    If you sell it, how do you give it back or if you give it back how do you sell it? The federal government swiped the land a long time ago and I agree that they shouldn’t have taking it from the states but that was a different time and government. What is done is done, you can give away what you just sold.

    Are you talking about the land that no one wants? The land that the BLM manages? The BLM needs to go away in my opinion, someone somewhere will buy the land for a price. I say it all goes, any land managed by the government is land going to waste.

    The job of managing land that is protected by law for one reason or another should be bid on, I’m sure some company will form somewhere to manage the land and find a way to make a profit.

    Some of the land that is protect also need to go away…
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    • Posted by  $  7 months, 1 week ago
      Well, my thought was, selling the land for use by the energy and resources sectors, then, when or if the land gets played out, return it to the states...the sectors that made a profit off the land, would no longer have a use for it and it should be up to the states population as to what use the land serve the state best...ie housing, grass lands. industry or maybe recreation.

      There is no reason it can't work this way...everyone or more specifically the people make out all the way around.
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  • Posted by chad 7 months, 1 week ago
    Since the debt is all of the money that was loaned into existence by the Federal Reserve to pay it off would amount to removing all money from the economy and still owing the interest on the debt which would then be impossible to pay off because there would be no money. Asking private enterprise to pay for land the Federal government is not allowed to own is like asking me to buy a car from you that you stole and does not address the debt. The only way to get out of the national debt is to recognize the immorality of fiat currency and declare the debt void because of conspiracy and fraud. Start with a currency that has value and is money. Paying down a fiat currency debt reduces available currency increasing interest (and debt) and continues to confound the average citizen as to why they are enslaved to debt.
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  • Posted by  $  blarman 7 months, 1 week ago
    I would suggest another method: audit the Fed. Let's pull trillions of that funny money back off the market. It was invented in the first place as was the debt it underwrote.
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  • Posted by  $  Dobrien 7 months, 1 week ago
    Best to get started now before the s... hits the fan.Trading some of those mineral rights for US Treasury bonds that then are retired. No funny business
    Long term debt extinguished to the extent that our
    Govt debt is supported by our GDP. The addition of a balanced budget with waste cut.
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    • Posted by  $  7 months, 1 week ago
      You know, since the fed never actually printed paper money and we never asked them too, ...technically...we don't owe them nor china or whom ever...SQUAT!
      The problem is there is not enough paper money if there were a run on the banks...that's why they want to go digital, that's also why they want to collapse the system first...all that non existent money will just disappear along with your savings, 401's and IRA's.
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