CBO expects federal debt to double over next 30 years

[David Horn]

(03-07-2021, 09:11 PM)Adar Wrote: Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.

Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.

Those who fail to learn from history are doomed to repeat it.

Simple solution: raise taxes --a lot!  Second solution: start auditing the wealthy instead of the poor, and be aggressive about it.  Just those two should raise well over $1Trillion a year.