How To Pay Off the $40 Trillion National Debt

Of course Bernie means well, but a 5% annual tax is insufficient to make real, permanent change needed by the Working Class and Low-income Americans.

Bernie needs to realize that employers will NEVER pay a righteous living wage.

In other words, we need to use the full faith and credit of the U.S. government to subsidize ESSENTIAL COMMODITIES instead GIVING FEDERAL SUBSIDIES AND TRILLION DOLLAR TAX BREAKS TO Big Oil & Gas, Big Pharma, Big Tech, privately-operated manned space exploration.

IF we federally-subsidize ESSENTIAL COMMODITIES, then such an act would free up over half the budget of families and individuals.

We need to impose a 40% tax on any individual or corporation who has over $500 million in assets.

Mike, I share your concern about paying off the national debt.

I studied this for 25 years and I have the best plan to pay off the entire national debt - $40 trillion - in an afternoon, WITHOUT imposing austerity measures.

I worked for a Senator and Congressman and I can tell you that Congress will never pay off the national debt by cutting corners and tightening belts.

In fact, Democrats and Republicans KNOW THIS and use the national debt as an excuse to cut federal programs, while both parties use the full faith and credit of the U.S. government to subsidize trillion dollar tax cuts for the rich and subsidize BIG OIL & GAS, BIG PHARMA, BIG TECH and their favorite special interest groups.

It's a BIG CLUB Mike, and you and I ain't in it.

So what's the solution?

The solution is to STOP hocking our government to foreign and private rich investors who reap big returns on buying T-bills and securities; and to END the Federal Reserve practice of selling T-bills to fund U.S. gov't operations, obligations and programs.

THE SOLUTION is for Congress to utilize their constitutional authority to produce a USCC (U.S. Currency Certificate) in the amount of $60 trillion, deposit said USCC into U.S. gov't banks accounts at the U.S. Treasury Dept. to finally pay off the $40 trillion national debt once and for all and never sell T-bills to investors ever again.

We use the remaining $20 trillion to fund U.S. gov't operations, obligations and programs for the next four years.

Problem is, dirty PAC-funded Democrats and Republicans will never go against their BIG DONORS, and paying off the $40 trillion national debt is the LAST THING BIG DONORS AND BIG BANKERS WANT TO DO.

We the People should use the full faith and credit of the U.S. government to subsidize ESSENTIAL COMMODITIES by redirecting trillions of tax dollars that have been going to tax cuts for the ONE PER CENT GANG and end trillions in federal subsidies for BIG DONORS, i.e., BIG OIL & GAS, BIG PHARMA, BIG TECH and special interest groups.

This is the ONLY REAL WAY TO EVER LEVEL THE ECONOMIC PLAYING FIELD.

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