Sunday, July 22, 2018

The Ultimate Solution to the Spiraling National Debt

by ranfuchs (writer), CT, USA, February 21, 2010

Printing money seems to be the government's only solution to all our financial problems. A small improvement of the practice may save America from its spiraling debt

The solution to the spiraling American national debt crisis is quite simple. Instead of the government printing money they don’t have, they should allow us, citizens, to print money directly. This ingenious policy has three advantages over our current, post-financial-crisis, system:

First, if individuals are only allowed to print physical money, they can’t print it faster than the government, so the overall increase of national debt will cool down.

Second, as the money will be in our hands, we will consume more, which will help refuel the struggling economy (after all, how many new houses or cars can the few rich financiers that receive most of our tax payer money buy?)

Third, the government will be able to tax us more, but as we'll be able to print it, even the Republicans wouldn’t mind. The additional debt will help the government close the public debt, and allow the Democrats pass the Health Bill, which will make it the very first time in American history that a policy satisfied both parties - a great way to alleviate our growing bipartisanship problem.

Naturally, all citizens will have to declare that they will not print more than they need to. But as we can include it in our tax return declaration every year, it will even be easier and more efficient to handle than the presidential election.

About the Writer

ranfuchs is a writer for BrooWaha. For more information, visit the writer's website.
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2 comments on The Ultimate Solution to the Spiraling National Debt

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By ranfuchs on February 22, 2010 at 12:12 pm

not sure. Why didn't you think about it? :)

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By lestat_B on March 02, 2010 at 12:44 am

It's agreeable. Individual printing of money will still lessen financial crisis, debts and notorious fraud of taxes, like IRS audit. Something that is essential to do is make sure all your information is accurate on your tax return, because if it isn't, and is chronically so, be sure to expect an IRS audit. No one wants one, period; and you can wind up facing charges of defrauding the IRS, and the penalties that you can face will send you running for payday loans at the very minimum. If you have an audit upcoming, or think you might have one coming down the pipe, have any and all relevant tax documents on hand, including any W4 or related tax statement paperwork.

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