Raise taxes (14%) – "America houses some of the most lucrative corporations and people in the world, but this deficit directly endangers services that the rest of us rely on (Social Security and Medicare). It’s time for the people and companies who have reaped unprecedented wealth on the backs of American workers to finally pay their share."
Cut spending (39%) – "The amount of money our federal government collects from us, and in turn spends, is outrageous. Until we elect politicians who are serious about reining in our spending addiction, we are headed for disaster."
"In my opinion we should begin with the spending on government contracts which need to be looked at with a fine-tooth comb. The fees being charged by many, if not most of these companies needs to be closely regulated."
Print more bonds/money to cover interest (8%) – "All of the other options come with side effects too costly to bear. This is our only solution for the time being, until our mindset around the national debt changes."
Some combination of the above (23%) – "Cutting expenses and raising taxes should be the goals, in order, of any legislative ir executive body that wants to lower our debt. In vs. Out; it's a very simple equation. Printing more money, as we have seen, contributes to heavy inflation. The difficulty is that we don't live in a national culture of frugality, and our needs and wants are only increasing at home and abroad. Trying to tax people further won't lead to a happy population, nor will cutting spending on social safety nets (the largest expense). And of course, we project soft and hard power through foreign aid, whether through Deptartment of State and affiliates or through the Department of Defense. Any cuts will have to sacrifice either power or comfort."
"We need a better understanding of the difference between national debt and consumer debt, specifically the importance and even necessity of having national debt. At the same time, I don't think that means we shouldn't rein in our national spending. We should. But I don't think anyone really thinks about how difficult it would be to change how we as a country spend and all of the people who would be impacted by it. Because it's not gonna hurt the millionaires and billionaires -- it's gonna hurt the average citizen."
Nothing needs to be done (7%) – "Having some national debt is a good thing. As long as we don't keep adding to the debt at a breakneck pace, America will be okay."
Other/unsure (9%) – "Democrats and Republicans need to work together on this issue to come up with a viable solution rather than pointing fingers for political points. There is not an easy fix and unless they come together collectively and authentically, whatever solution one party decides won’t be long-lasting."
❓ Our question to you: How would you best describe your personal confidence in the scientific community?
❓ Our question to you: To all US consumers: which letter grade would you assign to the current state of the US economy?
❓ Our question to you: Would you personally be open to the idea of having an AI companion and/or a “deadbot” replica of a loved one?
Let's make our relationship official, no 💍 or elaborate proposal required. Learn and stay entertained, for free.👇
All of our news is 100% free and you can unsubscribe anytime; the quiz takes ~10 seconds to complete