Central NE | nilbart - 2/9/2026 20:38
The reincarnated Volker wouldn’t touch the situation we are in now with the literal 10 ft pole. There has to be some other economic trick to pull this overstuffed rabbit out of the hat. Don’t think the fiscal situation of a heavily indebted government would be helped by 10 to 20 percent interest. The only way to dig out of debt that I know of is to cut spending and increase revenue. It should be relatively simple for Congress to hold spending static. To increase revenue, the all branches of government have to go to work making money for the treasury. Maybe keep a stake in raw material production along with the lease sales. Keep a stake in airwave sales. There has to be some other revenue streams into the Treasury beyond taxes.
Tariffs are how the federal govt was supposed to fund itself. All the arbitrage between economies once belonged to the federal government, now its handed over freely to corporations.
every product thats cheaper overseas should be taxed until it is the same price as if you grew/raised/made it here. |
Reversing the debt based death spiral
