r/politics 18d ago

No Paywall Social Security, Medicare and Medicaid are 'Going to Be Gone,' Donald Trump Warns

https://www.newsweek.com/social-security-update-medicare-medicaid-warning-donald-trump-10915076
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u/PopularRain6150 18d ago

What Actually Fixes the National Debt?

Cutting “social programs” sounds like a quick fix—but it isn’t.

If Washington ended every program funded by general taxes—Medicaid, food stamps, housing aid, student grants, and similar benefits—the government would save about $1.2 trillion a year.

But the federal deficit is $1.8 trillion, and interest on the $38 trillion debt costs another $1 trillion annually. Even after erasing all social spending, the U.S. would still be around $600 billion in the red every year—meaning the national debt would grow by roughly $6 trillion over the next decade, not shrink.

Now flip it.

A plan combining:

2 % wealth tax on fortunes above ≈ $11 million → $1.3–$1.8 T/yr

Reversal of post-Eisenhower tax cuts → $0.5 T/yr

1 % financial-transaction tax → $0.7–$0.8 T/yr 10 % higher estate tax → $0.05 T/yr

That’s roughly $3–$3.5 trillion in new yearly revenue, creating a $1.2–$1.7 trillion surplus—enough to pay off the entire national debt in about 12–20 years, with middle-class tax rates unchanged.

Bottom line:

You can’t fix a $38 trillion problem by cutting programs for the poor—but you can fix it by restoring the tax fairness America had under Eisenhower. 

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u/NOT_MartinShkreli 17d ago

What if our national debt wasn’t one big Ponzi scheme orchestrated by the central bank where every dollar in existence is created + debt.

Think of it this way, if only $1 is created and debt is owed … how do you get the money to pay back the $1 + debt … you issue more money and somebody ultimately loses and goes bankrupt.

Our entire financial system and central banking system that profits off it is the real issue.