Originally Posted by jgw
As far as I can tell the so-called debt is not even real. Everybody thinks that government money accounting is the same as it is for an individual. Its complicated but the simple fact is that the national debt is actually there for no real reason. There have been a number of legislators that have suggest that we just do away with it. The problem is that its a grand and great reason for politicians to have fights over.

Just a waste of time.

I think I will repeat my that that this nation REALLY needs a new Hoover Commission.
https://en.wikipedia.org/wiki/Hoover_Commission

We have a bureaucracy that needs a REAL study. There are, literally, hundreds of books written about bureaucracies and there are rules, etc. We need somebody to deal with it. When they did the Hoover Commission they saved huge amounts of money amongst other things. Its time...........

Most businesses hire somebody to do this job on a regular basis. Our government, however, does not. Instead they think they can get it done with inside folks. Any fool knows that inside folks is a terrible mistake and just contributes to the ongoing failure. Oh, example. The military was ordered to have a complete audit several years ago - they have yet to get it done:
https://blog.ucsusa.org/jknox/defen...pentagon-fails-its-audit-for-fifth-time/

That's just for starters. We give them billions, every year, and every year we give them more. Nobody actually knows where it goes or who gets it because they have such a mess that they can't even get an audit done!!

A lot of this debt is debt we owe to ourselves, just for starters.


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