How to pay off a ten trillion Dollar Debt in 100 years


Off-Topic Discussions

The Exchange

So here you are, you have a ruined, mismanaged nation run into the ground, and the last thing they do before you put them against the wall and shoot is run up a debt of 10 trillion dollars.
Unfortunatly you are left with a problem. Every citizen (all 300 million of you) must now perform 12 hours a week of work as tax on top of your existing taxable incomes, and the unemployed will now need jobs. Unfortunatly there is also the problem of a descent electrical Supply to power your lifestyle. So what do you do?

You convert all future Exercise Bikes into Power Generators so that they generate electricity - directing that electricity into the Powergrid. Gyms would be converted into 'Powerstations'. if an individual can generate 10 dollars worth of electricity an hour that goes a little way in paying off the national debt (individuals generating a bit over 6 thousand dollars a year in electricity). A gym with a hundred bikes and activity every day, could generate over 4.3 million dollars in electricity each year.

RPG Superstar 2009 Top 32

yellowdingo wrote:

So here you are, you have a ruined, mismanaged nation run into the ground, and the last thing they do before you put them against the wall and shoot is run up a debt of 10 trillion dollars.

Unfortunatly you are left with a problem. Every citizen (all 300 million of you) must now perform 12 hours a week of work as tax on top of your existing taxable incomes, and the unemployed will now need jobs. Unfortunatly there is also the problem of a descent electrical Supply to power your lifestyle. So what do you do?

You convert all future Exercise Bikes into Power Generators so that they generate electricity - directing that electricity into the Powergrid. Gyms would be converted into 'Powerstations'. if an individual can generate 10 dollars worth of electricity an hour that goes a little way in paying off the national debt (individuals generating a bit over 6 thousand dollars a year in electricity). A gym with a hundred bikes and activity every day, could generate over 4.3 million dollars in electricity each year.

You know, along the way, your proposal would also clean up several other health problems (that are very common in the U.S.) along the way.


I'm all for it.

Lets start with anyone and everyone on welfare. If your takeing money from the government then you can excerise to generate power.


Brilliant! And that's why it'll never happen.


6 days a week, 100 people per day (12 2-hour bike shifts/day); 300 days per year per person ($6k/year). If you're adding weffies to the "must pedal list" (6 days a week, 2 hours/day as part of being a weffie or more, most likely - say 4 hours/day) provided one is physically capable of pedaling. Criminal sentences can use "must pedal" time in place of community service - and as an integral part of "harder" time, whether a 'white collar' crime or otherwise.

Each persons' share of that 10 trillion is(1 with 13 zeroes) (dividing by 3 with 8 zeroes) (remove 8 zeroes) 10,000 (1 with 5 zeroes)/3 = 3,333 dollars and 33 cents. Tax me once for $3333 plus the change and be done with it - then pass a balanced budget amendment. These two acts MUST be done simultaneously and together. I imagine a "no exemptions year" would solve the problem in its entirety.


Steven Tindall wrote:

I'm all for it.

Lets start with anyone and everyone on CORPORATE welfare. If your takeing money from the government then you can excerise to generate power.

That I'll buy into...unless you just mean those unsavory poor people who can't even get hired as menial labor, and for them I'd say they can be relatively productive farmers utilizing a Square Foot Gardening system if they can demonstrate having not acted with malice or willful criminality. Unless you just hate poor people and want to punish them for being poor.

Blatant physical indentured servitude is so gauche, though...which is why I'm all in favor of a volunteer debt reduction force, same as we have a volunteer military. And if a living wage that wasn't sweatshop prices was paid, along with three squares, hell, I'd go for it in the event of yet another corporation deciding that Outsourcing Creates JOBS! (in India, in Pakistan, in China...)

Then again, I'm one of those pinko socialist IT people in a state where the necks are as red as a little over a third of the state flag. I'm biased.

Dark Archive

or, you know, they could print more money....


...especially since it's no longer backed by the gold standard.

Dark Archive

Fantatsic idea can I get some while they are at it? I lost some of the 100s for my monopoly game. Would look cooler with those worthless US bills though.

Grand Lodge

Steven Tindall wrote:

I'm all for it.

Lets start with anyone and everyone on welfare. If your takeing money from the government then you can excerise to generate power.

But military service members have to exercise daily already! :)


TheAntiElite wrote:
Steven Tindall wrote:

I'm all for it.

Lets start with anyone and everyone on CORPORATE welfare. If your takeing money from the government then you can excerise to generate power.

That I'll buy into...unless you just mean those unsavory poor people who can't even get hired as menial labor, and for them I'd say they can be relatively productive farmers utilizing a Square Foot Gardening system if they can demonstrate having not acted with malice or willful criminality. Unless you just hate poor people and want to punish them for being poor.

Blatant physical indentured servitude is so gauche, though...which is why I'm all in favor of a volunteer debt reduction force, same as we have a volunteer military. And if a living wage that wasn't sweatshop prices was paid, along with three squares, hell, I'd go for it in the event of yet another corporation deciding that Outsourcing Creates JOBS! (in India, in Pakistan, in China...

essentially, this.


I would start a high-tech war with China.


Grand Magus wrote:


I would start a high-tech war with China.

{wakes up with hookah still in mouth} "We've always been at war with Eastasia."

Wait, that's not my line. {eyes hookah suspiciously}


yellowdingo wrote:

So here you are, you have a ruined, mismanaged nation run into the ground, and the last thing they do before you put them against the wall and shoot is run up a debt of 10 trillion dollars.

Unfortunatly you are left with a problem. Every citizen (all 300 million of you) must now perform 12 hours a week of work as tax on top of your existing taxable incomes, and the unemployed will now need jobs. Unfortunatly there is also the problem of a descent electrical Supply to power your lifestyle. So what do you do?

You convert all future Exercise Bikes into Power Generators so that they generate electricity - directing that electricity into the Powergrid. Gyms would be converted into 'Powerstations'. if an individual can generate 10 dollars worth of electricity an hour that goes a little way in paying off the national debt (individuals generating a bit over 6 thousand dollars a year in electricity). A gym with a hundred bikes and activity every day, could generate over 4.3 million dollars in electricity each year.

Now, look here, Ol' Yella... I debunked Dingoeconomics back when St. Ronnie Ray-Gun was pushing it. Don't make me bust out my stack of charts and graphs. {shakes non-existant fist}


Couple of problems with some calculations.
The average person will only be able to generate about 1 to 2 cents worth of electricity per hour.
Also, Turin the Mad, you left off a zero from the divisor. Each person's share would be $33,333.33


Wolverstone wrote:

Couple of problems with some calculations.

The average person will only be able to generate about 1 to 2 cents worth of electricity per hour.
Also, Turin the Mad, you left off a zero from the divisor. Each person's share would be $33,333.33

10,000 ... yep, sure did. Hrm ... so let's say ten years of "no exemptions" then. :)

RPG Superstar 2009 Top 32

TheAntiElite wrote:
Blatant physical indentured servitude is so gauche, though...

I hate to break it to you, but "blatant physical indentured servitude" is more in vogue then ever. :(

The Exchange

Wolverstone wrote:

Couple of problems with some calculations.

The average person will only be able to generate about 1 to 2 cents worth of electricity per hour.
Also, Turin the Mad, you left off a zero from the divisor. Each person's share would be $33,333.33

Oh...That reminds me...the price of electricity just jumped from 10 cents a unit to a dollar a unit.

PS I have suggested the Exercise bike converted to Power Generation to the Rhode Island Government...so if it happens, you know who to blame.


Lord Fyre wrote:
TheAntiElite wrote:
Blatant physical indentured servitude is so gauche, though...
I hate to break it to you, but "blatant physical indentured servitude" is more in vogue then ever. :(

Just because something becomes de rigeur in places does not mean it is any less de classe. It is tacky, tawdry, disgraceful, and disgusting.

As a darkie AND an injun it offends my sensibilities more than BET crossed with the worst of Westerns. I contribute where I can, but I can't carry the load for everyone at once. Then again, my sensibilities are more offended by blatant lies, willful stupidity, and overt attempts at obfuscating a recorded immediate past; see the ACORN non-drama, claims about the Senate 'doing nothing' over the past 2 years in the face of procedural abuse by the very recto-cranially inverted individuals who were doing the obstructions, and two unpaid-for 'conflicts'/'Wars' with a helping of an unfunded drug company giveaway.

Calling a changing government mismanaged and 'putting them up against the wall and shooting' smacks of treasonous sentiment, not to mention being incredibly belated given where the vast majority of that presumed financial estimate is sourced. But then, a lot of things were Yellow about that particular time period, and I'm not talking about the Chinese-made ribbon magnets.

RPG Superstar 2009 Top 32

TheAntiElite wrote:
Lord Fyre wrote:
TheAntiElite wrote:
Blatant physical indentured servitude is so gauche, though...
I hate to break it to you, but "blatant physical indentured servitude" is more in vogue then ever. :(

Just because something becomes de rigeur in places does not mean it is any less de classe. It is tacky, tawdry, disgraceful, and disgusting.

As a darkie AND an injun it offends my sensibilities more than BET crossed with the worst of Westerns. I contribute where I can, but I can't carry the load for everyone at once.

I wasn't disputing that it is (let alone was) "disgraceful, and disgusting." Quite the opposite.

I was pointing out that it is both far more widespread, currnet, and ...sigh "popular" then the vast majority of Americans realize (or "choose to" realize).

TheAntiElite wrote:

Then again, my sensibilities are more offended by blatant lies, willful stupidity, and overt attempts at obfuscating a recorded immediate past; see the ACORN non-drama, claims about the Senate 'doing nothing' over the past 2 years in the face of procedural abuse by the very recto-cranially inverted individuals who were doing the obstructions, and two unpaid-for 'conflicts'/'Wars' with a helping of an unfunded drug company giveaway.

Calling a changing government mismanaged and 'putting them up against the wall and shooting' smacks of treasonous sentiment, not to mention being incredibly belated given where the vast majority of that presumed financial estimate is sourced. But then, a lot of things were Yellow about that particular time period, and I'm not talking about the Chinese-made ribbon magnets.

This is spinning off in a very different dirction. I am not sure what it has to do with what I posted. :(


Lord Fyre wrote:
TheAntiElite wrote:
Lord Fyre wrote:
TheAntiElite wrote:
Blatant physical indentured servitude is so gauche, though...
I hate to break it to you, but "blatant physical indentured servitude" is more in vogue then ever. :(

Just because something becomes de rigeur in places does not mean it is any less de classe. It is tacky, tawdry, disgraceful, and disgusting.

As a darkie AND an injun it offends my sensibilities more than BET crossed with the worst of Westerns. I contribute where I can, but I can't carry the load for everyone at once.

I wasn't disputing that it is (let alone was) "disgraceful, and disgusting." Quite the opposite.

I was pointing out that it is both far more widespread, current, and ...sigh "popular" then the vast majority of Americans realize (or "choose to" realize).

Oh, rest assured, I'm with you on that one - I don't take it as a personal thing entirely because of the simple fact that there's so many others who lie life with an entitlement complex due to the fact that, like my ancestors, they didn't get their forty acres and a mule. Frankly, I believe in doing more with what I have than trying to get what is mistakenly felt as 'owed', but that's only 'cause I didn't exactly come from as bad a background as I could have. I think it's less that people are not aware of the conditions elsewhere, and more that it isn't foremost in their mind due to the somewhat innate narci-nationalism that comes of our geographical location and the plentiful mishaps happening locally. In part, however, I think many people have hit their personal 'tragedy saturation point', where they feel any and all compassion they have to spare has been wrung out and they're doing good to keep from going into pity trips for themselves.

Lord Fyre wrote:
TheAntiElite wrote:

Then again, my sensibilities are more offended by blatant lies, willful stupidity, and overt attempts at obfuscating a recorded immediate past; see the ACORN non-drama, claims about the Senate 'doing nothing' over the past 2 years in the face of procedural abuse by the very recto-cranially inverted individuals who were doing the obstructions, and two unpaid-for 'conflicts'/'Wars' with a helping of an unfunded drug company giveaway.

Calling a changing government mismanaged and 'putting them up against the wall and shooting' smacks of treasonous sentiment, not to mention being incredibly belated given where the vast majority of that presumed financial estimate is sourced. But then, a lot of things were Yellow about that particular time period, and I'm not talking about the Chinese-made ribbon magnets.

This is spinning off in a very different dirction. I am not sure what it has to do with what I posted. :(

Rest assured, it was not intended as a tangential directive at you; it was more the first part was our conversation, followed by a trail-off as the attention shifted to the camera and/or initial poster to give a bit of a 'tip' on top of the $.02US adjusted for inflation and conflation.

Plus, the tone and implication of the initial post rankled me far more than it should have.

RPG Superstar 2009 Top 32

...

TheAntiElite wrote:
I think it's less that people are not aware of the conditions elsewhere, and more that it isn't foremost in their mind due to the somewhat innate narci-nationalism that comes of our geographical location and the plentiful mishaps happening locally. In part, however, I think many people have hit their personal 'tragedy saturation point', where they feel any and all compassion they have to spare has been wrung out and they're doing good to keep from going into pity trips for themselves.

Either that or most people "don't care" as long as it doesn't effect them personally.

My money would be on the "don't care."


Average number of seconds taken by the typical American voter to decide between a life of slavery versus defaulting on creditors for US loan and other US financial obligations...

is less than three.


NPC Dave wrote:

Average number of seconds taken by the typical American voter to decide between a life of slavery versus defaulting on creditors for US loan and other US financial obligations...

is less than three.

I chose default. Was that bad?


Rocketmail1 wrote:
NPC Dave wrote:

Average number of seconds taken by the typical American voter to decide between a life of slavery versus defaulting on creditors for US loan and other US financial obligations...

is less than three.

I chose default. Was that bad?

No :)

Next time you hear someone bemoan the fate of "our" children and grandchildren for all the debt being heaped on them...remind them that these children and grandchildren aren't morons. When they see what they will be expected to pay they simply won't. They will vote for politicians to default, regardless of whether it means stiffing the old on their Social Security checks, stiffing the sick on their Medicare treatments, stiffing the soldiers on their paychecks and stiffing foreigners on their bond holdings.

Today it is political suicide to suggest cutting Social Security and Medicare.

One day it will be political suicide to suggest keeping them funded.

When that day comes those reliant on federal government checks are going to find themselves in a lot of pain. My suggestion is to not be one of them.

Shadow Lodge

NPC Dave wrote:
Rocketmail1 wrote:
NPC Dave wrote:

Average number of seconds taken by the typical American voter to decide between a life of slavery versus defaulting on creditors for US loan and other US financial obligations...

is less than three.

I chose default. Was that bad?

No :)

Next time you hear someone bemoan the fate of "our" children and grandchildren for all the debt being heaped on them...remind them that these children and grandchildren aren't morons. When they see what they will be expected to pay they simply won't. They will vote for politicians to default, regardless of whether it means stiffing the old on their Social Security checks, stiffing the sick on their Medicare treatments, stiffing the soldiers on their paychecks and stiffing foreigners on their bond holdings.

Today it is political suicide to suggest cutting Social Security and Medicare.

One day it will be political suicide to suggest keeping them funded.

When that day comes those reliant on federal government checks are going to find themselves in a lot of pain. My suggestion is to not be one of them.

Well this isn't accurate.

There isn't a 10 trillion dollar debt. Its a projection based on current spending vrs revenue. Its also importent to note that the reason there is such a massive deficit has more to do with cutting taxes then government spending. Just like the 35% tax rate that Corporations and Republicans complain about is nowhere near reality. Given how the tax code is written did you know Google takes its 60 billion in profit runs it thru Ireland and Africa then comes out not paying any real taxes and its perfectly legal? Its due to them transferring all of thier intellectual property to thier Irish corporation and as such don't have to pay a dime of taxes on the revenue generated by it in the United States and the IRS let them do it....


Decorus wrote:
NPC Dave wrote:
Rocketmail1 wrote:
NPC Dave wrote:

Average number of seconds taken by the typical American voter to decide between a life of slavery versus defaulting on creditors for US loan and other US financial obligations...

is less than three.

I chose default. Was that bad?

No :)

Next time you hear someone bemoan the fate of "our" children and grandchildren for all the debt being heaped on them...remind them that these children and grandchildren aren't morons. When they see what they will be expected to pay they simply won't. They will vote for politicians to default, regardless of whether it means stiffing the old on their Social Security checks, stiffing the sick on their Medicare treatments, stiffing the soldiers on their paychecks and stiffing foreigners on their bond holdings.

Today it is political suicide to suggest cutting Social Security and Medicare.

One day it will be political suicide to suggest keeping them funded.

When that day comes those reliant on federal government checks are going to find themselves in a lot of pain. My suggestion is to not be one of them.

Well this isn't accurate.

There isn't a 10 trillion dollar debt. Its a projection based on current spending vrs revenue.

True that projections are meaningless, as the reality is usually far worse than the rosy projections used by government accountants. I didn't post the number, I just pointed out a default is coming.

Quote:


Its also importent to note that the reason there is such a massive deficit has more to do with cutting taxes then government spending. Just like the 35% tax rate that Corporations and Republicans complain about is nowhere near reality. Given how the tax code is written did you know Google takes its 60 billion in profit runs it thru Ireland and Africa then comes out not paying any real taxes and its perfectly legal? Its due to them transferring all of thier intellectual property to thier Irish corporation and as such don't have to pay a dime of taxes on the revenue generated by it in the United States and the IRS let them do it....

The amount of tax collected just affects how much money is spent, it doesn't affect the deficit. Anyone who thinks politicians actually spend within the government's means is being utterly naive. Even if corporations actually paid more in taxes the government would just spend the additional money and continue to borrow as they would even if that additional money was not present.

If the money comes in, it gets spent, regardless of whether the money came from taxpayers or lenders. Politicians get re-elected based on how much they spend for their favored lobbies or constituencies...not how much they saved of the taxpayer's money.

Community / Forums / Gamer Life / Off-Topic Discussions / How to pay off a ten trillion Dollar Debt in 100 years All Messageboards

Want to post a reply? Sign in.