| > Start bringing back some of the taxes we had in the 1950s, when the country actually grew faster. There's no common sense reason this would reduce government interest payments. There are many common sense reasons it would specifically not impact interest payments. For example, if we can carry the interest load on the current tax base just fine, increasing taxes will cause spending to rise, not stay the same. Also, if rising taxes are perceived as anti-corporate, bond prices will fall, and interest payments will rise anyway. > Don't spend like $3T in forever wars like Iraq and Afghanistan. One perspective of the military is that it is welfare that is acceptable to Republicans. The vast majority of that cash was spent in the USA. You can make a tired reference to moving cash overseas, however many billions it was. But you are ignoring the main point. > Let Japan and Germany pick up more of the defense bill. What if military spending were welfare, for the most part? Like 999/1,000 DoD employees will not be in a meaningful defense or combat role. What if you live in a shithole and life was shitty and you needed an out? You join the military. What if you're just broke? You join the military. It's culturally acceptable welfare for the vast majority of people. Social media has robbed people of their common sense. |
When you run a budget surplus, you pay down debt. When you have less debt you pay less interest.
You are like bringing back the Laffer curve to argue that maybe raising taxes wouldn't reduce debt. Historically it generally has, logically it would.