Monday, December 9, 2024

Fix the National Debt: 7 Ideas that Might Make Sense

As a nation we have been discussing financial debt and the deficit. A few ideas bubbled up on what might work in helping minimize the costs.  

1. Reducing expenditures

2. Increasing output of expenditures

3. Raising revenue through investment, tax reform.

4. Reorganizing, creating efficiencies, maximizing performance impact of institutions

5. Enhancing human capital, technology productivity and innovative/entepreneurial incentives.

6. Maximizing trade through manufacturing and exportation.

7. Bi-partisan collaboration around key objectives

Committe for Responsible Federal Budget indicates that the current debt level is unsustainable and there will need to be a reduced or otherwise it will begin to impact quality of life. This can happen when people pay more for increasing costs of services through taxes and other public resources. Thus, reducing and improving the functioning of institutions and departments might lead to greater long term national health. Fix the National Debt

(As a side note, I have been working on a rapid innovation cluster theory that has as a major component quality of life QOL considerations as a necessary framework for human capital development and future investments. i.e. CEOs that actually like to live and impact their communities in positive ways.)

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