IOUSA Solutions: Part 5 of 5

[roneaone]

Since there is no way US national debt of over $15Trillion can be payed ever at all, there must be a possible scenario (may be more than one) how the whole situation is most likely going to develop. Most probably, those who run the show, the transatlantic financial oligarchs, have not yet decided which way to steer or may be they have already decided and everything is "under control"? One way to find it out is to track them down, put them under arrest, and then waterboard them till they confess.

[facetiousiam]

So this segment, advocate of Taxes is the solution... sad. You also have someone make the statement "No serious person has looked at our projected growth and debt and not concluded that we are on a Unsustainable course"... He was a liar... Ron Paul was laughed at for predicting this back in 1996. Please show that footage in this film.

[facetiousiam]

So the top comments point towards Govt giving handouts to what I consider... the Piece of Craps of our society... why do people today believe in not working hard?

[artcar8]

I'm getting some Euros now :)

[RationalWaves]

Wow, NO mention of CORPORATE taxes. Google the new study by Citizens for Tax Justice about Fortune 500 companies if you want to see some REAL tax opportunities.

"In a study comprising more than half of the Fortune 500 list of the largest U.S. corporations, a quarter of those examined paid little or nothing in federal income taxes during the 2008-2010 period ... In 2009 alone, 49 companies earned combined profits of $78.6 billion ... and collected tax rebates totaling $10.8 billion."

[dtaijo174]

IOUSA should stick with just reporting the problem instead of giving us one-sided "solutions."

[ParadigmShiftr]

@dtaijo174 The fact that you think this is partisan proves your own partisanship. Open your eyes, dude.

[mrgimp420]

The national debt is what the taxpayers owe to the private central bank that runs the country. Thats why it will continue to go up every year. Thats why they will never pay it off. So until I hear more people talking about reforming the Federal Reserve, then videos like this are a waste of time.

[jessc1979]

I wonder why they don't talk about Free Trade agreements and the Federal Reserve. David Walker (who I respect) doesn't really talk about them in his new book either.

[luizcadu]

"socialists when it comes to spending and libertarians when it comes to taxes" that was the best!

[luizcadu]

Thefederal debt problem can be fixed with fiscal responsabity and reforms. But what about the foreign debt? I think that's the main problem that the US are refusing to face now. The US is extremely depend on oil, and its exports don't cover it. There's no easy way out of this. China has four times the population of the US and imports a third of oil that the US imports.

[kronlim]

Why won't the government do these solutions?

[vnano]

USA doesnt have VAT? Wtf? Why?

[ditendo]

I just want to point out also that all this debt is from a too big government that is doing wrong. Solution is not to the people making sacrifice to keep this big government doing wrong.

I, in anyway, would not help this government to stay big and getting bigger.

The only sacrifice I will do is to make sure this government will lose power.

He can't manage our money so his power must be taken away, not the people.

[ditendo]

We should not raise taxes, they are already high enough.

Government should just cut off his lame services and let it to the people.

Government is not the solution, it is the problem.

[BRINK00]

VAT - really? This is what you want to suggest? OK - I'll go along with this if you abolish the income tax. Your suggestion that since the VAT will increase costs to consumers that this will encourage people to save more is interesting - yes this might be true for some - like the wealthiest and their discretionary spending but for the poor - postponing buying food today to save for tomorrow isn't an option.

[EricRMcKenna]

@BRINK00 Typically with a VAT you give pre-rebates to the lower incomes to make up for it. No one in their right mind would suggest that the poor need to pay more of their income in taxes.

[jjosh15]

just increase inflation. its an form of indirect taxes and it will make prices relative to our incomes go up, but it really does solve the problem. if you raise taxes then your money will have higher value, but you will have less of it, achieving the same result. much of our spending is structural so if you cut spending then GDP and tax receipts will go down and it wont help much. just inflate our way out of the problem, its as good a solution as any other.

[Mrscissorhands25]

The only way they can increase revenue is with a smaller government with less programs, a cap on income tax , and more incentives for citizens to produce.

[Mrscissorhands25]

Wow, someone did not tell them that tax increases does not correlate with more revenue. Because you are charging someone for something, does not mean that they will pay it or pay it to its full extent. Also it stifles productivity within inverters which creates less economic stimulation and in tern creates less revenues for the federal government.

[MaveWR]

Article 1 Section 10 of the U.S. Constitution: "No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts."

That is one real solution! Gold and silver coins.

[sheatku]

but I also understand change has to start somewhere, and I commend the movie for bringing the problem to the fore front of our attention, while a lot of people would conviently ignore the problem. Maybe this is the start of the change we need in this country.

[sheatku]

There is one point I was kept coming back to:

Why would a federal government that allowed us to get to this point, with little care for anything past the next election date, do any better getting us out of the mess?

I am 30 years old, and have little to no faith in the effectiveness of our government to accomplish anything of real substance. Many of my peers feel the same way. Until there is real change in our political system, I think all this talk is nice, but ultimately futile.

[cooperbry]

Let's put the FED on the table.

[cooperbry]

How about we ditch the IRS and institute a national consumption tax only. That will be fair to everyone. You buy something, you pay your taxes, that's it.

[cooperbry]

What about looking at the monetary system? Why do we accept a debt based currency and why are we beholden to a central bank? Focusing on spending is important, but, how about we look at the entire system.

Google ModernMoneyMechanics and download.

[jjosh15]

@cooperbry if the fed was democratized and people could effect the decisions of the central bank then shit really will hit the fan.

[cooperbry]

@jjosh15

I definitely didn't say anything about democratizing. Federal spending is supported by the central bank. There is no check as there was previously with Gold. I'm only suggesting that this is a systemic issue and we should have a systemic solution.

[bodaggin]

I love how this entire piece was based on hitting the 60% targeted debt to GDP RATIO, yet the only ways they suggested fixing the problem were to target one side of the ratio; Debt. Is there another documentary I am missing? What about suggestions to increase GDP to offset the other side of the ratio AS WELL. America is consumer nation, therefore programs to look at increasing the growth of the country's economy could assist these cuts to show a lower Debt to GDP ratio!

[managarm1349]

screw taxes and cutting government...lets just default hahaha

[bamor223]

NO new taxes, NO, NO Bad policy...Yes we can take things off the table! We can take lots of THINGS off the TABLE! Let me opt out of social security and privatize it! Privatize all education! We spend Trillions each year incarcerating people with marijuana. To receive American benefits both of your parents have to be US citizens. Start deconstructing social programs. Dissolve Fanny/Freddie and return to Gold / Silver standard.

[bamor223]

@bamor223 Why wasn't the TEA PARTY Options considered? Why is your video biased toward more, more, more regulation? Why aren't libertarian laze fare economics and Much Smaller government considered? Why are you even considering that the Federal Govt. that got us into this mess can solve anything...They raided the SS Trust Fund, They keep on putting us on the hook for more entitlements, bailing out more corrupt monopoly companies, paying way too many Fed Employees way too much.

[bamor223]

Lets move to a fair tax. Get rid of Dept of Energy...Dept of Education...Lets teach our Govt what THRIFT really means. Lets give TAX incentives for savings, home ownership not loanership, lets reward success and investment rather than tax success and investment. Let estates property go to their heirs not stolen by their government upon death. Move to Friedman Economic model... Keynesian model does not work! Tariff imports until we get domestic industry back in USA

[bamor223]

Domestic Fuel! A Diesel car / truck can run on Soybean oil, peanut oil, Bio Diesel or Algae Diesel. The river of "Cash-for-Terrorist" money needs to stop! A hybrid CNG car can work and not a dime of the $400 Billion each year will leave this country WOW that would stimulate farmers! We need to reward THRIFT and Self Reliance in this country...Lets downsize Federal Govt, Empower local & State Govt & teach personal responsibility. Your video reflects Only New England & DC Solutions!