I have solved our nation’s debt problem – no need to thank me (Part 2 of 2)

I have solved our nation’s debt problem – no need to thank me (Part 2 of 2)

debt problem - mount rushmoreYou may not have heard (if you’ve been in a coma since 1994), but our national debt is spiraling out of control. If you could imagine a fire hose spraying a stream of $100 bills instead of jets of water, that’s essentially the way our federal government pisses through money on an average day. If you’re having trouble staying awake at night, here is a number that might help: $233 billion. That’s not the latest national debt figure. Oh, no. That’s just the interest on it we pile up each year.

Won’t somebody come up with a plan to stop all the fiscal hemorrhaging? Anybody? Nobody? Okay, I guess it’s up to me to bail out America…. Again.

Last week, I shared Part I of my solution to our national debt problem. In this week’s thrilling conclusion, I solve it even more. So let’s get started, shall we?

Cape Canaveral – Kennedy Space Center: $11.5 billion. If you’re still a kid at heart, this one’s for you. Located on the pristine golden beaches of Central Florida’s Atlantic coast and just a two-hour drive from Disney World. Always wanted to be an astronaut? Now you can own a whole crew of them. Guess who gets to press the “Blast off” button at Mission Control? You do! Comes with a free ride on the next Space Shuttle Endeavour flight. (Fine print: Next scheduled Endeavour flight: 1st of Never.)

State of Alaska: $780 billion. Call the Last Frontier your home with this incredible once-in-a-lifetime bargain. See Russia from your house. Be the first among your friends to own your own state. Comes with tons of room to spread out all your stuff, not to mention access to our nation’s largest oil and natural gas pipeline. Stunning views of mountains, grizzly bears, bald eagles and hot ex-governors. Juneau what else? For just $20 billion more, we’ll even rename the state capitol after you. Flexible payment terms. Ask about our layaway plan.

debt problem - interstate highwaysUS Interstate 80: $87.6 billion.  If you thought you could “get your kicks on Route 66”, you ain’t seen nothing yet. Own a part of the world’s greatest highway network. The nation’s second longest interstate, I-80, runs from scenic California through the Nevada Dessert (where you can do 130 mph and the state troopers won’t hassle you) through the golden corn fields of Nebraska, before your journey ends at glamorous New York City. Continue reading “I have solved our nation’s debt problem – no need to thank me (Part 2 of 2)” »

I have solved our nation’s debt problem – no need to thank me (Part 1 of 2)

I have solved our nation’s debt problem – no need to thank me (Part 1 of 2)

debt problem - statue of libertyHere’s a number that might scare you: $17,746,662,973. That’s almost 18 trillion dollars, give or take a few hundred billion. That’s the current estimate of our national debt according to the OMB (Office of Management and Budget).

Here’s a slightly smaller but equally frightening number: $1 million.  That’s the amount our nation’s debt is expanding – per minute. The clock is ticking. Economic experts estimate that our national debt will increase by another $10 trillion in the next decade. And I thought I was bad about managing my money. I look like Ebenezer Scrooge compared to Uncle Sam.

Depressed? Don’t be. Because I have a brilliant solution to our nation’s debt crisis. And it doesn’t involve painful tax hikes, closing down your favorite park or eliminating daily delivery of your mail.

As many of you know, I (often imagine that I) am a highly sought-after, award-winning, Harvard-educated economist. I won’t drone on about my many notable achievements in the fields of econometrics or applied macro-economic asset price modeling theory (because I have no idea what those words mean).  Suffice to say, I took both Econ-201 and Econ-202 Pass-Fail in my second year of college.

I have successfully balanced my personal checkbook 8 of the past 12 months. And I have completely paid off our family’s credit card debt on all but 5 of our 17 credit cards. I saved $4,000 by the time I was 18 years old by doing summer jobs, and I didn’t blow it all until late spring of my freshman year of college (hey, I needed a new stereo system). So when I say I have a solution for the nation’s debt crisis, I think my credentials speak for themselves.

Continue reading “I have solved our nation’s debt problem – no need to thank me (Part 1 of 2)” »