Quote from achilles28:
Yep. And abolish the income tax, and introduce a flat-tax or sales-tax.
Then slash the budget to a ~300 Billion per year surplus. Then erect 30% tariffs with low-cost 3rd world countries (Chindia). Then withdraw all FED/Treasury backstop/bailouts/emergency funds and let FIRE purge itself. Then put another 1 Trillion into UI, for the likely tripling of jobless. Then let the economy right itself. That's pretty much the only way out, imo.
Eliminate all federal mandates. Eliminate all state and local pensions. Let them do a 401k like everyone else.
Time for constitution convention. Make it so it takes 2/3 votes of both houses to have deficit spending.
Eliminate affirmative action. Close Borders. Privatize education