You cannot erase debt as long as central banking and federal reserve are in place.
You cannot erase debt as long as central banking and federal reserve are in place.
| Akvod said: Wouldn't economics be more emphasized? Sure accounting is the means, but you can simply say "Tax revenue is this, this this and this go out", or be a bit more complex and say "Raise income tax by this much, decrease flat taxes by this, put in this program, but take these 3 out"
The tough question though is WHAT programs are we to take out, how much we should raise or reduce taxes, etc. And these are all Macroeconomic questions. Should we balance the budget in a recession? Should we increase government spending, or reduce interest rates? I'll much prefer a game that emphasizes the economics of budget balancing and government internvention, than just accounting. |
The US government has around 82 trillion in known future debt, so just balancing the budget is pretty pointless. The US government needs to spend trillions less than it collects every years for decades. There are other options, like reducing future social security spending by increasing the future retirement age by 10 years or something (I think that would make it 77); thus, decreasing future unfunded liabilities. Anyway, I don't think anything like this will happen in real life. But it may be cool if there was a game that did this, so long as the US government doesn't create the game. The US government has to much debt to spend money creating such a game.
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