The National Debt And Deficit Solved.

       Did you know that our national debt is half owned by foreign countries? Which means that about half is owned by American investors. Which means we owe our own people half of the money we owe. But America is owned by Americans. That means we owe ourselves half of our debt. If we owe ourselves that money, then we really don't owe it. So we can easily cut our debt in half and it wouldn't cost us a dime to do it. That leaves just two questions. First question is, how do we eliminate that half of the debt? And second is how do we eliminate the other half?
       One question at a time. If we owe ourselves half the debt, we can cancel out that portion of the debt by simply paying off that portion of the debt.  Now you may ask how we could afford to pay off that much money all at once? That's another question, but I'll answer it anyway. If we raise taxes on debt payoffs of investments by the amount we paid out, the tax income would cancel out the debt payout.
       The second question is a bit harder to answer. And the answer is a little harder to swallow. Unlike Greece and the other members of the European Union, we use our own money. We also print our own money when the need arises, such as when paper money gets worn out and needs to be replaced. We could just as easily print enough money to pay off our foreign debt.
       What that would mean is that our money would be worth less. That would have consequences both good and bad. Foreign made products would become more expensive, but American goods would become cheaper in other countries. That's true unless other countries did the same thing in retaliation. But if they retaliated, then things could get back to normal. Not that normal is good.
       At any rate the debt would be eliminated. Then to compensate the investors we paid off, for any inconvenience, we could afford to give them a tax cut. That's because of all the money we would be saving in interest payments on our debt. Ya see? Answers are simple, if you don't mind the answers.