OK, I’m Serious about Fixing the Debt, How Will It Happen?

 

I am a candidate in the May 15 Nebraska Republican Primary for the U.S. Senate against the incumbent Deb Fischer because she is ignoring our enormous and out-of-control national debt.  In my last post I laid out the reasons why you should believe me when I say I will make fixing the debt my top priority.


So let’s assume that I replace Deb Fischer in the Senate.  Then what will happen?  Lots of things:

  • First of all, it will show that Nebraska voters understand how serious our debt problem is and are willing to support a candidate who can argue convincingly that we must fix it. Such an outcome in just one state will attract national attention and therefore greatly increase national awareness of the debt problem.
  • From day one in January 2019, I would start agitating with Democratic and Republican senators alike for action on the debt issue. Keep in mind that I am a non-ideological fiscal conservative. I am confident that many other senators understand the inherent magnitude of the debt problem and would respond in a positive manner to a bipartisan attempt to find a workable solution.
  • Any effective solution must involve entitlement reform which is a highly charged issue. In particular, it is the high cost of both public and private healthcare which is the main problem.  Basically we need to move away from defined benefit healthcare towards defined contribution healthcare which would likely take the form of high deductible catastrophic care plus health savings accounts. Any widely acceptable plan would have to be universal (i.e. include everyone) and provide adequate subsidies so that everyone can afford it. Here is one possible way to do it.

Conclusion. Our debt problem is solvable but it will take a lot of dedicated effort by national leaders to actually get this done. The sooner we get started the easier it will be to move forward.

2 thoughts on “OK, I’m Serious about Fixing the Debt, How Will It Happen?

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