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Sagot :
To reduce the size of a country’s national debt, a government could potentially take all of the following actions: Raise the retirement age, Cap discretionary spending, Enact an energy tax and Don't extend so many of the Bush tax cuts.
- Raise the retirement age : Raising the retirement age for Social Security would not only reduce the program's obligations, but would likely encourage people to work longer. And a larger work force means more taxable income and stronger overall economic growth.
- Cap discretionary spending : To ensure that politicians make tough decisions in this area of the budget, we must have strong enforceable spending caps in place. Even just limiting growth rates to levels of inflation could save $1 trillion or more relative to what would otherwise happen.
- Enact an energy tax : An energy tax can make up some of the difference. By taxing carbon emissions or gasoline, as opposed to work and investment, we can reduce deficits and address climate change without hurting the economy too much.
- Don't extend so many of the Bush tax cuts : We should go through the tax cuts one by one to decide which ones are worth keeping and which we simply can't afford.
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