What Would You Do With 12,500Gold...Of Debt?
AidenAstrup
Over the past 6 months, the United States has slowly been accumulating something terrible, a disease which threatens to destroy our economy, weaken our military and even bring our nation to an end. We have accumulated debt. While debt in small quantities can be wonderful - allowing our country to expand and defend, we have amassed an enormous amount of debt - over 12,500 Gold to be exact, and I haven’t even looked at every department yet. While we owe our debt to our citizens rather than other countries, this is still unacceptable. We are merely kicking the proverbial can down the road and hoping the next person fixes the problem. Well, I can be that next person and I am ready to fix this problem.
This debt comes from multiple sources. We still owe money for bonds that we issued way back in March! We also owe money for the Cycle 2 Bonds and V2 Bonds. Then there are multiple loans that we have yet to pay back. Each President has sought to raise money through bonds and loans in order to spend on the military while at the same time lowering taxes and increasing spending in every area except debt repayment. The result is a sleeping monster inside the Treasury, one which we do not want to wake up. No President has addressed this because this problem could potentially mean making two unpopular decision: Raising taxes on US citizens or cutting military funding. As the owner of the largest bank in the world, I feel I am uniquely qualified to address this issue and will make sure it is addressed in a timely fashion, but most importantly - it will be done by organizing our budget - not by cutting military spending or raising taxes.
I am determined to rid our nation of this cancer within the first week of my term if elected. Bonds will be the first to go, and I believe that repayment can be finished within 24 hours of stepping into office. Then debt from loans will be cleared up after that, but that is not enough.
I believe that we must re-organize the nation to become more efficient and transparent. I will consolidate government organizations as much as I can without reducing security and will make sure that one official is made aware of every government organization and its holdings, allowing us to make informed financial decisions. This can be done without raising taxes or shutting down spending, all it requires is patience and some time focusing on our nations budget and needs.
It is time that our nation step back and clear up our obligations from V1 before heading into a new world that offers many opportunities (if we are able to reach them). V2 will only help the countries that spend wisely and budget with informed decisions. I aim to make the United States one of those countries so that, as V2 approaches, we can be the most successful country from the get-go by being one of the only major countries to be debt-free.
AidenAstrup
Presidential Candidate
Comments
When it comes to financial analysis and wealth management, noone beats AidenAstrup. Spot on, as always.
Very true. Debt will kill us in the future. We really do need to fix this problem now before it becomes a major problem
Looking good aiden
I agree about the loans.
The V2-bonds were actually a pretty decent deal for the Gov though. The money, if it hasn't been already, should be invested, but the bond itself can stay until it's set repayment period.
Older/outstanding bonds could and should probably have a due date for reclamation. Announce "today is the day" and let it ran on a case-by-case basis for cash refunds after that day.
Sigh, I've always been against us borrowing at all, except for in exceptional circumstances, and then paying them back very quickly. I may be mistaken, but haven't you been one of the louder voices in favor of more borrowing? In any case, this needs to be fixed.
Aiden is awesome \o/ That is all you need to know mah little hamstas
Should I add that history always repeats itself or that art imitates life?
Devoid, I am in favor of borrowing so long as there is a set date to pay it back and that you meet that date. I also don't like the idea of having hordes of loans out :/ We should only have 1-2 at a time.
You will find 12500 gold by reorganising? No way.
Using your wealth to buy the Presidency is pathetic.
Will the bonds be repaid with the promised interest? If we are really broke then no. That should help morale as we go into v2.
There is enough money to pay all the bonds back with interest, no question about it. I am not saying that this debt makes us broke, but it does hamper our ability to freely spend and more importantly, release more bonds if we just keep adding more and more debt each term.
sure is fear mongering in here
Looking good aiden x2
Aiden has my support for CP.
Even if he can accomplish 1/3 of what he says this country will be much better off and in a strategic position to take on debt/spend when it's needed.
My guess is that he can back up his promises with action.
Join AA! (aidenastrup)!
BANKRUBCY!
Aiden, I think you will do a great job as president, but I honestly find it a far stretch to think that all bonds can be repaid in less than 24 hours of you winning.
Also those of you who say that he is buying the presidency are stupid. Even if he did, the presidency is basically just a huge popularity contest. Who ever has the biggest name wins.
How do we recover from the debt? Get Aiden to pay it off \o/
Voted.
Ryan Fisher - I know of a government org that has enough funds to pay them off, and the bonds are through ERX - If I don't get them paid back in 24 hours, I will resign, how about that 😉 (excluding V2 Bonds, because we haven't used that money yet)
you are the only choice for america if she is to continue.
AA for pres. Financial genius.
Too true Mr. Fisher. I would like to caution against rapidly paying off debt, however. While it is smart for a citizen to be debt free ASAP, a sudden influx of 12.5k gold MAY (I'm not sure as I've never seen this in game, but in real life, this is true.) cause a major spike in inflation. As people have more money, they will likely spend it, Greatly increasing demand with a lagging supply. Businesses won't have enough products to meet demand, and can get away with raising prices. Eventually, the increased money will trickle to the workers, but only after a possibly severe food shortage. It could also permanantly weaken the eU.S. dollar. If you want to pursue this strategy, might I recommend freezing prices/wages or temporarily import essential goods? (careful with the imports, but it would stimulate the whole eWorld economy and cause other nation's currency to start inflating: not always a bad thing, eh?) Good luck!
The only way you can pay back the loans is if you default.Then a clean slate.So hopefully people dont lose to much money
Aidan, I love you. This makes me wanna move back the US just to vote your ass into the Presidency.
Eric Jensen - We wouldn't be paying off 12,500 Gold all at once, it wouldn't even all be completed during my term. Bonds however which would only affect the economy slightly and would all be issued in Gold - helping the US dollar problem.
I hope to see the US choosing this candidate, im not American but I want to see my US brothers choosing a CP who can lead them to the highs that its meant to be. AA for CP
Ah. Thanks for clearing that up. In that case, you have my vote.
the V2 Bonds shouldn't be due quite yet, or are they?
is your resume available.. political or private history that would reflect some experience to qualify your claim to have the ability to do this huge fix thing?
George Armstrong Custer - No, those aren't due yet, which is why I won't be paying them back. They actually don't have a due date, but they obviously should be payed after V2 😉
That's coming in another article 😉
I trust Aiden and Tjelle with my money, he is a good choice.
AidenAstrup has helped me as a noob. I trust this guy
Aiden is a good guy for this position
As an aspiring economist and member of tjelle bank, I would like to offer any support possible to you Mr. Astrup
I did not know we have that much debt. I'm not sure your claim of saying you will pay the debt makes you exceptional if the gold exists. If the gold exists stored away why wont we pay the debts off anyways? This seems to speak more of incompetence in our Treasury Dept. I'd like to see a counter argument if any exists before taking your claims at face value.
hot
Hmm you seem to be very qualified in an economic sense but how much millitary experience do you have? Or does the eUS already have leadership in millitary that I dont know about... Im new so I need to learn these things xD
The sooner the better.
Aiden can haz POTUS!
Lol.. ridiculous.. Why put yourself in debt to start with?
Good to know you've got a plan for this. We can't do the same thing that our real government has done, play the blame game while just spending more money. Unfortunately, that does not work. :/
Porter - It requires someone deciding to do something and someone noticing that there is a debt, both of which haven't happened.
I vote AidenAstrup! (unless my 40 gold are not paid back!)
wow that is lots of monies. When people start talking about taking on debt so that there are interest bearing securities in the game you know someone is messed up in the head. I had no idea it was that far gone.
The admins can completly regulate our Gold supply and the government wants to step in to that massive uncertainty with trivial needs and no prospects for expanding or retaining income through it's use. It is all risk and no reward as far as I see. I propose using money to expand revenue and I get laughed at or dismissed.
People, don't lend them money. They do not know what they are doing with it and you can make more money in a day if you pay attention to your surroundings than they give you in a month.
@ AidenAstrup's "...Porter - It requires someone deciding to do something and someone noticing that there is a debt, both of which haven't happened.": Duh! (he said "notice" lol).
1. I can't believe past administrations were so disorganized. At least there are records of these.
2. I side with those saying debt should be avoided in the first place.
3. Perhaps a private bank/cit("bill consolidator"😉 should step in(at a "reasonable" rate...but it off. Know of any ?(lol) Seriously...it could be an option...as long as there's no "conflict of interest". It's not really THAT big an amount.(I'd kind of like you to win Aiden...but, if worse came to worse...$$$)
As one of the people who runs the Congressional Budget Office, it's hard for me to believe we're 12,500 gold in debt.
Three cheers for AidenAstrup!
How much of this dead is due to dead or quit players?
This article seems to be causing a big commotion with out any hard numbers. I think it's slightly irresponsible to make such a claim with such a large number and then fail to provide any details.
"we have amassed an enormous amount of debt - over 12,500 Gold to be exact"
O.... M.... G....