Fixing the national debt

The only way that will successfully work to eliminate the national debt would have to be a hybrid approach to the issue. The first step to fixing this and the most obvious would be to raise taxes. However we all know the Americans hate paying taxes. They only thing that might help this would be a process that indicates your taxes are going directly to helping the national debt. Americans are more likely to agree to pay more if they know exactly where their money is going.

Another option would be to put a stricter budget on certain government programs. The spending that is being done by these programs is growing at a greater rate then the United States economy. The income generated from taxes cannot keep up with the rate that these programs are spending. So the most logical approach would be a combination of the two. Taxes would have to be raised but also spending by these programs would have to decrease as well. Americans would also be more willing to accept both of these processes if they know exactly where their money is going and what programs they will be helping, or if it is going directly to the national debt.