Worked with my colleague Joe McNamee to write a piece for The Conversation this week.
It is the second installment of our ongoing series on how to fix a $5trillion deficit without increasing taxes.
Joe McNamees work at a company called the US Postal Service.
It is not unusual for US Postal service employees to earn less than $25,000 a year.
One in six workers in the postal service earns less than that.
But if the US economy grows by 2.2 per cent, the Postal Service will earn about $1.7 trillion in revenue.
That is a lot of revenue.
And a lot more than $1trillion would make up the gap in revenue from other government programs, such as Medicaid and Social Security.
The US Postal Agency is the federal government’s main revenue source, with about $5.2 trillion in revenues.
While the US postal service does not need to raise taxes to meet its spending obligations, the government could cut its spending without raising revenues.
But it does not have the money.
To get a sense of the scale of the problem, here is a graphic illustrating how much more money the US government would have to spend to meet the federal debt-ceiling deadline.
The problem is not a simple one to solve.
What you need to know about the US debt crisisThe US government is trying to solve its $5tn debt problem by raising taxes.
That means the US would have a $3.6tn gap in the debt-limit.
If the US was to raise all of its taxes to $5,200 a year, it would have $4.3 trillion in debt.
That would be a huge amount of money.
The US government’s goal is to be balanced, so it has a budget that has a reserve balance of about $2.3tn.
However, there is a problem.
Most of the money raised by the federal governments debt-spending would go towards paying down the debt.
This money would be available for a variety of purposes.
For example, it could be used to finance the Federal Reserve’s operations.
Or it could go towards funding social security, Medicare and other social security programs.
If the US decided to spend $1,000 per worker, the federal budget would have enough money to pay for the entire payroll.
A lot of the spending would have been done by private companies, not the government.
So the federal deficit would have widened.
Another reason why the US needs to raise more money is that the US has a $2tn national debt.
If you were to borrow from your employer, your employer would repay the loan with interest, at a fixed rate of 10 per cent.
So raising money would have put a massive amount of debt on the US Treasury.
But the Federal Treasury was able to borrow money by creating new money.
This new money would increase the government’s debt-to-GDP ratio.
The federal government could then borrow from private companies to finance its spending.
In order to get around this problem, some experts say the US should be able to print money, but only to pay interest on its debt.
This option would not create an immediate and dramatic increase in the national debt because the money would not have to be repaid in full.
There are a couple of problems with printing money.
First, printing money would add to the US national debt and the interest on it.
The interest paid on the national bank debt is currently only about $300 billion per year.
If printing money were to increase the national national debt by $400bn per year, the US federal government would owe more in interest than it owes in taxes.
So printing money is not an immediate solution to the national fiscal crisis.
Second, printing cash would raise the debt of the US, which is why it is not good economics to print cash.
When the Federal government prints money, it creates money out of thin air.
The money is then used to pay back the debt the federal treasury has already paid off.
The idea of printing money to solve the US budget crisis has been around for decades.
During the 1980s, Ronald Reagan tried to raise the federal minimum wage to $8 per hour.
But Congress was not interested in raising the minimum wage, because it was viewed as a way to stimulate the economy.
Instead, Reagan’s economic adviser, John Taylor, argued that the minimum-wage hike should be limited to people earning $10,000 to $15,000.
Taylor argued that people who earn less should not have access to higher pay, and the minimum should be $7.25 an hour, with no raises.
Then in 1996, Bill Clinton signed the Employment Non-Discrimination Act, which made it illegal for employers to discriminate against workers on the basis of their race, color, religion, national origin, sex, age, disability, marital status