(Truthout) -- With the jump in projected deficits due to the Republican tax cuts, the deficit hawks are preparing for a battle the next time Democrats gain control of the White House. We can count on their thoughtful insistence that, however desirable, we can’t possibly spend more money on child care, health care, or other neglected areas.
This is why we should get out front and preemptively pay off the national debt even while Republicans still control the government. The path to debt repayment is simple: we sell off patents.
To remind folks, patents are government-granted monopolies. We give them to people and companies, ostensibly to promote innovation. They are tremendously valuable because these monopolies allow companies to charge prices that are far above the free market price.
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