our national debt is over 15 Trillion and each American owes

[Lovebears65]

189,000 dollars. This is unacceptable . And obummer wants to borrow more. Give more entitlements of which most are not funded like the 99 weeks of unemployment .. The left sure likes these but and dont care where the money comes from

 

[1_Old_Man]

Do you have a source for those rather larger than usually reported numbers? Oh, and do you know that a significant portion of what is called the National Debt is money owed by the Agencies to the Social Security Administration - money we owe to ourselves?

 

[Full-Auto]

Do you have a source for those rather larger than usually reported numbers? Oh, and do you know that a significant portion of what is called the National Debt is money owed by the Agencies to the Social Security Administration - money we owe to ourselves?

Government - Interest Expense on the Debt Outstanding

Government - Historical Debt Outstanding – Annual

You mean we have to borrow to make promised pay outs?


DO YOU EVEN KNOW THE AMOUNT OF WHAT THAT SIGNIFICANT PORTION IS?

 

[Full-Auto]

189,000 dollars. This is unacceptable . And obummer wants to borrow more. Give more entitlements of which most are not funded like the 99 weeks of unemployment .. The left sure likes these but and dont care where the money comes from

Wait until those forty plus million need medical premium subsidies.


YOU AINT SEEN NOTHING YET.......................

 

[Seawytch]

Wow...so who is responsible? Reagan who increased our debt by 189% or Bush II who increased it by 89%? Oh I know...you want to blame it on the guy that took over one of the worst economic situations of our lifetime.

Do you also blame your hangover on the guy making breakfast?

 

[007]

Do you have a source for those rather larger than usually reported numbers? Oh, and do you know that a significant portion of what is called the National Debt is money owed by the Agencies to the Social Security Administration - money we owe to ourselves?

U.S. National Debt Clock : Real Time

 

[LilOlLady]

Don't believe everything you hear on FOUXNEWS. Even if it is true, that will all change when people go back to work and stimulate the economy. Lets dwell on the now and the future is not the problem. We may not even have a future to worry about now.

 

[DiamondDave]

Wow...so who is responsible? Reagan who increased our debt by 189% or Bush II who increased it by 89%? Oh I know...you want to blame it on the guy that took over one of the worst economic situations of our lifetime.

Do you also blame your hangover on the guy making breakfast?

You and those like you love to use that excuse for Obamalama... yet you fail to do the same for Reagan and Bush II who inherited horrific situations from Carter and yes even Clinton...

There is enough blame to go all around... the various Presidents, the congresses, and yes even your beloved uber-spending Obamalama

 

[LilOlLady]

Do you have a source for those rather larger than usually reported numbers? Oh, and do you know that a significant portion of what is called the National Debt is money owed by the Agencies to the Social Security Administration - money we owe to ourselves?

Government - Interest Expense on the Debt Outstanding

Government - Historical Debt Outstanding – Annual

You mean we have to borrow to make promised pay outs?


DO YOU EVEN KNOW THE AMOUNT OF WHAT THAT SIGNIFICANT PORTION IS?

Because spending stimulate the economy. Any spending. Cut spending and programs for the poor and the poor will take what you have by force. IF borrowing is necessary to stimulate the economy, then borrow. then worry about paying it back with the revenue on stimulating. WE civilians borrow all the time when we use credit cards, etc. Americans are at fault themselves if thats the case.

 

[uscitizen]

189,000 dollars. This is unacceptable . And obummer wants to borrow more. Give more entitlements of which most are not funded like the 99 weeks of unemployment .. The left sure likes these but and dont care where the money comes from

Was all of that debt accrued under Demoncratic presidents/congress?

 

[TakeAStepBack]

It doesn't matter. It is beyond repayable. We run off the confidence that other countries will buy our toxic debt. Currently, they are and will even in some cases pay us to buy it. But it is not a long term game. This too will end and once the confidence on the international market ebbs, we'll see the truth of the situation.

 

[TakeAStepBack]

This isn't a party problem. It's a problem that goes back to spending way beyond our means and every president since the new deal has done it. They don't call fiat money a "race to the bottom" for nothing. Everyone, including the public can take the blame for the elephant in the room. Some peope are finally waking up. Though about 15 trillion dollars too late,

 

[uscitizen]

The debt is not beyone repayable.
Or well maybe it is considering our legislaturalist form of government.

 

[TakeAStepBack]

The average american is also living well beyond their means. The state governments too. The debt can be repaid, but not without the public and the government coming to terms that we have to make serious federal spending cuts right now. And that means less "public services" and also raising more revenue. Neither of which are appealing. it's like getting a heroin addict to admit they have a problem and seek help before they're ready.

 

[edthecynic]

189,000 dollars. This is unacceptable . And obummer wants to borrow more. Give more entitlements of which most are not funded like the 99 weeks of unemployment .. The left sure likes these but and dont care where the money comes from

First of all, you can thank Reagan, Bush I and Bush II for the GOP national debt. And even the Lyin' Ryan budget that CON$ worship increases the GOP debt $9 TRILLION more dollars!!!

 

[uscitizen]

This isn't a party problem. It's a problem that goes back to spending way beyond our means and every president since the new deal has done it. They don't call fiat money a "race to the bottom" for nothing. Everyone, including the public can take the blame for the elephant in the room. Some peope are finally waking up. Though about 15 trillion dollars too late,

The right wingers must consider Obama and the Dems as near all powerful to be responsible for all of this mess and they also must think that the republicans are extrememly weak to allowed all of this to happen.

Or maybe they are just partisan sheeple being led?

 

[Lovebears65]

Obama have put us in more debt that Bush did in 8 years!!! If he keeps at this pace who knows where we will end..

 

[uscitizen]

Obama have put us in more debt that Bush did in 8 years!!! If he keeps at this pace who knows where we will end..

And Bush nearly doubled the debt during his 8 years and 2/3 of that time the republicans controlled congress too.

 

[Valox]

Our debt is around 15.3 trillion and our population is around 312 million. Therefore, debt per person is pushing $49,000, not a $189,000.

 

[CaughtInTheMid]

one would think that both parties would be nominating candidates whose first priority is taming our national debt.

but we're too scared of everybody and everything to worry about money.

we're like the irresponsible college grad who goes out and gets 10 credit cards and maxes 'em out.

that would make us immature.