It took Reagan and the Bushes 30 years to make this mess. Reagan and Bush's daddy quadrupled the national debt. Clinton came along, raised taxes and before the end of his second term generated surpluses. Along came Slow Walkin' Slow Talkin' George, cut taxes twice, started two wars and doubled the total national debt from $5.7 to nearly $12 trillion. It's the tax rates folks...taxes are at their lowest rates in 50 years and the Republicans want to cut them more. This debt crisis will never be settled without the wealthiest Americans once again paying their fair share. There were two things which continue to affect our way of life. When Nixon took us off the gold standard a $20 bill would buy a $20 gold piece. Now it takes about 90 $20 bills to buy a $20 gold piece. The other thing is the draft... Nixon ended that. The wealthy worry about which ivy league school their kids will attend while the kids of the lower and what used to be the middle class travel to some godforsaken desert 10,000 miles away and fight their wars. About the debt again...when Obama assumed office the annual interest on Reagan and the Bushes debt was almost a half trillion dollars a year...that's 500 billion dollars. You didn't think those Communist Chinese banks were loaning that money interest free did you..... For comparison the government spends about 100 billion dollars on education and less than that on the infrastructure.