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US Debt

How much debt should the USofA have?

  • doesn't matter if over 100% of GDP

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Yurt

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how much debt per capita do you think our debt should be? per gdp?
 
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Yurt

Yurt

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could a mod add:

how much debt of the % of gdp?

and how many trillions is enough?

thanks.....i couldn't get that to fit the poll
 

waltky

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Debt climbs faster than tax revenue to pay for it...
eek.gif

CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion
June 29, 2017 - Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins on Oct. 1, according to data released today by the Congressional Budget Office.
At the same time, however, the federal debt will increase by more than $1 trillion. In fiscal 2017, which ends on Sept. 30, the federal government will collect $3.315 trillion in total taxes, according to the projections the CBO released with its "Update to the Budget and Economic Outlook: 2017 to 2027." That $3.315 trillion in total taxes will include $1.574 trillion in individual income taxes; $1,164 trillion in payroll taxes; $310 billion in corporate income taxes; and $267 billion in other taxes.

federal_taxes-cbo_chart.jpg

In fiscal 2018, according to CBO’s projections, total taxes will climb by to $3.531 trillion. That will include $1.724 trillion in individual income taxes; $1.195 trillion in payroll taxes; $324 billion in corporate income taxes; and $289 billion in other taxes. The $1.724 trillion in individual income taxes CBO projects the federal government will collect in fiscal 2018 is $150 billion—or 9.5 percent—more than the $1.574 trillion CBO projects it will collect this fiscal year.

tax_chart-2018-2.jpg

The $3.531 trillion in total taxes the federal government will collect in fiscal 2018, according to CBO’s projections, is $216 billion—or 6.5 percent more—than the $3.315 trillion CBO projects it will collect this year. Despite these projected increases in federal tax collections from this year to next, the CBO also sees a massive increase in the federal government’s debt next year. According to CBO’s projections, the gross federal debt will rise from $20.188 trillion at the end of fiscal 2017 to $21.221 trillion at the end of fiscal 2018. That is an increase of $1.034 trillion.

federal_debt-cbo_chart.jpg

CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion
 

Old Yeller

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10% or less. They have shown inability to be Trusted. Cut them off. Sell assets and pay it down to $2T right away.

We can't do anything about it but vote in lesser Evils at this point.
 

edthecynic

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It depends on which party is president.
When a Republican is president, no amount of debt is too much, there is ALWAYS a rationalization to justify it.

When a Democrat is president ANY debt is too much and is stealing from our grandchildren.

Deficit-Attention-GOP.jpg
 

Two Thumbs

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It depends on which party is president.
When a Republican is president, no amount of debt is too much, there is ALWAYS a rationalization to justify it.

When a Democrat is president ANY debt is too much and is stealing from our grandchildren.

Deficit-Attention-GOP.jpg
so how come we still want the debt to be lower?

oh wait, it's b/c trump is actually a dem....
 

Siete

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havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.

$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him

hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !

and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
 

Two Thumbs

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havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.

$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him

hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !

and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
so you're saying that trump is not different than Clinton and Obama.

thus verifying that trump is a dem
 

edthecynic

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havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.

$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him

hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !

and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
so you're saying that trump is not different than Clinton and Obama.

thus verifying that trump is a dem
No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.
 

Two Thumbs

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Two Thumbs

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havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.

$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him

hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !

and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
so you're saying that trump is not different than Clinton and Obama.

thus verifying that trump is a dem
No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.
when was the last time any Pres lowered the debt?

sure as hell wasn't "Spend baby spend!" obama
 

Siete

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havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.

$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him

hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !

and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
so you're saying that trump is not different than Clinton and Obama.

thus verifying that trump is a dem
No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.
when was the last time any Pres lowered the debt?

sure as hell wasn't "Spend baby spend!" obama

Obama lowered the deficit over 1 Trillion dollars.

FACT
 

Markle

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Obama lowered the deficit over 1 Trillion dollars.

FACT

Cute try. As you well know, the deficit makes not one iota of difference.

Petulant former President Barack Hussein Obama raised the DEBT TO TWENTY TRILLION DOLLARS.

Grow up!
 

Siete

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Obama lowered the deficit over 1 Trillion dollars.

FACT

Cute try. As you well know, the deficit makes not one iota of difference.

Petulant former President Barack Hussein Obama raised the DEBT TO TWENTY TRILLION DOLLARS.

Grow up!

from a percentage standpoint Obama raised the National Debt 68% ... 43 raised it 101%
 

LordBrownTrout

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havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.

$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him

hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !

and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
so you're saying that trump is not different than Clinton and Obama.

thus verifying that trump is a dem
No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.
when was the last time any Pres lowered the debt?

sure as hell wasn't "Spend baby spend!" obama

Obama lowered the deficit over 1 Trillion dollars.

FACT


Lol and raised the debt over 9 trillion.
 

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