1 of 1- Common Sense
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National debt hits $19.5 trillion
The cost: $59,790 for every person living in the U.S.
National debt hits $19.5 trillion
The national debt hit $19.5 trillion for the first time ever this week, a little more than seven months after it hit the $19 trillion mark.
When President Obama took office in early 2009, the total debt was $10.63 trillion, which means it has almost doubled under his watch.
Last edited by Common Sense (9/02/2016 7:34 am)
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
- Goose
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Re: National debt hits $19.5 trillion
It's only going to go up.
Neither candidate, nor the feckless Congress has any credible plan to decrease the debt.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- Rongone
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Re: National debt hits $19.5 trillion
Let's see now . . . Which branch of the federal government has the constitutional responsibility for fiscal matters including taxing and spending?
I believe it's the federal legislature. Complain to your senators and representative, and next election, vote for someone with some knowledge and will take some responsibility when it comes to spending.
- tennyson
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Re: National debt hits $19.5 trillion
Rongone wrote:
Let's see now . . . Which branch of the federal government has the constitutional responsibility for fiscal matters including taxing and spending?
I believe it's the federal legislature. Complain to your senators and representative, and next election, vote for someone with some knowledge and will take some responsibility when it comes to spending.
I am guessing we really DON'T CARE - we keep voting the same representatives in year after year to represent us in the halls of Congress. 
Just a BTW, Mr Trump has been all over the place about the National Debt (what a surprise) but even FOX back in June stated that Mr Trump's financial plans would ADD $11 Trillion to the National Debt.
Last edited by tennyson (9/02/2016 11:03 am)
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
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Re: National debt hits $19.5 trillion
If you are really concerned about this, Common (and, I assume you are or you wouldn't have started the thread), then I would echo the other comments and encourage you to contact your congressmen. They ultimately control the purse strings.
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Re: National debt hits $19.5 trillion
I'm wondering what people would suggest we do - in detail - to reduce the debt.
And, if it's all spending cuts, keep in mind that you will have to cut in the neighborhood of $500 B a year just to get to the point where you aren't adding more debt.
Last edited by Goose (9/03/2016 1:35 pm)
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- TheLagerLad
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Re: National debt hits $19.5 trillion
When President Obama took office in early 2009, the total debt was $10.63 trillion, which means it has almost doubled under his watch.
I hate to play the blame game here, but there needs to be context around the "Obama doubled the debt".
Remember, when Obama came into office, the U.S. was in the worst financial crisis since the great depression. We needed increased spending to keep the financial engine of the U.S. moving and to power out of it.
We were also still financing two wars when Obama came into office and certainly he can't be blamed for that.
So take it easy when assigning blame. A lot of factors that occurred prior to 2009 led to the need to increase the national debt.
That said, we do need to address the debt and we need to do it now. I would love to hear from Clinton and Trump on concrete plans to decrease the debt and my guess is neither of them have one.
I think you're going to see a lot of different United States of America over the next three, four, or eight years. - President Donald J. Trump
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Re: National debt hits $19.5 trillion
I would like to see someone address the debt.
But, the blame game is all we ever get.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- tennyson
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Re: National debt hits $19.5 trillion
From a deficit standpoint, Trump's economic plan would actually wind up ADDING approx $11 Trillion to the deficit.
It would raise GDP and employment, but the cost to the deficit would be HUGE !
And BTW, even though he claimed the supeir rich would pay more as it turns out they will be the biggest gainers from the plan.
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"