The national debt continues to grow, preventing the US economy from strong growth. Does Bush have a plan or will he leave this problem to the next adminstration?
2006-10-03 18:43:25 · 14 answers · asked by Anonymous in Politics & Government ➔ Politics
The high national debt of the 80s finally caught up with Republicans starting in 1989 and eventually cost Bush the 92 election. It has the potential to lead into a recession.
2006-10-03 18:55:46 · update #1
national debt does not include the money owed by states, corporations, or individuals
2006-10-03 21:14:29 · update #2
as he actually said about the iraq war, 'this will be the next president's to solve." !!!!
We have a huge deficit now because of Bush, wiping out our Clinton-surplus and going far into the negative. This exacerbated the debt to be sure. Bush does not care. This was Bush's plan, to steal as much of our money as he could for himself and his friends.
2006-10-03 18:50:09 · answer #1 · answered by cassandra 6 · 1⤊ 3⤋
The national debt does not necessarily prevent the US economy from growing strong. In fact, two of the biggest spenders before Bush showed some of the strongest economic growth ever. The 1980's had one of the strongest economies the nation had ever seen, and the largest national debt (before now).
I'm not advocating a national debt, nor Bush, but don't throw out generalities that aren't necessarily true.
BTW - I think Bush is planning on the debt to help like it did in the 1980's. His plan for economic growth is to spend more money. While there are merits to this idea, it is not a very good long term plan. But hey, he's already ruined the chance of another republican getting into office, right? Might as well make it someone else's problem! Like father, like son.
***EDIT***
The national debt is 8.837 trillion dollars, according to cia.gov, not over 800 trillion. (Really, Avery E, you didn't think anyone would check your source?)
***EDIT***
While many economists agree that the national debt is what caused the recession, many other economists disagree. It really is impossible to say with 100% certainty that because the government funded a war with money it didn't have a few years ago IBM stock is going down today, meaning a lot less people have money to spend on nice cars, which somehow raises your rent more than you got a pay raise this year. While I agree that it is probable that the two are connected, I am not going to say with certainty that national debt slows the general economy when people who have spent their whole lives studying these things disagree. Also, there are a LOT of reasons why George Bush, Sr. did not get reelected. The economy was only a small part of it. Ironically, the fact that he did not remove Saddam Hussein from power was a BIG reason.
I also did think of one thing Bush did that he might have believed would have balanced out some of the national debt... He made it harder for individuals to file bankruptcy. That will, theoretically, mean that other money that would have just disappeared from the economy will still be there. Nice, huh? He bankrupts the nation while making it next to impossible for people to ever make ends meet because of unexpected medical bills!
2006-10-03 18:50:41 · answer #2 · answered by Serving Jesus 6 · 1⤊ 1⤋
in accordance to Fox information McCain is working on that on the instant. yet Reuters as of final week suggested that the White homestead paintings stress is working for McCain on his coverage's for the financial gadget. (sorry i did no longer tag the object). So i could say a vote for McCain is a vote for Bush's financial gadget, Iraq and Iran coverage's.
2016-10-18 11:11:47 · answer #3 · answered by ? 4 · 0⤊ 0⤋
What plans do individuals have to reduce their debt? Consumer debt effects the U.S. economy, too. Will individuals leave their debts to their heirs? Who is going to pay the millions of dollars owed by people like me who have accumulated debts we cannot pay? Is Bush more accountable for the National debt than consumers are for the debts they have accumulated, cannot pay, and have sought redress in the bankruptcy courts?
2006-10-03 20:03:28 · answer #4 · answered by Baby Poots 6 · 1⤊ 1⤋
There are only three methods.
1. Reduce expenditures
2. Increase Revenue
3. Cook the books
2006-10-03 18:55:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Isn't that obvious take control of the world oil supply and secertly keep running things
2006-10-03 18:58:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋
raise taxes....and then send more money to south America to get them to help in this Iraq war...He said Latin Americas that resist to helping send military to aid...will cost them in cut funding...thats just nasty....
2006-10-03 19:59:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Ask his Father for a loan, and of course not pay it back.
2006-10-03 18:47:38 · answer #8 · answered by zclifton2 6 · 1⤊ 1⤋
He wants to take it out in goats from the muslims.
2006-10-03 18:45:52 · answer #9 · answered by notme 5 · 0⤊ 2⤋
World domination!
2006-10-03 18:45:52 · answer #10 · answered by Anonymous · 1⤊ 3⤋