Should anything be done about the national debt?

Question

NATIONAL DEBT
The national debt on January 11, 2007: $8,674,243,208,578.15
Your current share of the national debt: $28,823.36

Source: http://www.house.gov

Answer 1

When Ronald Reagan was setting record debts, he said he wasn't worried about it. It is big enough to take care of itself. Of course, old Ronnie had Alzheimer's.

I suggest the same solution we had for Ronnie and Daddy George. Bring a Democrat in to clean up the mess. But this time, don't let the Republicans get their sticky paws back into the Treasury.

Castle...'s comment is off base. The current economy is fueled by obscene levels of deficit spending. No one in his right mind or even the White House Budget Office believe our current economy can solve our current debt problems.

Answer 2

Of course something needs to be done. A debt is a debt, and will remain a debt although not in a way an average person can understand.

Answer 3

It needs to be taken care of. It needs to be paid off and never seen again. In 2006, the U.S. paid nearly a half a trillion on interest alone on the national debt. Wouldn't it have been nice to spend that money on something other than interest to some other country?

Answer 4

That is not really true.
The national debt was huge before and was cleaned up in a short time and when reagan was president they said it would take forever and our children's children would pay for it and it certainly did not it was done in less than 8 years.
So I will not believe that line of bull again.
The national debt as a reflection of the GNP is only about 7% and it's like someone having a mortgage or a credit card.
A lot of our national debt is because other countries, like third world country's do not repay their debt to us.
If we made them pay up, the world would hate us for sure even more.
The national debt is not the huge worry that some make it out to be.
However, no, I do not like it at all either as I am a fiscal conservative.
Just don't let people blow it out of proportion.

Answer 5

"Why have not they achieved a reliable interest of explaining to the little human beings what's relatively occurring?" in the event that they did clarify what's "rather occurring," they could be shot! our legislators are bankrupting the country. The Federal Reserve has already reported america heavily isn't waiting to fulfill its destiny duties. the only time our legislators address the value selection and commerce deficits is to blame the different section. they don't look to understand that that's a bi-partisan concern we would desire to handle NOW. The Clinton administrations had some funds surpluses, for which the former president gets lots of credit. yet those "surpluses" resulted from including Social secure practices and Medicare taxes interior the sales. additionally, there have been the so-talked approximately as "peace dividends" that enabled us to downsize our protection rigidity and notably curtail protection rigidity spending. George W. Bush is clearly a member of the "huge Spenders" club. he will attempt to invest in something that would help him politically or help him shop face. He presently unfold out Medicaid to unlawful immigrants. that is going to value us a fortune. remember that one and all significant government costs would desire to be approved by the abode techniques and potential Committee. Republicans controlled this committee until January of this year. Now the Democrats are on top of issues, so we are going to see how they do (yet do not carry your breath). a reliable occasion of why our u . s . is in such financial straits is the proposed immigration "reform" bill that merely failed interior the Senate: enable's placed aside our thoughts relating to the humanitarian themes in contact (like retaining families jointly). in element of certainty that many senators, and voters, strongly supported this bill even although: a million) we don't be responsive to what number immigrants are in this u . s . illegally (is it 12 million or 20 million?); and a couple of) interior the debates and discussions, no guy or woman who supported the bill ever reported what it could value American taxpayers if the legislations exchange into surpassed and applied. while somebody commits to a challenge without understanding how great that's going to be or what that's going to value, that, IMO, is irresponsible. So that's no ask your self we are in such dire financial straits.

Answer 6

I don't even make $28,823.36 in a year! But since I am in the early stages of filing chapter 13, you will have to get my share from someone else!!! This debt could be easily fixed, and our government knows this perfectly well. The problem is that the powers that be, don't want to fix it. The debt fits in perfectly with forwarding their collective agenda!!!!!

Answer 7

Obviously you don't know how the monetary system in this country works. If it wasn't for Free Trade the national debt wouldn't matter. Who makes the money? The US mints. They could make up 8,674,243,208,578.15 in no time and pay the bill. What, you say that would affect our earning power? What earning power? 40,000 companies and almost 5 million high paying jobs have left this country in the last 5 years thanks to the Free Trade Acts but you probably didn't know that cause you're to busy worrying about Iraq! I'm sure you saw the movie, Wag the Dog.

Answer 8

Yes. The national debt weakens both the economy in general and the value of the American dollar itself.

Answer 9

We should have a National Lottery. The more money
you put in Lottery, the more surprise reward you get.
For example, if you spend $100 on Lottery, by the
end of the year, you may win $500 gift card or
50% off of grocery price for a year.

Answer 10

Yes...we should tariff the ever livin bejesus out of countries doing business with us until it is paid off, then...when we are operating at a profit line of that high, we should split the dividends among the US Citizenry by cutting taxes altogethr for citizens...in any manner but a national lotter in which incentive is playing the integral part of the "Voluntary" tax as our framers suggessted...