Deficit spending has raised the U.S. national debt to 9 trillion dollars.....?

Question

This is a stack of 100 Dollar bills 5,589 MILES HIGH!!!! This much money is not comprehendible...
Is it time to start looking at Federal spending? What is Bush's plan to counter this national debt? Isn't the National Debt the biggest issue for the 2008 election? I am willing to listen to any candidate that will take on this issue......How about you? Try to comprehend a stack of $100 bills Five Thousand Five hundred eighty nine mile high!!!!!! If that stack of $100 bills was layed on it side it would reach across the country between the East & West coast twice!!! Do we need to stop deficit spending now? Your thoughts?

This is interesting also check it out...

http://www.uuforum.org/deficit.htm

$100,000 is a stack of 100 bills 4 inches high!!!!!!

Answer 1

He doesn't care, he has made himself a nest egg from the war that will keep him & his family well to do for a while! And, due to his changes in tax laws, he won't have to pay taxes on any of it either! It will be the next guys problem, & the south will still want to voite any Bush in they want! They have drunken too much kool aide in 7 years. Sad, very sad what he is doing to all of our children & their children, at the very least!

Answer 2

9 Trillion is a lot of money, but just looking at the total figure is not the best way to measure or national debt. The best way is to compare it to our GDP, because that clearly demonstrates our ability to manage the debt. Based on GDP our debt is about 65-70%. That is a high number, but not extreme, it puts us in the middle of pack worldwide and is not nearly as high as the high post WWII debt which was 120% of GDP.
What is worrying, though, is that we are coming up to a point with aging baby boomers were a lot of that debt will have to paid off and not enough buyers to pick up the slack. Because, even though everybody talks abouts and worries about foreign governments holding our debt, the biggest holder, by an enormous margin, of US debt is social security. All of that money the government borrowed from social security will need to be paid back starting in the next few years, and there won't be any group to pick up the loss of social security dollars. If our debt has stabilized or begun to shrink that shouldn't be a problem, but at the same time we have a huge IOU coming due, we are increasing spending across the board in areas such as defense, medicare, medicaid, education, etc. All of these things are important, but without some fiscal responsibility we will not be able to meet our debt obligations without making serious cuts in other areas or raising taxes.

We have faced worse debt conditions before and come out fine, but government now seems more inclined to wish it would go away instead of actually doing anything. And one last thing, since 1938 our real deficit has been rising, but during the times of Democratic presidents the debt growth has been much smaller. This page breaks it down clearly; http://www.cedarcomm.com/~stevelm1/usdebt.htm. Who knows, but maybe the best way to slow down our debt is to elect a democrat.

Answer 3

Try not to be such an alarmist and do some more research/critical thinking... Yes, that figure alone is quite a deficit. But now, hold that up against the GDP and then project both numbers into the future. Per Bush, that deficit will be zeroed out in eleven years (at the current rate of spending and taxing). But! Per the GOA, that same deficit is actually projected to zero out in nine years -- again, at our current rate of spending and taxing. Just remember this, regardless of which office you believe, everything is subject to change with each coming election.

Answer 4

What we really need is someone in office that will work for the PEOPLE. We were a country without a deficit until Bush stole the 1st election. RE: to Fla. He has spent spent spent and spent without a single thought as to where the money will come from. He has single handed put this country into a debt that our great,great grandchildren will still be paying. Yes, It bothers me a great deal that people go to the polls and vote without knowing any thing about the candidate past, present or what they are capable of in the future.
Deficit spending does need to be a top priority for all the candidates running for office.

Answer 5

Here is how we can lower that outrageous figure.

I say we figure out how to finish iraq, i don't know the figure we will save. Deport all illegal immigrants it will cost around 250 Billion but each year they cost us 340 billion so it will payoff in the end. If they have some way to claim they should be allowed to stay like having a child here then make them become a citizen and pay taxes then build a wall and tell the mexican president to go to hell or for him to fix his nation. Stop pork barrel spending. Don't pour money into things mindlessly.

Bottom line don't spend more than we have.

Answer 6

Every dollar spent is budgeted by Congress. Our Congressmen and women allocate the spending down to the penny. No one has an unlimited open checkbook to run the debt 5589 miles high. Here is how Congress works.

http://www.funnyordie.com/videos/26b0d09397

Answer 7

It's PAST time to look at federal spending.

Bush took the biggest budget surplus in history (thank you Mr. Clinton) and turned it into the largest deficit in history in a mere 24 months. We have absolutely NOTHING to show for Bush's efforts in Iraq.

Answer 8

Fear not, our brave congress set the ceiling to $9t; and let us pole-vault right over it. Luckily, we have a super-wicked printing press.

Funny the way the news barks out: "Canadian dollar over US$", "Oil at all time high", "Euro over US$"... Why can't they consider that the US$ is simply being diluted into dust b/c of this monster debt?

Answer 9

You are correct about that. That is why I'm endorsing Fred Thompson. Fred08.com. He will bring the debt down.

Answer 10

Hey, we've got countries to invade, man. Iran, Venezuela. It's the American Way.