If another Republican is elected President, what will he do to the National Debt?

Question

Will he double it like Bush did?

http://www.lafn.org/politics/gvdc/Natl_Debt_Chart.html

http://brillig.com/debt_clock/

The National Debt has continued to increase an average of
$1.42 billion per day since September 29, 2006!

Answer 1

leave it for the next democrat President to deal with, so the sheep can blame dems for being tax and spend, when they are realistically.....tax and pay off Republican debt.

Answer 2

Nonsense! The federal deficit for Fiscal Year 2007 was $168.2 billion. Basically, that's less then $500 million per day, not 1.42 Billion

But to answer your question, the next president, be it Dem or GOP will run a budget deficit. Almost every president does.

Bill Clinton was a rare exception, because the dot.com bubble just brought in so much extra tax revenues for the bubble stock market.

By the way, if the economy, tax revenues, and gov't spending continue to grow at current pace, the budget goes into black in May 2009. Graph it out. If the economy picks up, and spending is cut a little bit, we'll go into the black before Bush leaves office.

Answer 3

Our national debt sits somewhere around $60 trillion.

The reason you never hear this from anyone else besides me and Glenn Beck is because no one has ever bothered to get an accountant involved with evaluating the nation's balance sheets and what can be called the Fed's "projected benefits obligation".

Our current debts include those of the floundering Social Security benefits, Medicare, Medicaid, and federal employee pensions.

More than half of this debt can be laid at the feet of a democrat named Franklin Delano Roosevelt.

(Take a bow, liberals. We appreciate you promising more than we can ever pay, and then telling us in 2004 that there was nothing wrong with the program.)

By the way, your figures {$1.42 billion per day} is more than 3 1/2 times too high. You need to look at the 2007 federal financial statements.

Answer 4

Common Sense - DEFICIT is getting smaller - not the debt. As long as a deficit exists - the debt is getting bigger.
And there is no chance of the next president inheriting a surplus - Bush's own forecasts are for a surplus in 2012. The next Republican president might - after a few more terms of the fiscal responsibility we saw under Clinton - long after the embarrassment of this administration has been forgotten.

Answer 5

Do what the Republicans always do find way to blame it on Bill Clinton.

Answer 6

He'll make it by go down shrinking government spending. Also I think you should know that income tax revenues have greatly increased since Bush cut taxes.

Answer 7

That's a non-issue because the Democratic Party will win in '08.

Answer 8

Just what Bush has done--water it with the blood of American soldiers to make it grow so he can make a profit for himself and his cronies.

Answer 9

Well, seeing as how the national debt is getting smaller now, I'd guess that the next Republican President will inherit a surplus.