http://brillig.com/debt_clock/
2007-10-26 03:23:45 · 14 answers · asked by Zardoz 7 in Politics & Government ➔ Politics
Doesn't any republican have a real plan?
2007-10-26 03:32:00 · update #1
Mel, the economy will never increase enough to counter a 1.4 billion dollar per day increase.
2007-10-26 03:33:19 · update #2
chadp10 - That's an answer, thanks
2007-10-26 03:35:22 · update #3
Elaine - It wasn't the debt that was paid off, it was the deficit.
2007-10-26 03:42:06 · update #4
Only way to pay off the debt is the way Bill Clinton did it. When he left office we had surpluses. You have to get the economy and the stock market cooking and have the unemployment rate very low. Thus more people pay taxes. Raise taxes on all making over $500,000 a year. Lower spending on defense. Thats the only way but the problem is right now we need to spend money on defense and the economy is not that great and either is the stock market which then makes unemployment rise. So there is no easy answer but I gave you the solution.Some people such as trump have suggested a 1 time tax on every one who has a net worth over 100 million of 10%. In return when they die we will lower there estate tax by 10% also but at least we can lower interest on debt now. Good question.
2007-10-26 03:33:25 · answer #1 · answered by Anonymous · 3⤊ 1⤋
They don't. They like to give b.s. about how having a national debt. is actually good for the economy. They like to say by borrowing money now we will become even wealthier in the future. Of course anybody with any common sense knows that won't be the case.
The Democratic party WILL take measures to cut into federal deficit ( like Bill Clinton's plan to balance the budget) but the Republicans will complain about tax increases that are required to do it.
So the Republicans spend and don't pay. The Democrats will spend also, but they will end up paying for their spending AND the Republicans spending too !
It's pretty obvious who the fiscally responsible party is !
2007-10-26 11:12:14 · answer #2 · answered by ? 6 · 1⤊ 0⤋
The last time, and this is from the White House, the debt was paid off was in the mid 1990's, under Clinton. Reagan, though he tried, never took into consideration the growing population of the US.
EDIT: Thanks for mentioning the Deficit and Debt to me!! The National Deficit is an addition to the National Debt. So if the Deficit goes up 1billion then so does the Debt. And to pay it off we need jobs. The more jobs created, the less taxes each individual has to pay towards the amount owed. Thus, instead of hearing 3,000 layoffs, we need to hear about jobs being created. Rebublicans don't intend to pay it off....they leave it for all Americans.... So when taxes are raised, to pay it off, don't blame Hillary, blame Bush.
2007-10-26 03:39:37 · answer #3 · answered by Elaine 3 · 1⤊ 1⤋
Well right now with our current spending we will never. I think we are actually over 2 billion a day. you think that is bad, wait till the 75million baby boomer start receiving Social security.
at $1,000 a month that is an additional $75 billion a month. Ha ha, it is going to get worse before it get better.
Lets not mistake the neocons which are the dems that are hijacking the party ( rudy, romney) they love spending.
the only person who can get us out of debt is someone who has voted consistently against spending. That man is Ron Paul
2007-10-26 03:39:03 · answer #4 · answered by Boston George 3 · 1⤊ 1⤋
There are NO PLANS to pay the debt off with these Repuks.
The only pay off they're thinking about are their own and contribution buddies!
2007-10-26 03:46:13 · answer #5 · answered by MarkyMarkC 3 · 1⤊ 1⤋
Growing the economy which in turn results in larger tax receipts. The same way Clinton planned to pay it off.
I didn't say it would work. I said that has been the plan since I was a young sapling through a few presidents.
2007-10-26 03:27:43 · answer #6 · answered by MEL T 7 · 1⤊ 3⤋
How about stopping it from occuring everyday and lets concentrate on paying what we owe, and not speculating on what we are going to have to pay. Bush is a joke. Had his daddy been anyone else he would have been impeached a long time ago!
2007-10-26 03:33:00 · answer #7 · answered by nikki 2 · 1⤊ 1⤋
Mel...that doesn't work...it would take 2000 years at the current growth rate to pay it off.
2007-10-26 03:29:00 · answer #8 · answered by Anonymous · 2⤊ 3⤋
Keep fighting in Iraq, push for war in Iraq, and have war with Syria on standby, while ignoring the debt...
...after all, it's worked this far!
2007-10-26 03:36:46 · answer #9 · answered by amg503 7 · 3⤊ 2⤋
The Nat'l Debt also includes how much money private citizens owe. Like my home mortgage is part of the Nat'l Debt.
2007-10-26 03:29:11 · answer #10 · answered by civil_av8r 7 · 0⤊ 4⤋