What is the answer to the National Debt increasing 1.4 billion dollars per day?

Question

Please use facts.

http://brillig.com/debt_clock/

Answer 1

Yes Bush Family Member, that is why our debt is at an all time high. How can you support borrowing money (from people that don't like us no less) and also decreasing taxes. Last I heard, both wars in Iraq and Afghanistan will cost tax payers 1.2 trillion over ten years. Fine. Decrease taxes, but also decrease spending. You can't have it both ways. I am not going to debate the wars on this particular question, but imagine spending that 1.2 trillion dollars on our health care and infrastructure. We would be a phenomenally stronger country in which other countries would be looking to invest in. As of now, foreign countries are pulling out investment in this country. Also, foreign countries offer greater investment opportunities than in the US. (If you doubt me, compare internationally based mutual funds as opposed to mutual funds based on American companies. I had to change my 457 allocation and am I glad I did.)

Sorry about that rant. Answer to the debt, we can cut taxes (which is fine) but we spend what we have (actually borrow) like a drunken sailor on shore leave. Also toss in pork barrel projects and you have yourself an upcoming disaster. If I ran my company like the government ran the economy I would be so out of business. We need to actually decrease spending, and increase taxes, or at least just cut spending drastically. Reinvest in the US infrastructure and attract foreign investment. Since the Pound and Euro is so strong, offer tax incentives to foreign companies to come to America and hire Americans. With the dollar weakening, we should have droves of foreign companies begging to come into the US to set up shop. We don't have that. There is something wrong with that.

Answer 2

If we stop meddling in the affairs of other countries, that would be a great start.

If we didn't have a central bank (Federal Reserve Bank) that would be an awesome finish.

Answer 3

Its not a big deal. As long as GDP increases more than debt as it has been over the past 8 years, than we should be fine.

Answer 4

We use a lot of stuff and no longer make much. Almost everything is imported these days.

Answer 5

Stop borrowing money like a desperate housewife with a credit card (that is for you bush)

stop wasting money

start making more money

taxes

Answer 6

Cutting taxes and reducing wasteful government handouts.

Cutting taxes has decreased budget deficits. The U.S. has the lowest budget deficit in 5 years due to tax cuts stimulating the economy which in turn increases tax revenue growth.

More money is spent on social programs than on the military. The founding fathers are rolling in their graves. The primary purpose of the U.S. government is to maintain a military. The secondary purpose is to regulate commerce.

Social programs hamper innovation which in turns restricts economic growth. That is especially true when a country is competing against countries with highly devalued currencies (i.e. China).

Most of the modern inventions in the world came from America, and America has the most patents in the world. A capitalistic country will not survive if it tries to become socialistic.

More money is spent on the social programs ($1.228 Trillion) than on the military ($466 Billion).

$466.0 billion (+4.0%) - Defense
$394.5 billion (+12.4%) - Medicare
$367.0 billion (+2.0%) - Unemployment and welfare
$276.4 billion (+2.9%) - Medicaid and other health related
http://www.answers.com/topic/united-states-federal-budget-2007

Answer 7

I am not sure what facts you are looking for but the answer is stop spending. Our government is way bigger than it needs to be. Government is overhead, we have too much overhead.

Answer 8

Tax churches and religious groups. It's time to end their free ride. They take in trillions and contribute nothing to society.

Answer 9

Vote for Hillary

Answer 10

According to neo-cons, if we cut taxes 100%, revenues magically rises.