Hey cons. What is your plan for dealing with the national debt?

Question

The national debt is now appoximately nine trillion, one hundred and sixty-five billion dollars. It is estimated to be about ten and one half trillion dollars by the time Bush leaves office. That is double what it was when he took over.

Does the national debt concern you greatly, mildly, or not at all? What would you do about it?

Answer 1

They just don't care. You can tell by some of the answers here. They say "just cut taxes and it will be paid off" That's like saying "If my boss would just cut my pay I could get out of debt". The National Debt concerns me very much.

Of course they believe the burden should only be on the poor and working class.

maryjellerson - There's no money in the treasury. We have a nine trillion dollar debt, half of it just added by Bush.

Pro Bush - You can't possibly be an econ major and be that uninformed. "in 1995 this country was debt free until clinton got in the office". That's the most rediculous statement I've seen.

Answer 2

LOL The creators of the debt are Republicans. Reagan tripled it, Bush a million doubled it, Clinton extra to it modestly on condition that he had 2 years of surplus and many years of small deficits. Then got here Mr. Deficit himself. Bush 2 no longer started 2 wars, shrink sales and crashed the economic equipment so undesirable that the deficits of the subsequent president could have its roots interior the Bush admin. Obama would be blamed for little or no of it. And, a minimum of Obama has some issues to instruct for it. Bin encumbered ineffective, GM no longer ineffective, Our Banking industry solvent, Iraq conflict over, Troop surge in Afghanistan over. consistent with threat you are able to try examining and thinking truly of arising brainiac statements like this

Answer 3

Where I come from, the word con refers to convicts. In case this is who you mean, I don't know because I have never been one.
In case you mean Conservative, I believe that the thing to do would be to pay it off. That is what conservatives usually do with debt.
This might require an austerity program, or it might require cutting government spending. Perhaps we wouldn't have the money to fund "the national endowment for the arts" or other endowments for awhile. Perhaps we would have to cut the department of education, or maybe we would have to stop funding the studies of the sexual habits of the fruit fly in the Amazon and bridges which lead nowhere. It might be a very good idea to elect people who were inclined to be fiscally responsible to our Congress.
There is plenty of money in the treasury to retire this debt over the next few years. All we would have to do is reallocate our priorities and learn to live within a budget.
It would probably be a good idea to cut taxes as well, if you do that, you inspire people to work harder and make more money.
I think that after we retire this debt, we should return to a gold standard, and pay strict attention to our bottom line. If we do that, we will never have to deal with this kind of uncertainty about our money again.
In looking at the current crop of candidates, the only one who is inclined to do these things, in either party, seems to be Ron Paul.
If you are truly worried about the National Debt, it would be a good thing to work to get him elected.

Zardoz----The president doesn't fund anything, the Congress does. If you want to blame someone, blame them. All the president can do is propose, Congress disposes. Have a nice day.

Answer 4

The only way anyone can possibly hope to get spending under control is to elect strict Conservative leaders. President Bush is no Conservative. He is at best a Moderate. Far to willing to agree to huge spending domestically. He did not veto a single spending bill during his first term.

Anyone who thinks for one minute that Moderate or Liberal members of Congress or a Moderate or Liberal President will get spending under control has no idea of how things actually work.

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Answer 5

Well for those of you that think that Clinton/Gore era created this dillema, you're wrong.
Clinton and Gore inherited their debt from Reagan and guess who...Dubya the 1st...
Oh yeah the source is a "conservative news forum"

Let's see anyone in the next 15 years match what Bill and Al did in their 8 years of office!

Answer 6

I think they want more tax cuts for billionaires. Shut down everything the government does except start wars and build prisons. Other than that, let private companies own the roads, the bridges, the water supply, the hospitals, and no unions or health regulations or environmental regulations or banking and securities regulations. That would be the conservative solution.

Would it work? Ha ha ha ha ha ha ha................

(Bush is NOT a liberal! He marketed himself as a compassionate conservative, conservatives believe in eliminating government services and he has done that, he is conservative. Not paying the bills is because he cut taxes on the wealthy while funding a $1.5 trillion UNNECESSARY war. Do not hang him on liberals, we have never had anything to do with his economic or military or social philosophy, that is entirely conservative!)

Answer 7

i am a 4th year econ major and it doesn't concern me....in 1995 this country was debt free until clinton got in the office....so whatever you see on CNN...please don't blame it on bush. during war time debt has and always will go up in this country....check our debt during Vietnam, Korea, or even WWII. our taxes haven't changed for the war and the government doesn't burden the citizens with the war bill....thats why the debt is high right now just as it was during all the wars this country has fought.
there are also many benifits to a debt...such as a weaker dollar....meaning more insourcing to our country (ex: european IT market...over 90% being outsourced to US because its cheaper for them to outsource to US).
more countries such as japan, uk etc buy more US bonds (which gives us the money for the war).....so there is more indirect faith from international community towards our foreign policy.
US is the only country on the planet that has NEVER defaulted on a loan...we have ALWAYS paid back the money we borrowed without burdening the citizens....uk, japan, germany, russia, china, india etc....can't say the same.
even countries like india are OUTSOURCING to US...giving us more jobs....even though 1 dollars is about 38 rupees (indian currency)....so debt is not always a bad thing and thats one of the first things you learn in micro and macro economics.
http://money.cnn.com/magazines/fortune/fortune_archive/2007/08/06/100141303/index.htm
http://mjperry.blogspot.com/2007/06/india-now-outsources-jobs-to-us.html

Answer 8

"It's simple. Cut the tax rate, make business boom, gather tons in taxes because everyone's working and paying taxes and pay the sucker off!!"


This answer is great. So far this tactic has worked so well that we have record debt!
Booming business creating a stable profitable economy was the plan in 20's also. That it was followed by the Great Depression is a coincidence Im sure.

Answer 9

It is a concern and it will be paid off in time. It certainly isnt the end of the world though.Lower taxes, give incentives for business to add jobs and increase production, actually get some manufacturing jobs (in my opinion), lower domestic spending, reform the failing public school system so kids are coming out dumber than when they went in (partly parents and society that are to blame- ok mostly)

There are other things to do as well but you know what isnt one of them? Name calling and finger pointing partisan politics.

Answer 10

Well it does concern me, I mean I am a republican, I pay my debts and expect the government to pay theirs. We will have to cut spending, pure and simple. That means all these frivilous pork spending and social programs have to be cut. The spending on the war is neccessary, that is one of the 5 things that the federal government is suppose to do.

1. Mint currency
2. Make Laws
3. Conduct foreign affairs
4. Provide an Army for National Security and to conduct Wars.
5. Collect Taxes

Anything else is frivilous government involvement in the States responsibilities.