I don't care if they are Red or Blue as long as they don't spend a dime.
No Road repair No endowments to Science Arts Medicine etc NaDa Nada red cent.
2007-12-25 10:00:43 · 11 answers · asked by Guerilla Liberal fighter 3 in Politics & Government ➔ Politics
Dirtbag#1
I got a $100 bucks that says your wrong about that 3 years I'll set up an account we each deposit a C note in and wait for the answer.
2007-12-25 10:10:25 · update #1
The current President is almost single-handedly responsible for the debt - he doubled it in 7 years. He's pretty much sold this country to China, all to feed his hungry little business friends with freebies and tax breaks.
It's not conservatism, it's fiscal responsibility we need.
2007-12-25 10:04:31 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Firstly, debt is not a bad thing, if we are borrowing money at a rate of 5%, and made a 12% return on our investment, we have profited by strategically taking on debt.
Endowments to Science, Arts, Medicine.....benefit everyone, especially corporations that can profit in the marketplace. Plus, this is not even counting the psychological effect this has on us and the rest of the world.
Do you want China exploring space, conducting research on the cutting edge of medicine, or creating the best understanding of science this world has ever known? I don't, that is why our country is so great, there is a thirst for knowledge and a desire for the American dream.
And yes, we may be too far into debt with China, definitely, but compare our GDP to theirs. Basically my point is this, no debt is just as bad as too much debt, maybe even worse.
2007-12-25 18:17:32 · answer #2 · answered by bonx 3 · 0⤊ 1⤋
Without road repair, investments in medicine, and certain other bits of social spending (Department of Education, for you Ron Paul backers), the infrastructure of America's economy will suffer greatly, and there won't be sufficient revenue to pay off debt whatsoever.
Should a president come into office who doesn't spend recklessly and proceeds to rein in spending by the most expensive departments that aren't held properly accountable, the greatly reduced value of the US dollar will lead to some chunks taken out of the debt fairly quickly.
Still, the debt as we know it is not a direct loan from any one lender, but rather includes the savings bonds we invest in, as well as foreign investment in bonds. Americans are the single largest group in holding American "debt". Sure, it's flown out of control at times, but it's quite rational to maintain certain amounts of national debt. Just not this much.
2007-12-25 18:11:57 · answer #3 · answered by BDOLE 6 · 1⤊ 0⤋
If a new president maintains the rate of taxation and controls the pork spending the increases in revenue that president Bush put into place will pay the debt in 3 years.
2007-12-25 18:06:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
When Bill Clinton left office the US Treasury had a surplus.
George Bush has spent close to 1/2 trillion dollars which is financed by selling paper the the Chinese. Someday they will want their money and interest back.
If we keep following the current path of endless war and wasteful defense spending we will shortly go bankrupt just like the Soviet Union did.
2007-12-25 18:10:28 · answer #5 · answered by Citizen1984 6 · 1⤊ 0⤋
Yes, we can by balancing the budget every year for the next 10 years. Much of the debt will be repaid and the interest payments on the debt will decrease every year. Bush and Congress did not follow conservative fiscal policies during his two terms. Bush spent our tax money like a drunken liberal!
2007-12-25 18:13:50 · answer #6 · answered by Shane 7 · 1⤊ 0⤋
The national debt can NEVER be repaid. As such there exist no such thing as a repayment of national debt anyway. We will be subjected to massive tax hikes and dictator like "leadership"! The only way out of the mess is to suffer a major depression, (which we are actually are suffering) and take back our country. Time has come for the citizens of this USA to wise up and stop letting the corrupt politicians prevail!
REVOLT NOW!!!!!
2007-12-25 18:08:55 · answer #7 · answered by ? 6 · 0⤊ 1⤋
No. No one cares.
People have been whining about the National Debt for over one hundred years.
As soon as we get a Democrat President, NO ONE will even care about National Debt.
All anyone will care about is: "What can the Taxpayers GIVE ME".
2007-12-25 18:28:23 · answer #8 · answered by everbrook 4 · 0⤊ 0⤋
Brilliant, that way we can have the US the way Clinton had it when Bush took office, except much worse. Face it, the debt will never get paid off completely, but we can lower it by spending less on things like earmarks, pork projects and domestic progams that do little but just pay people off.
2007-12-25 18:05:20 · answer #9 · answered by Anonymous · 1⤊ 1⤋
Are you kidding? It was a conservative path that ran up the debt.
2007-12-25 21:54:59 · answer #10 · answered by robert c 6 · 1⤊ 0⤋