Apparently Republicans aren’t worried about it. It’s been Full Speed Ahead on the spending.
I’m afraid they’ve come to the same conclusion that I have. That the rest of the world relies on the US economy, and that is totally dependent on Fed printing presses and Jedi mind games.
Hence we’ll be able to print and spend for many years into the future and nobody on the globe is going to say boo about it.
Maybe, it’s just me, but I am tired of the “Bueller?” references.
Grow the economy as fast as possible and prevent the Federal Reserve from causing a recession.
Just pay it off.
A reverse mortgage?
I happened to catch a minute of Fox9 News in Minneapolis the day the debt hit 22 trillion. They said the debt reached 22 trillion today and it is mostly caused by defense spending and the tax cuts.
So if we get rid of defense and tax cuts we will be debt free in no time.
The debt problem is the only American problem that both parties agree upon.
In public.
They also know what to do as they’ve been told for years. Cut government spending across the board by 4.5% and the debt problem becomes less of a problem going forward.
Hahaha.
FOAD
Yes, it’s terrible
He didn’t create it.
He didn’t run on it
Blame the last two president’s and the congress’ that operated during their terms.
When GW started spending I wasn’t paying attention since, we had adults supposedly running the White House and I assumed their was a tactical reason for the spend.
It got very out of control and Obama tossed a whole a forest on the fire.
No, the next president will be the one to clean it up and possibly look at old people programs, which will begin to run negative balances in the mid 2030’s
Stiff the Fed.
And when Trump leaves the scene, in two years or six, the deficit and debt will again be front and center. Democrats have not cared a whit about the problem for a generation now. They assume that bankruptcy will result in a massive expansion of federal regulatory power to manage the shambles, along with confiscatory taxation and a major shift to taxation of wealth. For the socialists, these are features, not bugs. I presume that most Republicans, post Trump, will prefer to at least go down fighting.
Inflation usually takes care of things like this.
With the USD being the world reserve currency we’re getting a free ride against inflation. Thanks in most part to the corruption of the EU and China. Don’t underestimate their antipathy toward the US and USD.
Liquidate all government assets aside from military and post office.
Everything will get better after everyone gets free college and a home the socialists says so.
Inflate inflate inflate inflate..........
Should be the same as what a family can afford on the mortgage. I think the rule of thumb is 2.5 times salary or something like that.
So the Fed govt. should only be allowed to carry debt at 2.5 times prior years tax intake unless a formal state of war is declared by Congress. Such state of War to be renewed on an established periodic basis unless ended by treaty or further congressional action.
Trump knows how to declare bankruptcy so that is one option.
We passed the point where we could easily pay the debt down long ago, and nobody is willing to make any of the really painful cuts that it would take to fix it now.
So instead we all just pretend it isn’t there and hope we can postpone the disaster long enough to hand the hot potato to the next generation.
Step one is spiritual, a national repent before the God of Israel.
Step two is the resumption of defining everything the way God defines it in the first 15 chapters of Genesis.
Failing that, well, we fail.
Not a hot-damn thing! Pass it on to the next generation! They will!