R's run up the debt and pass it off to the D's. Dems run up the debt and then blame the R's. The cycle repeats.
With a Democrat House, spending cuts are DOA. You wont hear about them in next years SOTU address.
PS: You can grow out of debt, actually it is the only way out.
I don’t think neither the GOP or Democrats care about debt. I don’t think the general public cares about debt. I don’t think that college kids care about carrying $80,000 of student loan debt. The list goes on and on.
I worked with a fairly educated lady around 2006-2008 who had around $70,000 in credit card debt. She was making 6k a month after taxes, but virtually every penny was going to car payments, rent, and this 70k credit card debt. There was nothing left over. She was late 30’s, and had zero money going toward an IRA. Her entire life plan was built on social security as her one and only pension plan. What bothered me about this....was that she had nothing to show for the credit card debt...it was all junk of no value.
Well, one thing for sure. Trump aint gonna fall for a deal like HW Bush did. We wont be raising taxes over a Trump signature just to have fiscal responsibility thrown in his face. So he probably wont do much to reduce the debt but just reduce its acceleration.