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In 222 years of all Presidents ending with George Bush, we had 10 Trillion in Debt. Over the last 8 years, Obama raised the national debt 100% to 20 Trillion.
There is really something wrong with this. Dont you agree?
In 222 years of all Presidents ending with George Bush, we had 10 Trillion in Debt. Over the last 8 years, Obama raised the national debt 100% to 20 Trillion.
There is really something wrong with this. Dont you agree?
Yes, it also doubled under Bush, and tripled under Reagan. Trumps policies would quickly double is again.
That is what happens when we don't pay for wars and then have a massive recession....debt goes up, it is simple economics. The best thing to do would be to work on reducing the deficit, strengthen the economy by trying to get everyone's wages to go up, and then work on a long term plan to lower the debt. Though when compared to the country's GDP, the debt ratio isn't as bad as some people wish to make it sound.
That is what happens when we don't pay for wars and then have a massive recession....debt goes up, it is simple economics. The best thing to do would be to work on reducing the deficit, strengthen the economy by trying to get everyone's wages to go up, and then work on a long term plan to lower the debt. Though when compared to the country's GDP, the debt ratio isn't as bad as some people wish to make it sound.
In 222 years of all Presidents ending with George Bush, we had 10 Trillion in Debt. Over the last 8 years, Obama raised the national debt 100% to 20 Trillion.
There is really something wrong with this. Dont you agree?
When you're handed a recession, near depression and unemployment rates double digits, along with two quagmire wars and the required VA healthcare for over 1 million Soldiers from those wars, you're not exactly going to trim the budget.
Just the loss in tax revenues from those unemployed and their required compensation will heavily impact the debt.
So are there faces and names on the human beings that we owe trillions of dollars too?
Its mostly you and me in form of Social Security. Foreign debt is actually a small fraction of the figure.
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So? We'll just print more like always, no problem at all, we've got plenty of ink and paper.
