ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Politics and Social Issues»
  • Economy & Government

The Federal Debt and National Morale

Updated on November 15, 2015
cam8510 profile image

Through his travels and reading, Chris gathers information and writes about historical events and concepts which are often overlooked.

Depression of a Nation

Source

The Demoralizing Effect of Debt

What we experience in our own lives regarding debt is also true on the larger scale of nations. About three years ago I did something which was very unlike me. I built up a sizable, personal, financial debt. I have been working a plan which will have that new debt as well as an older home equity loan erased by the fall of 2015. As a result of this personal crisis, I have learned a couple of things about debt. First, it happens fast. Three years ago I was debt free not including my mortgage and home equity loan, and I was saving money. Very suddenly and quickly, things got out of hand.

The second thing I noticed was an emotional change within myself. When I was free of excessive debt, I was lighthearted and confident. As the debt grew, that was replaced with a heaviness in my heart and a sense of failure. I felt demoralized. One definition of demoralize is "to deprive (a person or persons) of spirit, courage, discipline." Yeah, that was me before I got my plan together. Now I am excited about how I am conquering the red numbers.

A Century of Data on United States Surpluses and Deficits

Chart showing US deficits in the red area and surpluses in the blue.
Chart showing US deficits in the red area and surpluses in the blue. | Source

The National Debt

I can't help thinking about the U.S. national debt at this time. Election cycles come and go, but things don't really change for the nation financially. We borrow and spend no matter which party is in control.

I simply want to share some numbers about the National Debt with you. I hope they will cause us all to slow down for a moment and consider the future of this great nation.

If the government stopped all spending and applied every dime of revenue to the national debt, it would take 389 years to pay it off. (source: Government Gone wild.com)

Let's look at the growth of the national debt under Presidents Ford, Carter, Reagan, Bush Sr., Clinton, Bush (W), and Obama.

Growth of the National Debt During Each of the Last Ten Presidential Terms

President
Beginning of Term (first)
End of Term (first)
Beginning of Term (second)
End of Term (second)
$ Increase During 1st term/Presidency
Gerald Ford
 
$653 Billion
 
 
 
Jimmy Carter
$653 Billion
$930 Billion
 
 
$277,000,000,000 (one term)
Ronald Reagan
$930 Billion
$1.6 Trillion
$1.6 Trillion
$2.6 Trillion
$2,670,000,000,000 (two terms)
George H W Bush
$2.6 Trillion
$4.1 Trillion
 
 
$1,500,000,000,000 (one term)
Bill Clinton
$4.1 Trillion
$5.3 Trillion
$5.3 Trillion
$5.6 Trillion
$1,500,000,000,000 (two terms)
George W Bush
$5.6 Trillion
$7.6 Trillion
$7.6 Trillion
$10.7 Trillion
$5,100,000,000,000 (two terms)
Barack Obama
$10.7 Trillion
$15.9 Trillion
 
 
$5,200,000,000,000 (one term)
Source of information: http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm

The Demoralization of a Nation

What is the growth of the national debt doing to our national morale? As I said before, I was demoralized by my personal debt. Are we being demoralized as a nation. Are we being deprived of our National Spirit, Courage and Discipline as a result of the growing national debt?

This is not a partisan article. Clearly, it doesn't matter which party is in control. Either way, we are out of control. I developed a plan to erase my personal, non-mortgage debt. Where is our national plan in regard to the national debt? How will we restore our national sense of morale, courage, Spirit and Discipline?

I will give you a hint. It won't happen at the voting booth. The national debt is our responsibility even though we weren't the ones throwing money around. The solution, I suspect, will never come from politicians although a plan imposed upon them may be carried out by them. I believe it will take a fresh, unique, unprecedented effort on the part of us, the citizens of the United States of America, to resolve the crippling problem of the national debt.

The National Debt Road Trip Video (video not chosen out of partisan motivation, but for the information it contains)

With bracing clarity, White House Burning explains why the national debt matters to your everyday life.

White House Burning: Our National Debt and Why It Matters to You
White House Burning: Our National Debt and Why It Matters to You

From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it.

 

Bravery must be the mantle of each American

When I think of bravery, it is usually the men and women of our armed forces who come to my mind. It is not only those who defend us against terrorism and the aggression of rogue nations who require bravery. If we as a nation want to survive, bravery must be the mantle of each American. We must require two things of our servant/leaders: First, that they stop the insane growth of our national debt. Second, that they listen to non-government individuals and groups who can propose a plan that the American people have a chance to understand and adopt. But we must also require something of ourselves. We must demand less for ourselves from government. These measures, combined with a growing economy will at least get us moving in the right direction.

If you need more of a motivational shock, check out the U.S. National Debt Clock.

Comments

    0 of 8192 characters used
    Post Comment

    • Kathryn L Hill profile image

      Kathryn L Hill 4 years ago from LA

      LH (laughing hard)

      U gots that rite.

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      Somehow I doubt that you are any of the above. People with money on both sides are using that money to sway things their ways. I have no trouble believing that.

    • Kathryn L Hill profile image

      Kathryn L Hill 4 years ago from LA

      George Soros took Obama over Hilary. I guess he is gaining financially in some manner by having this little presidential puppet in the palm of his hands... I heard that somewhere ...I do not know if it is really true... How could I? I am just a little humble housewife in the suburbs of Pasadena... a little old lady, if you will! LOL.

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      Hillary would have been a breath of fresh air compared to Obama. I heard on a radio show that someone close to the Clintons said anonymously that Bill does not like Obama and thinks he is ruining the country, but as the figurehead of the Party, he campaigned for the President. Bill tried to get Hillary to resign and get into the race in the spring but she said she felt too much loyalty to Obama. Bill told her that this is politics. There is no such thing as loyalty. That was on Hannity's radio show.

    • Kathryn L Hill profile image

      Kathryn L Hill 4 years ago from LA

      LOL. (I would not put much past the powers that are really running the show.) Do you think Hilary will get in, in four years? I do not. I heard she might try. Hard to believe, after all she has been through. I am hoping, by then, that the people will understand that the liberal policies just do not work on a practical level (and that we do still have a vote.) Thanks for your commenting.

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      I highly doubt that is true, but Romney did not run a good campaign. One of Reagan's campaign advisers was on tv the night of the election and he said that they did a poor job campaigning. For one thing, Romney waited until fall to start speaking out strongly about the economy. How does a candidate lose against a president with the record Obama has? Romney almost had to try to lose.

    • Kathryn L Hill profile image

      Kathryn L Hill 4 years ago from LA

      No, the truth is here for all to see. But there are very few guides willing to take on the task of guiding. Romney tried. Somehow he was too meek. Why did he not try to be more audacious???? It was almost as though he knew he could not get elected. I think G. Soros threatened his life. ( yikes.) I just heard that some where... I do not have ESP... really! :(

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      Kathryn, thank you for stopping and reading my hup, and for the insightful comment. It is amazing to me how in the campaigning, the discussion of the national debt deteriorated from the possibility of financial enslavement to the Chinese to laughing a Big Bird. Someone did a fine job of manipulating the national debate on that issue. I certainly hope that the scenario which you described never happens. The safeguard against that day is as much about developing a strong economy as developing a strong military.

    • Kathryn L Hill profile image

      Kathryn L Hill 4 years ago from LA

      In the presidential debates, Romney suggested we stop funding American activities which require borrowing from China. He mentioned PBS and Big Bird. No one understood his comment and instead, joked about his liking Big Bird! However, I , for one, think it is an excellent suggestion to Stop Borrowing From China.

      If we don't, that is one way to hand the Country over to the Chinese Government via the internet. They might decide to seize control of the US land or at least try, some day. Think of that, China and Russia could join forces to overtake the US and fight here on our soil to claim " their " land. We won't let them however. It will be a terrible battle. the US ( Hopefully, this will not occur in our lifetime) will have to rebuild after that and by then will know what does not work and reestablish what does. Long Live America!

    • btrbell profile image

      Randi Benlulu 4 years ago from Mesa, AZ

      An admirable goal and you are more than halfway there! I am not quite halfway. I was also aiming for 100 followers! Good luck!

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      btrbell, we've just got to keep writing and the income will follow. You and I are at about the same place on HP. I'm aiming for one hundred hubs right now.

    • btrbell profile image

      Randi Benlulu 4 years ago from Mesa, AZ

      My pleasure! Good luck in the battle! Wish I could find a better way to tackle it!

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      btrbell, thank you. It is nice to hear an understanding voice when it comes to the crush of debt. I am making an employment change that will enable me to be aggressive at tackling the monster. I feel for those who aren't as fortunate. Thank you so much for the "up and useful." That means a lot.

    • btrbell profile image

      Randi Benlulu 4 years ago from Mesa, AZ

      Very important message. I know you are not alone in amassing personal debt during these difficult economis times. good luck and thank you for all the important information! Up and useful

    • cam8510 profile image
      Author

      Chris Mills 4 years ago from St. Louis, MO until the end of June, 2017

      Becky, how are you this morning. Thanks for reading this hub. It has been a difficult time financially, hasn't it. I know there are others who have it harder than I do, and my heart goes out to them. I hope you and your family can find just the right place to live. Better days are coming.

      Chris

    • Becky Katz profile image

      Becky Katz 4 years ago from Hereford, AZ

      Very good hub and so much good information. I heard a woman say that if Romney was elected that she would have to go back to work. I could not understand that as I am having so much more of a struggle staying afloat under Obama than I have ever had in my life. We are paying so much more for heating our home, for food, for gas, and even for our housing than ever before. Our monthly cost have not quite doubled over the last four years. We constantly wonder how we can keep paying each things. I am right now looking for a different place to live that will be less expensive.