What about the debt?

Jump to Last Post 1-3 of 3 discussions (14 posts)
  1. rhamson profile image75
    rhamsonposted 22 months ago

    What seems to elude the media is the National debt and I wonder what Trump has in mind for that. Nothing is my guess as most Presidents ignore it as a policy. Currently with a national debt of $19,932,484,327,904 and rising and with approximately a 322,761,807 population we each have a debt of $61,756 check that is due the government. This on top of what I already owe is alarming to me. What about that? Who is going to pay this forward?

    1. wilderness profile image98
      wildernessposted 22 months agoin reply to this

      Rich people.  Rich people will pay it all. 

      Except that in practice, it is our children and grandchildren that will pay it...if it is ever paid at all.  More likely is that we will either default or forever pay interest in the goodies we bought with the loans decades ago.  Certainly those that got something for it will never be asked to pay.

      1. rhamson profile image75
        rhamsonposted 22 months agoin reply to this

        It is not even on the back burner for discussion. We are drowning in debt and all Congress can do is figure out new was to expand it. For our irresponsible behavior this country will continue to decline just as the other empires over time have. Is China the next super power to eclipse us and when?

        1. wilderness profile image98
          wildernessposted 22 months agoin reply to this

          No arguments from me.  Politicians buy their way to power by borrowing and giving it away; citizens assuage their conscience by telling the politicians to do so rather than buying American made while other citizens demand what they want but cannot afford.  All are easier than actually attacking the problem of low paying jobs with something that might work.

    2. PhoenixV profile image61
      PhoenixVposted 22 months agoin reply to this

      Its just another 10 trillion. And your income tax check return. But it saved us all from the Great Repossession since the depressing days of the thirties.

    3. colorfulone profile image84
      colorfuloneposted 22 months agoin reply to this

      Quantitative easing vs what we have, macro-economics?

      I don't have any answers.

  2. Castlepaloma profile image76
    Castlepalomaposted 22 months ago

    Is I not amazing how bank can print up a trillion dollar, maybe it cost them hundred dollar in ink and paper, it is nice they don't charge us for that expense. Because they make far more money  on the hyperinflation interest from the people. Where the Government is never going to pay back the loan they keep borrowing . If the Government were a business they would always go bankrupted, over and over like Trump. That means we all go down with the ship of fools with no life saver because soon we will all be in a Global depression.

    I have already jumped ship, somebody has to present the dark clouds ahead. It sucks that it it has to be me. I rather be playing in a sandbox with the joyboys, as the same as I've done most of my life.

  3. Kathleen Cochran profile image82
    Kathleen Cochranposted 22 months ago

    Bill Clinton didn't ignore it.  He left us with a surplus that Bush II couldn't get rid of fast enough.  Remember the $600 checks we all got between January and September 2001?  Remember what you spent that $600 on?  Neither can I.  I'd rather we still had a surplus.

    1. PhoenixV profile image61
      PhoenixVposted 22 months agoin reply to this

      bill inherited it from President Ronald Reagan.

      1. rhamson profile image75
        rhamsonposted 22 months agoin reply to this

        Reagan's numbers are usually jumbled by whoever you wish to listen too. Yes Reagan handed a surplus over to Clinton but he tripled the deficit in doing so. Clinton took the surplus and balanced the budget and all but erased the deficit spending for a short while.

        If you have a love affair with Reagan here are some more unpopular things he did during his time in the White House.

        https://thinkprogress.org/10-things-con … .o5bwfitvo

        1. wilderness profile image98
          wildernessposted 22 months agoin reply to this

          That's confusing.  Are you saying that Reagan took in more than was being spent, but then siphoned off more than the excess (without spending it) and hid it in Fort Knox or something, leaving it necessary to borrow to cover expenditures?  And then Clinton refrained from hiding any, but ended up spending more than was coming in anyway? 

          Not understanding how a person, household or government can have a surplus of money coming in (more than is being spent) and yet a deficit (less coming in than is being spent) at the same time.

          1. rhamson profile image75
            rhamsonposted 22 months agoin reply to this

            It is quite simple. He did not pay anything towards the debt as most Presidents don't.

            1. wilderness profile image98
              wildernessposted 22 months agoin reply to this

              Not paying unnecessary principle on a debt is not the same as running a deficit.

              Nor did Clinton balancing the budget (zero deficit, zero surplus) mean that he paid down the national debt.  Just that he didn't borrow to make daily expenses.

    2. wilderness profile image98
      wildernessposted 22 months agoin reply to this

      Do you remember the $1,000,000 checks Obama sent to each household?  And what you spent it on?

      Wait.  That $2,000,000,000,000 went to banks that made bad business decisions, corporations that made bad business decisions and some individuals that made bad mortgage decisions.  And of course the 3 "shovel ready" infrastructure jobs in the country.  Do you remember what they spent your children's money on? big_smile


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)