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In March 2017 the national debt of the USA will become $20 Trillion.
Someone had a party, but who?
From $10 Trillion in 2008 to $20 Trillion in the first quarter of 2017, America's government spent wildly beyond its means. It's average citizen was left behind and deeper in debt than ever before. Deeper in debt than anyone knows how to get out of.
Some segments of society benefited from this gigantic orgy, but now is left with the trash and the realization that, short of an unlikely miracle, the view from the peak is downhill no matter where we look.
Worse still people are blaming each other instead of working their butts off together, making matters even worse. What's next? Default?
I have an idea -- let's cut the tax income we get from the top 1%, and cut the money we get from taxes on corporations, and cut the money we get from inheritance taxes. That should help.
Our fiscal problems are not caused by our taxes being too low. Our national debt is out of control because our spending is out of control. Our politicians have already spent the future wealth of our grandchildren's grandchildren!
In fairness to our politicians we cannot place all the blame on them, after all, they had accomplices. Our leaders were beholden to a very powerful lobby group. This group made constant, and often times unreasonable, demands of our leaders and it is this particular group who deserves to shoulder most of the blame for this crisis. Who are those powerful lobbyists who, in truth,caused most of this mess.....you know them as "We The People"!
You see for decades "We The People" have demanded a constant stream of "free stuff" from our politicians. "We The People" demanded that our government policies reflected our "wants" and not always our needs regardless of how our nation was impacted. Of course our spineless politicians continually searched for ways to make our "wants" come true. Democrat or Republican..... it really doesn't matter in the end "We The People" will support whoever will give us the most "stuff". We have spent ourselves nearly into oblivion and now the financial monster we created is coming and it will not be ignored.
So the next time you feel like taking to the streets to protest the politicians, bankers, corporations, rich people, Fox, CNN, and we can't forget all the "phobias" take a moment and look in the mirror.....what do you see?
by Jack Lee5 months ago
Let me be consistent and bring up the topic of our debt, which was doubled under Obama’s 7 years to $20 trillion and now under the first year of the Trump administration is rising to $20.5 trillion. It is Congress’s...
by Eugene Hardy6 years ago
14 Trillion Dollars.That is a lot of debt.If we were a house hold with a $15,000.00 debt that the house must pay, or face bankruptcy, then the house and all it’s members must work to together to do it.It will take...
by SheriSapp2 years ago
Why do the liberals insist on more deficit spending when the nation is BROKE?Why do the liberals REFUSE to understand that the deficit spending MUST be stopped or the nation will become premanently bankrupt?
by American View6 years ago
OK I give up. Armageddon is coming. President makes threats, talks down to Americans, Dems plan has fake cuts and they refuse to look at Repubs offers, Repubs balking at Dems offers saying no raising the taxes. No...
by MikeNV8 years ago
"The U.S. national debt hit $13 trillion today, a stratospheric number with looming implications for every citizen.With about 309 million people living in the U.S., the average American owns a $42,000 piece of debt...
by Flightkeeper7 years ago
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history; the one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal...
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