Article Score0

Please raise your hand if you understand the magnitude of the 15 trillion dollar debt:

Past 20 years, (actually during the mid 90’s) We were barely able to achieve budget surplus of merely $ 200 billion dollars and several years in which budget surplus reached $ 100 billion.

Assuming we are able to achieve $ 200 billion budget surplus for next 20 years, we would only be able to reduce the debt by 4 trillion dollars. Think about that… Each trillion we add to the debt will take 5 years of $ 200 billion surplus to erase.

1.5 trillion dollars in debt reduction over next 10 years politicians are talking about? They don’t mean reducing the deficit from 15 trillion to 13.5 trillion, they MEAN REDUCING THE RATE AT WHICH DEFICIT IS PROJECTED TO GROW BY 1.5 TRILLION DOLLARS!! i.e from $ 15 trillion to 18 trillion instead of to 19.5 trillion.

Please respond if you agree that we need to cut spending drastically and raise the tax—> Not just on rich, but on EVERYONE!!! We have to be on this together.

9 Thoughts on Are people aware of how terrible 15 trillion dollar debt is?
  1. Reply
    Philip
    November 29, 2011 at 1:37 pm

    america sucks.

  2. Reply
    NathanSensation
    November 29, 2011 at 2:08 pm

    we dont have to be in on this together. I didnt spend the money. let the system crumble we need to restart from scratch.

  3. Reply
    hardheadtaurust
    November 29, 2011 at 2:26 pm

    Some are most of the rest are democrats.

  4. Reply
    Hugh Jorgan
    November 29, 2011 at 2:43 pm

    Agreed.

  5. Reply
    Mr. Smartypants
    November 29, 2011 at 3:37 pm

    Republicans only care about the national debt when they’re out of office. Reagan, Bush and Bush all ran as strict budget hawks but once in office they behaved as if debt simply didn’t matter. The president who shrank government, reduced deficits and got us on track towards a balanced budget was Clinton. His plan was to pay off the entire national debt by 2009. (AND he gave the middle class a tax cut). If Clinton had been president one more year we would have had the first balanced budget in decades. But as soon as Bush came to office he couldn’t wait to undo all the good work Clinton had done.

    The way we will ‘pay off’ the debt will be through (1) expanding the economy so the debt is smaller as a percentage of GDP and (2) a huge wave of inflation so the debt is in smaller dollars. Neither party really wants to fix the problem so much as they want to blame it on each other. But in the last 30 years the GOP has clearly abdicated its position as The Party of Fiscal Responsibility.

  6. Reply
    youngandfly
    November 29, 2011 at 3:46 pm

    Lets be real for a minute the debt could be an Octillion dollars, we aint gonna pay it back.

    The day Japan, China or any other country ask for the money back they will get a flat out hell no and would likely cause nothing to happen.

    If Japan, China or any other country went to war with us the value of the 15 trillion would drop to a point where it is worth nothing. Since a majority of China products are sold here it would be a lose lose situation for them.

  7. Reply
    Alesha
    November 29, 2011 at 4:25 pm

    You may be right but in order to reduce the deficit to zero we would have to gut Medicare, reduce Social Security payments by 40%, close every military base in the country, discharge at least half the Army, furlough the entire Civil Service for at least six months, ground every aircraft in the Air Force for 6 months etc. That’s how much of the government budget is taken up by deficit.

  8. Reply
    Evan G
    November 29, 2011 at 4:52 pm

    I know it’s terrible.

    But if we didn’t waste so much tax money enforcing stupid laws, putting people in prison that dont deserve to be there, & keeping death deserving inmates alive we would have more money to pay off our debt.

    Also if architects would start putting white roofs on their buildings instead of dark roofs that would save on electricity.

  9. Reply
    sal
    November 29, 2011 at 5:46 pm

    Bush ran up the debt and then we went into a severe recession from which we are slowly emerging.
    This is not the time to worry about paying down the national debt. We can start doing that when the economy is better and more tax revenues are coming in. The debt is of course a problem and we should be making plans to deal with it, but the immediate need is for more stimulus.

    Leave a reply

    Register New Account
    Reset Password