9 Thoughts on If not now, when will we start reducing the national debt? When we can’t even pay the interest on it?
  1. Reply
    zhoukies
    July 8, 2011 at 12:04 am

    Actually, we can afford the interest. Where did you get the idea that we defaulted on the interest payments

  2. Reply
    Self Defense Is a Natural Right
    July 8, 2011 at 12:54 am

    They never will pay it back. One wants to give handouts. One wants to spend every dollar they can on the military.

    And the interest on that debt is because of the Federal Reserve Bank.

    I think it’s beyond repair.

  3. Reply
    Dave87gn
    July 8, 2011 at 1:12 am

    the tea party voted out the big spenders no one is listening…congress and Obamaa went for another trillion on the debt with tax cuts

  4. Reply
    killjoy0o7
    July 8, 2011 at 2:05 am

    All loans that the US government gets from China are really low interest

  5. Reply
    Lordpercy Wooster
    July 8, 2011 at 2:52 am

    national debt is different form government debt and is not caused ny them

    in ww2v we had a higher government debt , and the economy boomed

  6. Reply
    JW
    July 8, 2011 at 2:52 am

    Here, Here… Not only do we need to vote the next crop of elected officials who don’t seem to understand that concept out in 2012, we need to keep reminding the new ones who will be seated in January 2011 of the promises they made and let them know we will hold them accountable.

    @ Lordpercy -> The reason our economy boomed after WW2 was because all the other industrialized nations had their means of production reduced to rubble during the war. We were the only country capable of supplying the world.

  7. Reply
    tribeca_belle
    July 8, 2011 at 3:06 am

    The CBO estimated, in 2001, that the national debt could be paid off by 2011, based on the Clinton budget surpluses.

    We know what to do because we have done it before. Clinton raised taxes and cut spending to achieve those surpluses.

    Alan Greenspan said however that paying off the national debt might be a bad thing. He supported the Bush tax cuts that contributed to the record-setting deficits. Subsequently, the economy crashed.

    Now we are trying to get the economy into a sustained recovery. That may be at odds with strict cuts in spending and debt reduction. Priorities have to be set in relation to the current economic situation.

  8. Reply
    wild-man of Borneo
    July 8, 2011 at 3:42 am

    Sure?
    Is that so?
    Look in the real world.
    Decode this lyrics “You’ll see ”
    “Wonderful wonderful”
    “Wonderful life”
    “Time after time”
    “Don’t know much”
    “Wonderful world”
    “Just another day”
    “What a wonderful world”
    “Mama Mia”
    “Nobody told me”
    “The Great Commandments”
    “I can see clearly now”
    “Magic moments”
    “The Hustle”
    “This magic moments”
    “San Francisco hustle”
    “Three coins in the fountain”
    May be they should set up a road side booth ?
    In juggling the three glasses with the gold coins?
    Luke 21.30-36
    Luke 9.25,55-56,60
    Luke 8.5-8,10-17
    Luke 24.44-45,47-48
    Genesis 11.1,3-9
    What do you think?

  9. Reply
    james p
    July 8, 2011 at 4:32 am

    so the congressmen who vote for the military budget should be voted out
    the ones who vote for cancer HIV and Heart disease research too
    how about those pesky public schools.
    public transportation
    road work
    libraries
    Police and Fire Dept
    do you see where Im getting at?

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