Always blame republicans. You really have to thank Obama and Reagan for adding to the debt! At least Reagan spent his way out of the cold war. Reagan faced higher unemployment than Obama (79 energy crisis, Iran-Iraq war) You realize you guys were attacked under both W and Trump, one by terrorists the other by a virus. Spending does go up when you're battling an adversary, which is why Roosevelt and Wilson added the most ever to the debt.
Trump didn't address the debt, maybe the only promise he didn't keep. Then again, he doesn't write spending bills, and he can't pass a budget using executive orders. The last budget that wasn't a deficit was authored by Newt Gingrich, opposed by the democrats who actually shut the government down during negotiations, but eventually signed by Bill Clinton.
I saw a statement that Trump inherited a strong economy, that's laughable. Eight years of suck presided over the longest extended period of economic malaise since the great depression. Not so much as one good year out of eight. Trump turned the economy around by simply undoing Obama. Leading to an increase in jobs, an increase in manufacturing jobs Obama / Biden told us ARE NOT COMING BACK. Maybe most importantly, an increase in real wages, something we haven't seen in decades.
If people thought Obama / Biden did such a great job, democrats don't lose > 1,000 seats at the federal and state legislatures. They lost the Senate (started with a super majority), they lost the House, they lost the White House and they lost control of the States as a whole. Those are epic losses.
If it wasn't for the pandemic, we're looking at something that may have rivaled 84 or 88, but now we're looking at a year 2000
Only one thing can reduce our deficit, spending cuts. Let me know when a career politician campaigns on this that's not named Paul
As for the party most responsible? That's really easy, just look at the state deficits / debt. The worst debt in the country is dominated by blue states, it's not even competitive. And the most telling part of those blue states deficits? they're all high tax states, go figure.
I saw a statement that Trump inherited a strong economy, that's laughable. Eight years of suck presided over the longest extended period of economic malaise since the great depression. Not so much as one good year out of eight. Trump turned the economy around by simply undoing Obama. Leading to an increase in jobs, an increase in manufacturing jobs Obama / Biden told us ARE NOT COMING BACK. Maybe most importantly, an increase in real wages, something we haven't seen in decades.
If people thought Obama / Biden did such a great job, democrats don't lose > 1,000 seats at the federal and state legislatures. They lost the Senate (started with a super majority), they lost the House, they lost the White House and they lost control of the States as a whole. Those are epic losses.
If it wasn't for the pandemic, we're looking at something that may have rivaled 84 or 88, but now we're looking at a year 2000
Only one thing can reduce our deficit, spending cuts. Let me know when a career politician campaigns on this that's not named Paul
As for the party most responsible? That's really easy, just look at the state deficits / debt. The worst debt in the country is dominated by blue states, it's not even competitive. And the most telling part of those blue states deficits? they're all high tax states, go figure.
PS: Over the years, people responsible for economic policy during eight years of suck have mostly acknowledged that none of their programs worked as expected. Of course, the proof is in the numbers so it's hard to deny, but there are still democrats and liberals doing their thing and trying to rewrite history.
The stimulus plan didn't stimulate anything except the deficit which they now blame on Bush. Obama's 800 billion dollar plan passed in the winter of 2019, the fiscal year started October 2018, so democrats add that deficit to Bush's last budget and then use that inflated number as a yardstick to show us how Obama reduced the deficit.
They have acknowledged the stimulus failed, QE 1 failed, QE 2 failed, QE 3 failed.... but they tell us it was all the republican's fault
Economic grow is not rocket science, it's created by the private sector, NOT Pelosi or Schumer. The best thing government can do is STAY OUT OF THE WAY.
The stimulus plan didn't stimulate anything except the deficit which they now blame on Bush. Obama's 800 billion dollar plan passed in the winter of 2019, the fiscal year started October 2018, so democrats add that deficit to Bush's last budget and then use that inflated number as a yardstick to show us how Obama reduced the deficit.
They have acknowledged the stimulus failed, QE 1 failed, QE 2 failed, QE 3 failed.... but they tell us it was all the republican's fault
Economic grow is not rocket science, it's created by the private sector, NOT Pelosi or Schumer. The best thing government can do is STAY OUT OF THE WAY.
I'm going to be fine, I worry about boats like yours, the first ones grounded when the tides go out
I'm recession proof, I'm libtard proof, and I love laughing at you
[h=1]US National Debt Passes $28 Trillion, +$4.7 Trillion in 13 Months.[/h]
https://wolfstreet.com/2021/04/04/u...by-480-billion-in-2-months-620-billion-to-go/
https://wolfstreet.com/2021/04/04/u...by-480-billion-in-2-months-620-billion-to-go/
To answer your question, NOW is the time to worry about the national debt, now >$28 trillion, soon to be $32 trillion, then probably more... paid for by prinitin money so inflation is happening and may zoom.
The questions are, "how much" inflation will there be, what will happen to your costs compared to your income, what will happen to the prices of your assets (home, etc), and what will you do to protect yourself from financial harm?
The questions are, "how much" inflation will there be, what will happen to your costs compared to your income, what will happen to the prices of your assets (home, etc), and what will you do to protect yourself from financial harm?
Disclaimer: I've never understood economics well.
Answer to the original questions: Don't worry at all. Worrying about that is gonna drive you crazy. Unless you are retired and watch the news all the time, pay zero attention to it, you have more important things to worry about. People have been fretting about it for 30 years now. Oh my god it's 5 trillion, two years later, it's 8 trillion, etc etc. It was supposed to ruin us each step of the way, economy churns along regardless. All the experts used to say the ultimate disaster would be if it went up faster then the GDP . Then it happened in the last decade with no consequence. When the same top economists where asked how can that be after the fact. The flat out admitted they have no idea.
Another thing people don't realize is China owns a small percentage of the national debt. Most of the debt is domestic. China might be the single largest foreign debt holder, but it is small % of the overall number.
Answer to the original questions: Don't worry at all. Worrying about that is gonna drive you crazy. Unless you are retired and watch the news all the time, pay zero attention to it, you have more important things to worry about. People have been fretting about it for 30 years now. Oh my god it's 5 trillion, two years later, it's 8 trillion, etc etc. It was supposed to ruin us each step of the way, economy churns along regardless. All the experts used to say the ultimate disaster would be if it went up faster then the GDP . Then it happened in the last decade with no consequence. When the same top economists where asked how can that be after the fact. The flat out admitted they have no idea.
Another thing people don't realize is China owns a small percentage of the national debt. Most of the debt is domestic. China might be the single largest foreign debt holder, but it is small % of the overall number.
