Did you realize we had passed 18T?

The only candidate I hear even discussing this most important issue is Chris Christie. This will be the determining factor for who I will vote for in the primary.
 
At the national level, this should be the issue of our time. I care about the other issues such as gay marriage, international relations, etc. But this is one that literally hurts all of us and future generations so of course very few candidates are actually talking about it.
 
Larry T Spider said:
At the national level, this should be the issue of our time. I care about the other issues such as gay marriage, international relations, etc. But this is one that literally hurts all of us and future generations so of course very few candidates are actually talking about it.
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That's because it's difficult to talk about it. Dealing with the problem means saying No to somebody. Some government agencies' finding must be cut, and/or someone's taxes must be raised. Nobody likes taking about either of those options.
 
Again visiting in Va and speaking with my brother, a govt employee, I remain convinced this cannot be resolved by any means but revolt. The entire system in inherently corrupted and self feeding. No one inside the system will fix it because it self-feeds at EVERY level, in every organization. To hear an insider describe the deapth of the lunacy is scary and disheartening (if you love this country).
 
Now we are approaching the 19T as we are currently above 18.638 Trillion on the national debt counter. One minor hiccup in terms of Obama spending and we will easily reach 20 trillion by the time he leaves office. Sure maybe it will only be 19.4 trillion on the rounded current trajectory.

I think it is safe to say the next President will feel like he or she has a 20 Trillion dollar debt handed to them as they start to make their spending increases for their pet projects in addition to the huge nut of nearly fixed costs.

This doesn't even mention the grossly under-inflated percentage rates of interest we are paying on those 19 trillion dollars. What are we going to do?
 
Mr. Deez said:
That's because it's difficult to talk about it. Dealing with the problem means saying No to somebody. Some government agencies' finding must be cut, and/or someone's taxes must be raised. Nobody likes taking about either of those options.
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true enough, Deez.

I could be persuaded to sustain a sunsetting tax increase (pick a period of no more than 10 years) if the government's spending was permanently reduced 3x the rate of the increase.

IOW .. .10% increase in the tax rate ... 30% decrease in total Federal government spending. That doesn't mean, like sequester ... 30% for every department chief.

This would be a great opportunity to focus on the function of the Fed ... and supplying welfare, art, land management, et al ... is not it. Border security and National Defense ARE part of the charge.

Federal support of city sidewalks ... NO
 
zork said:
This doesn't even mention the grossly under-inflated percentage rates of interest we are paying on those 19 trillion dollars. What are we going to do?
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This is the only thing keeping the debt from being completely unmanageable. To put it into perspective, in 2015, we paid about the same in interest as we did in 1995, when the debt was about $4.9T.
 
Truest words spoken at last GOP debate were Ron Pauls closing remarks, when he said Number one issue facing America is our debt. Completely fell on deaf ears as does any attempt at serious deficit discussion. Well that's not totally true, everyone wants to talk about it when it is someone else's cuts.
 
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