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Every citizen of the United States bears responsibility for the national debt. We have reached a point in time when enough never will be enough. Should the government be any different? We as citizens continue to demand that our government pay for anything and everything we as citizens think necessary. Maybe we should get jobs instead of using the welfare system. How about doing with less or without if need be. Most of us weren't born with silver spoons in our mouths. We should stop acting like we deserve one. What about helping family members and neighbors when they are struggling? We need to look beyond ourselves and realize the government doesn't owe us anything. We are responsible for ourselves. It is time to quit complaining and do something about it. We have the government we deserve. It makes no difference if it's republican or democrat. Stopping the bickering and infighting and working toward a common goal is what is called for. Bringing back morality, ethics and a sense of pride in working together as one country would be a good place to start.
The national debt is in crisis because nobody seems to get the simple fact that we can't spend more than we earn forever without it catching up with us. We've been borrowing from the next generation for about 3 decades now. We are no longer on the dollar standard. The oil standard is king and has been for a while. Oil prices change and the world feels it. We are almost into double digit unemployment. I remember freezes on government spending at one point in life. The government needs to do that again sometime soon. My family has done that-all debts free and clear in a year has become my mantra. Hub doesn't agree, but neither one of us will be up to hourly jobs in 10 years just to buy the necessities. Just wish the darn government could do the same.My only real fear in this whole deal is that countries of dubious character own so much of our debt.
The National Debt is an American Crisis thanks to the Reagan spending spree.
The deficit may be 1.85 trillion, but the debt will rise by about 2.7 trillion. The stimulus package spending is not included in the deficit because it is "off budget."
In addition because the economy is not improving and may in fact be getting worse, revenues will be much lower so the defcit projections are growing.
And guess what? They are considering another stimulus package !