Thank you, Maam.
I just calls 'em like I sees 'em.
Best of luck with your new found.

The national debt has little to do with spending and more to do with borrowing.

Every single Federal Reserve Note represents debt. It is borrowed into circulation. Until we go back to the gold standard and switch to real money backed by gold we will always be in debt.

Federal Reserve Notes are not real money. They are debt. They are notes. We are paying interest on every single one of them. That interest is part of our national debt.

Lettuce. Put it into perspective.

from the U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 14 Mar 2009 at 10:57:13 AM GMT was:

$10,989,279,410,284

or ONLY about $11 trillion dollars....

The estimated population of the United States is 305,812,783
so each citizen's share of this debt is $35,934.66.

The National Debt has continued to increase an average of
$3.72 billion per day since September 28, 2007!

Sounds like a lot, Eh? But the US GDP is about $14 trillion/year.
So, roughly speaking, it is like owing 0.8 of a years salary.
In other words, if the US were an individual with a gross income
of $50,000 per year it would be like a #40,000 mortgage. What is your income? What is your mortgage?

It is a big number but certainly not crazy.
But zero debt would be a LOT better.

gao report says we owe more than 54 trillion dollars. compare that with our gdp and see what you come up with.

just about 5 times as much!

now, what are they counting that the national debt clock has
overlooked? or did you just make it up? give us a link to the
report and explain your figure.

Thanks Bush!

No. Thanks Federal Reserve Act in 1913!

Let's imagine your wife comes to pick up your check every week.

Three months later all your creditors are sending you notices that your accounts are all delinguent.
Not only that but your credit card is maxed out, your checking account is overdrawn, and your savings is closed.

Is it your creditors fault? The banks fault? Your wife's fault?
Or yours, for not minding your own bills in the first place?

There's an old saying.
"The Buck stops here."

When you talk about the United States of America, the Buck stops at the Presidents desk.

Bush spent this country broke!

wow....graphs and all in here

For 6 of the 8 years Bush was President the Republicans had an overwhelming majority in Congress. 6 years!
In that 6 years he never once used a Presidential veto.
The final 2 years he used it more than 2 doz. times.
Maybe more, Im not exactly sure on the number.

The Republicans need to go. They have tried to destroy this country.

I say give your votes to a new "other" 2nd Party.

Bush did spent this country broke.

Obama is spending this country broke now, at even faster rate than Bush.

The point about FED, was not to say that Bush didn't do the crime, but only to show that any president would keep doing the same old thing, spending us broke, for as long as we have a Central Bank.

from reading the wiki you may be referring to the additional $40 trillion or so projected if the annual deficits are not addressed over the next 75 years cumulative!

http://en.wikipedia.org/wiki/United_States_public_debt