America's national debt

[Captain Caveman]

Should America, and no doubt other countries, bring a law in that the current President/Prime Minister/party etc.. must leave office with balanced books, meaning, they can't add to the current debt level. But from the start due to the level of national debt, the debt must decrease X amount each year till eventually all debt is wiped.

So in America's case, the debt has to fall $1tr a year, so that's 4 trillion per president term.

The only exception is the cost of a war can be added.

 

[Harpy Eagle]

Should America, and no doubt other countries, bring a law in that the current President/Prime Minister/party etc.. must leave office with balanced books, meaning, they can't add to the current debt level. But from the start due to the level of national debt, the debt must decrease X amount each year till eventually all debt is wiped.

So in America's case, the debt has to fall $1tr a year, so that's 4 trillion per president term.

The only exception is the cost of a war can be added.

Yes they should.

But they won't because the people will not vote in to office those that might do such a thing.

 

[deannalw]

It's ok we have no money- we got checks.

 

[Captain Caveman]

National Debt by Country / Countries with the Highest National Debt 2024

worldpopulationreview.com

 

[shockedcanadian]

It is a National Security threat IMO, which means it is a threat to all of the West. If only Trump would have held the line his first year, he shut down the govt but couldn't take the heat even though the Dem supporters were hurt far more.

 

[Harpy Eagle]

It is a National Security threat IMO, wuich means it is a threat to all of the West. If only Trump would have held the line his first year, he shut down the govt but couldn't take the heat even though the Dem supporters were hurt far more.

He shut down the Govt because the Dems would not give him even more money for his wall.

He never shut down the Govt to cut spending.

He summitted the 4 largest budget request in this history of the country at the time.

He did not run on spending less, in fact bragged about being the king of debt.

 

[Thinker101]

Should America, and no doubt other countries, bring a law in that the current President/Prime Minister/party etc.. must leave office with balanced books, meaning, they can't add to the current debt level. But from the start due to the level of national debt, the debt must decrease X amount each year till eventually all debt is wiped.

So in America's case, the debt has to fall $1tr a year, so that's 4 trillion per president term.

The only exception is the cost of a war can be added.

May be best to define war. Would that include Biden sending trillions to Ukraine? Some of these clowns would start a new war daily to increase spending.

 

[Moonglow]

Should America, and no doubt other countries, bring a law in that the current President/Prime Minister/party etc.. must leave office with balanced books, meaning, they can't add to the current debt level. But from the start due to the level of national debt, the debt must decrease X amount each year till eventually all debt is wiped.

So in America's case, the debt has to fall $1tr a year, so that's 4 trillion per president term.

The only exception is the cost of a war can be added.

The president is not in charge of the nation's purse strings...But you being a foreigner I doubt you understand how it works here.

 

[Moonglow]

May be best to define war. Would that include Biden sending trillions to Ukraine? Some of these clowns would start a new war daily to increase spending.

You must have missed Ukraine lend-lease programs passed by Congress and signed by Biden.

 

[Woodznutz]

He shut down the Govt because the Dems would not give him even more money for his wall.



.

The wall would have saved us $Billions. Trump is used to borrowing money for the purpose of making money, same as any businessperson. Almost all businesses have managed debt. What is important is who the lender is, the terms and conditions of the loan, and of course the amount.

 

[Harpy Eagle]

National Debt by Country / Countries with the Highest National Debt 2024

worldpopulationreview.com

This is the more important of the two measures.

 

[Delldude]

You must have missed Ukraine lend-lease programs passed by Congress and signed by Biden.

Isn't it a lend-skim program?

 

[Moonglow]

Isn't it a lend-skim program?

I am sure someone is stealing a poncho as we speak...

 

[Moonglow]

He shut down the Govt because the Dems would not give him even more money for his wall.

He never shut down the Govt to cut spending.

He summitted the 4 largest budget request in this history of the country at the time.

He did not run on spending less, in fact bragged about being the king of debt.

Incorrect, Congress allocated money Trump wanted more.

 

[Stryder50]

For some actual numbers to work with, U.S. Debt Clock (realtime);

https://www.usdebtclock.org/

Note the tabs at the top for other countries and also the "time machine" to see numbers going back about 40 years.

 

[Woodznutz]

The U.S. has fallen into the credit card trap of looking at monthly payments instead of the entire debt amount.

 

[Delldude]

Incorrect, Congress allocated money Trump wanted more.

They were jerking Him around.

 

[Woodznutz]

Throwing money at problems isn't all bad as long as it actually solves the problems.

Despite the hysteria and economic doomsday predictions it's relatively easy to bring down the debt. Perhaps that's why few in Washington are overly concerned about it.

 

[Moonglow]

They were jerking Him around.

Without the Vaseline, they were doing something this OP wants them to do, control spending..Yeah, Donald was not about the idea of controlling spending he always wanted more.

 

[Moonglow]

The U.S. has fallen into the credit card trap of looking at monthly payments instead of the entire debt amount.