Posted on Dec 7, 2016
Government Debt in the United States - Debt Clock
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Posted in these groups: 
United States
Office of the President (POTUS)
George W. Bush
Barack Obama
Donald Trump
United States Office of the President (POTUS) George W. Bush Barack Obama Donald Trump
Posted 8 y ago
Responses: 7
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SGT (Join to see) The total deficit and the annual deficits must be addressed, neither party seems to be focused on the issue and both are happy to discuss the spending they disagree with and point to the other as the problem.
I am concerned for the future of all programs, we need an effective functional government of limited powers or we will find ourselves tapped out, huge taxes to just pay the bills and no help to anyone.
Bottom line is both parties have caused this, we keep adding programs and no way to pay for the programs, not sure how to solve other than focus on balancing the budget one year at a time.
I am concerned for the future of all programs, we need an effective functional government of limited powers or we will find ourselves tapped out, huge taxes to just pay the bills and no help to anyone.
Bottom line is both parties have caused this, we keep adding programs and no way to pay for the programs, not sure how to solve other than focus on balancing the budget one year at a time.
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MCPO Roger Collins
Deficit comes about each year, National Debt is the totality of our deficits. One requires about 6% of our tax revenues to service, somewhere between $250-300B per year. no sweat though, we will pass it on to our grandkids. The idea of a balanced budget is good, but will never happen. Much of our budget is mandated and does not change, discretionary spending is too small to have any effect with reduction. Bottom line is spending can be limited, but without serious consequences, each dollar means someone in government or receiving a check from government loses cash or jobs.
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Congress is the controller of the purse. They complain that each party is responsible versus taking responsibility that they, Congress, are responsible. Maybe, someday, we will have a "Working Congress" versus a "Sitting Congress". One can only hope.
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PO1 Richard Cormier
PO1 John Crafton - They passed MANY "Balanced Budget" items. They always found a loophole to get out from under it. They exempt themselves from their own laws when it suits them.
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Two ideas I'd suggest to get this under control. 1. Pass a law that changes the USG baseline budget growth. Currently, it is "future budgets will equal the current budget times the inflation rate times the population growth rate." It needs to have population growth rate removed. Current baseline multiplies two positives, ensuring our government grows FASTER than our population. This drives long-term deficits and adds to the debt 2. Link GDP growth rates to government budgets, just like a company's stock value and dividends are linked to it's profitability and growth. Include in the law, the mandate that government growth can never exceed GDP growth rate of the previous year MINUS 1%. This rule would reward government policy that drives higher GDP growth rates, and punish policy that lowers GDP growth.
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Maj Marty Hogan
Col Joseph Lenertz You are so never going to get elected on common sense like that. Well stated and wish we would do our military budgets in the same fashion. Reward those that save instead of spending all and coming back to the till for more.
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Col Joseph Lenertz
Maj Marty Hogan - Yes, exactly. I salute the USMC as the most frugal of the services.
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