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I like to believe that will help. Which party is proposing actions that will lower the debt?
None of them. You may only chose which slogan gonna be painted on the bombs to drop around the world.
US Debt Clock Live
11–20 of 27 posts
Re: US Debt Clock Live
#12Does anyone look at this debt and believe it will ever get paid off? It seems more realistic that everyone's waiting for some doomsday WW3 scenario where we just say ehh let's reset everyone back to zero.
I don't think people in Washington are waiting. They're pushing for WW3 full steam ahead.
Re: US Debt Clock Live
#13I used to deeply care about this, but I find that generally the party not in power always complains about this and then immediately stops complaining once they are in power, so I have trouble taking it seriously.
For Example: Republicans when Obama was in Office, Democrats when Trump is in Office, Republicans when Biden is in Office
It’s been like 2 decades of both parties complaining and then doing nothing about it once they gained power.
Re: US Debt Clock Live
#14We have a debt-base currency. Borrowing creates money but the opposite is also true: when someone repays a loan, money is actually destroyed. So it's not surprising that over 80% of total government debt is privately owned, mostly by the super rich. The top 1% benefit enormously from government debt. (but also pensions and insurance companies)
Re: US Debt Clock Live
#15I feel like the well has been poisoned regarding national debt talk. There is simply no point in having a conversation about the debt without discussing how revenue should be raised and/or expenses lowered. That means someone focusing purely on the debt being bad is likely doing it because they know their specific proposals for addressing it won't be popular.
yes, and we can't tax our way out of this situation.
Re: US Debt Clock Live
#16I used to deeply care about this, but I find that generally the party not in power always complains about this and then immediately stops complaining once they are in power, so I have trouble taking it seriously. For Example: Republicans when Obama was in Office, Democrats when Trump is in Office, Republicans when Biden is in Office It’s been like 2 decades of both parties complaining and then doing nothing about it…
Scroll down to the Debt By President section and switch over from chronological list to By % Increase. Of the last 11 completed presidential terms, 6 of the 7 biggest increases have been Republican and the 4 smallest increases have all been Democrats. "Both sides are the same" claims simply have no basis in reality when it comes to the national debt.
Re: US Debt Clock Live
#17I feel like the well has been poisoned regarding national debt talk. There is simply no point in having a conversation about the debt without discussing how revenue should be raised and/or expenses lowered. That means someone focusing purely on the debt being bad is likely doing it because they know their specific proposals for addressing it won't be popular.
"popular" is why this mess has happened.
Should we just do away with democracy?
Re: US Debt Clock Live
#18I feel like the well has been poisoned regarding national debt talk. There is simply no point in having a conversation about the debt without discussing how revenue should be raised and/or expenses lowered. That means someone focusing purely on the debt being bad is likely doing it because they know their specific proposals for addressing it won't be popular.
Raising taxes is really not part of the solution because increasing tax rate rates will likely not yield more tax collection.
The real problem is immense spending on seniors to live a free life
Re: US Debt Clock Live
#19I feel like the well has been poisoned regarding national debt talk. There is simply no point in having a conversation about the debt without discussing how revenue should be raised and/or expenses lowered. That means someone focusing purely on the debt being bad is likely doing it because they know their specific proposals for addressing it won't be popular.
Raising taxes is really not part of the solution because increasing tax rate rates will likely not yield more tax collection. The real problem is immense spending on seniors to live a free life
>increasing tax rate rates will likely not yield more tax collection
What's so special about our current tax rates that you're making this claim? Because if you believe that higher tax rates don't yield more tax collected, why not argue for tax rates to approach 0%? So either you're couching your real and unpopular opinion like I described in my first comment or you're claiming that our tax rates are optimized for tax collected.
Re: US Debt Clock Live
#20very cool website, i love it
reminds me of world monitor