Quote:
Originally Posted by PHX NATIVE 929
Incredibly, $2 billion is merely a drop in the bucket compared to the nearly $12 TRILLION deficit we're approaching as a country. But hey, we're winning Nobel Peace prizes....
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Check your reading/listening comprehension, that's a $12 trillion dollar debt, not deficit. The national deficit (how much we're short this year) is certainly too high, but the national debt has been accumulating since Andrew Jackson was president (really since the revolutionary war, but Jackson managed to briefly eliminate it).
While it is a cause for concern at certain levels for macroeconomic reasons, it does not affect the country like your personal debt affects you. People who scream about "common sense" politics and try to equate government budgets with personal budgets simply do not understand how economics and national monetary policy work. Here's common sense for you: this country has had a large national debt through all political parties, recessions, depressions, economic booms, war, and peace. There have even been economists that have argued that some level of national debt is good for the economy.
Long story short, while there are reasons to be concerned about the national debt, it is simply incorrect to equate a large national debt with the country being broke. And it's completely inane to blame the national debt on any political party: they've all had a hand in creating it. Contrary to popular logic about democrats and budgets, since 1980 the Clinton years actually saw by far the lowest growth of the national debt.