Source? Wikipedia claims US public debt has increased by 7 trillion in the past 8 years, of which 1.3 trillion of that increase has happenned over the past year and a half. And its source is the White House budget. And interest applies to all debt and is dependent upon how long the debt exists for, so "with interest: 20 trillion" looks pretty meaningless to me.Mimsofthedawg said:I'm sorry, I don't like any president, democrat or republican, who increases the deficit by 7 trillion dollars (with interest: 20 trillion) in a year and a half. just... no. You can't justify that, ever.
And it seems to me that the president does not have as much control over the deficit as you seem to think he does.
Also, can someone explain what is the problem with debt, anyway? I mean, I know what my problem with it is: the same as my problem with the money system as a whole, the same system we've had for hundreds of years: it's unfair and we don't need it. But for someone who thinks the money system is basically okay, what is the problem with debt? Debt fuels the economy, it creates more money in the system, and it is mainly owed to US government accounts and American corporations and citizens anyway.