The National Debt Is Ours For Keeps
What Is The National Debt?
If more Americans would understand the U.S national debt maybe there would be more of an outrage over it. The problem is that most Americans cannot grasp a debt of $17 trillion so they dismiss its magnitude. The debt clock tell us that America’s national debt at the moment (it increases by the minute) is $17 trillion, divided by approximately 313 million American citizens equates to about $55,000 per American citizen. That should clear everything up about the U.S deficit, right? Probably not.
Who Owns The U.S Debt?
Especially foggy for most individuals is how the heck our political leaders racked up debt that is nearly impossible to repay. Most people zone out when the national debt, federal budget or the U.S deficit is mentioned. To most individuals it’s too complicated and obscure to comprehend. Wrong approach people. We own the debt which our wonderful politicians have piled on us. Our politicians accumulate it, and we’re responsible for paying it back, including the interest.
Why Is The Debt So High?
The national debt accumulates the same way your credit card debt does – overspending! Mr. Obama and the Democrat controlled Congress created the messy debt problem we are in by over spending. The more these politicians spend, the more they have to borrow. All those government entitlements they have created cost money.
How Does It Directly Effect You?
Our political leaders have spent our country into a dangerous situation. With a national debt of $17 trillion the U.S government is a risky investment. The only way to attract investors is to increase how much we will pay to borrow. This then reduces the amount of money the government has available for federal programs because the government will be paying more in debt service, which is interest payments. (The audacity of Obama and the Democrat members of Congress to saddle on more debt with Obamacare is beyond common sense).
The trickle down effect of too much national debt impacts our economy, jobs, taxes, mortgage rates and student loans. The cost of food and housing also becomes inflated when we are lopsided with too much debt. Amazing isn’t it how you are personally impacted by the national debt, federal budget and U.S deficits. Now you can stop wondering why the cost of everything is on the rise.
Americans Can Help The National Debt Clock
Mr. Obama and the Democrats in Congress have a spending problem and they need our help. We need to put a stop to their wild spending habits. The way we do it is by firing those in Congress who find a $17 trillion debt acceptable. We need to elect leaders who understand how their spending habits impact the American people. Putting a halt to their out of control spending will not erase the current national debt but it will stop them from adding to it. The mid-term elections this November is our chance to do our part to stop the government’s out of control spending. Just do it America, just do it, fire Congress.