So, what's USA plan to deal with their massive debt?

So, what's USA plan to deal with their massive debt?

thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

Almost every USA president have been raising it, regardless if Dem or Rep. The fact of the matter is that someone needs to make massive cuts in military and welfare, otherwise things will only keep getting worse.

Other urls found in this thread:

thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
twitter.com/AnonBabble

it's pretty comparable to other countries when you factor in GDP of the US

Deficits don't matter under Republican governments you dumb libtard.

just throw it under the rug. doesnt even matter

US GDP is being propped up by so much bullshit

>use people's trust in the dollar to borrow trillions
>use trillions to build infrastructure
>also build worlds largest armed forces
>one day tell world the dollar is worthless and we are now using bitcoin
>fed was secretly accumulating with super computer mining and buying dips
>debts are wiped clean
>anybody mad (china) can either try to fight the most powerful armed forces in the world or accept it and continue

Clinton had a sick economy and wanted to eliminate the debt. GWB gave us two crashes and his tax cuts, entitlements and wars gave us $20T in debt.

But clinton got his dick sucked so he is the fucking devil. GWB was just a rich kid who did heroine and drive while high as fuck.

only suburban retards voted for trump. Intelligent city folk voted for hillary.

literally WHO do we owe this debt to? lmao. like have fun collecting from us. we do what we want. if we feel like paying it, we will, if not, the world will deal with it.

Defense spending and entitlements account for over 85%. Coca-Cola refuses to cut defense, Pepsi refuses to cut entitlements, so a standoff occurs. Both sides just agree to pass the bill down the line and keep the music playing while the ship sinks. There will be no solution, only an inevitable collapse.

thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
You really cannot say that's healthy.

It's Deebo's bike, bitch!

Did you pay attention to the infographs?

Obama was the goverment that most increased debt. ($7.917 trillion) Bush was the second. ($5.849 trillion)

It's not a matter of dem or rep, it's a matter that you guys need a politician who has the courage to cut down the bloat.

A default would be disastrous for the USA.

That's really sad. You guys need to relay economic knowledge to the average american, they need to understand that the current system you have today is not sustainable.

Lmao you think debt just instantly appears in aggregate for every decision a president makes? Bush tax cuts lasted well into Obama years, and his entitlement handouts to his constituents are still in effect. His unending wars are still being fought. You can contribute most of the debt took during Obama for Bush, same with Trump. Trump's decisions have had very little impact yet so far, but the GOP tax plan will be adding many trillions of debt for the next decade well into the next presidency.

That link doesn't show GDP too. As debts have increased, so has the size of the US economy. Yes, debt is both too high and outstripping GDP growth. People vote for this when they elect representatives that increase spending. That doesn't even take into account SS, Medicare. Populations aren't growing fast enough to pay for SS, and the government already miss allocates funds for other programs in any case.

So guy saying "who do we owe the money to", have fun taking care of your parents once SS is defunct and you also need to save more to prosper in your opalescence.

I think you should study a bit more before posting.

First off, you know that Obama's did tax cuts too right? Second Obama extended defense expending. Third Obama extended welfare. Put all three together and...

Due to stimulus in response to GOP's second economic crash in one decade. Obama actually increases spending less than any president in modern history. Remove the stimulus and Obama is the most fiscally conservative president in modern history.

>That link doesn't show GDP too.
USA gdp was 18,57 trillion in 2016. Debt was aprox 19,42 trillion.

Comparable to GDP it's lower than countries like UK or France. If you make a lot of money every year, the debt isn't that bad. Not to mention, the dollar is still the world's reserve currency... The US could charge off a few trillion USD and the world would have to deal with it.

Third worlders are the ones most booty-blasted by the fact that the US basically does what it wants, China is still a diiiiiiistant second to the US in soft and hard power.

oh and compare the trump policies

>debt is good
>a weak dollar is good
>cutting taxes and increasing spending is ok because GDP will grow >5%/year

>literally defending a nigger
How's your wife's son?

HODL all the debt and pump it harder.

Why are you lying through your teeth user?

Even if we removed the aprox. total costs of that package ($2.8 trillion), that would still leave $5.1 trillions in debt. It would be behind Bush, but still the opposite of fiscally conservative.

Yes the GOP crash, not the crash initiated by subprime lending thanks to Clinton era regulation forcing banks to loan to puke tier applicants

Uk had 88,3% debt in 2016. France 96,5% in 2016. USA already had 106.1% in 2016. So it's nowhere lower.

Yes, the debt left from bush. Can you even name one Obama policy besides the stimulus that increased spending? (hint: Obamacare was 100% funded)

Sure. Massive increases in welfare, such as $8.7 billion increase to the food stamp program.

>$8 billion

lamo. Ok, you've explained

I really don't want to spend my night posting facts, but another thing to point out is that Obama requested $851 billion after the USA had already pulled out of Iraq. In fact, in 2011 he asked for $895 billion which was higher than Bush requests during the start of the war on terror.

>everyone has debt so it doesn't matter that we have debt

>Everyone has a shattered pelvis so it doesn't matter that I have a shattered pelvis

Go back to /pol/ leaf