Posts Tagged ‘trillion’
$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?
How in the world are we going to pay off all of this debt? Raising taxes to do it will burden our economy, and then the situation would only get worse. To me the solution is obvious, cut spending. For too long in this country we’ve had the give me stuff people standing there with their hand out, and the government putting something in it. Does the idea of small government ring a bell? It is what our founding Fathers had in mind when they gave us our constitution. That is why there is a list …
Notebook: Debt Dilemma
As the Obama administration tries to figure out how to pay off the nation’s .3 trillion debt, Katie Couric compares this budget crisis to post-Christmas credit card bills.