30 trillion…40 trillion?

Bush added to it plenty and Obama will explode it beyond anything sustainable.

Medicare, Medicaid and Soc. Sec. are all bankrupt so why not have another program bigger than them all?

If you believe the "deficit neutral" garbage I have a bridge to sell you.

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what will be that critical treshold? 20 trillion? 25 trillion? 30 trillion??

What is the one step that will be taken when the country faces receivership that will be the path to financial sanity and that will cause the least pain to the great majority of americans?

Will it be cutting of expenses like education, medicare, medicaid, national defense, border security, etc..etc.. or raising income taxes so that those who have the most ability to pay more can pay more so that the govt’s budget can start to be balanced and hopefully have a surplus?

Which choice will the country make when we can no longer just put things on our national credit card and keep borrowing from more sane and frugal countries?

If you say print more money…..then at least address the negative sideeffects of printing more money. If you say that those countries who we owe won’t put us in receivership cause its a symbiotic relationship and they need us alive to keep bleeding us, then address how this argument is that of a proud country that once was called the greatest country in the world and a bastion of economic success…and how it has come to basically be that we must go to others hat in hand…like third world countries used to come to us and beg for loan forgviveness 25 or 30 years ago.
national debt clock:

http://www.babylontoday.com/national_debt_clock.htm
cost of iraq war clock:

http://zfacts.com/p/364.html
graph showing decline of corporate tax receipts:

http://www.cbpp.org/10-16-03tax.htm
In 1950, corporations paid 27.5 of corporate tax receopts..which was 4.8%of GDP. In currently they pay about 9.5% or 1.7% of GDP.

1950-59
27.5%
4.8%

1960-69
21.3%
3.8%

1970-79
15.0%
2.7%

1980-89
9.3%
1.7%

1990-99
10.5%
2.0%

2000-09*
9.6%
1.7%
Partial History of
U.S. Federal Income Tax Rates
Since 1913
Applicable
Year Income
brackets First
bracket Top
bracket Source
1942-1943 – 19% 88% Census
1944-1945 – 23% 94% Census
1946-1947 – 19% 86.45% Census
1948-1949 – 16.6% 82.13% Census
1950 – 17.4% 84.36% Census
1951 – 20.4% 91% Census
1952-1953 – 22.2% 92% Census
1954-1963 – 20% 91% Census
1964 – 16% 77% Census
1965-1967 – 14% 70% Census
1968 – 14% 75.25% Census
1969 – 14% 77% Census
1970 – 14% 71.75% Census
1971-1981 15 brackets 14% 70% IRS
1982-1986 12 brackets 12% 50% IRS
1987 5 brackets 11% 38.5% IRS
1988-1990 3 brackets 15% 33% IRS
1991-1992 3 brackets 15% 31% IRS
1993-2000 5 brackets 15% 39.6% IRS
2001 5 brackets 15% 39.1% IRS
2002 6 brackets 10% 38.6% IRS
2003-2008 6 brackets 10% 35% IRS

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The federal government is spending more than we can possibly earn or pay back…what would we be willing to forego in order to turn this sinking ship around? Would we be willing to forego social security? Medicare? Medicaid? Healthcare? Government jobs that pay more than civilian jobs? Pensions that bankrupt the very companies that attempt to provide them? Since we are going to lose all of these perks anyway when the nation collapses under the weight of it’s own debt…would we be willing to "voluntarily" start cutting back on what we expect from our government now, before they decide it for us…like many states are having to do now with their budget crisis’s which are forcing them to cut services to the public.

Hard times are coming, which will make the recent recession look like good times…when and how are we going to start cutting back in order to save our nation?
To Krystal…we have never been 107 trillion in debt before, so this is a doomsday situation…each and every American owes 345,000 in debt…and it climbs everyday…just the interest on our debt alone will destroy us…this is as bad as it has ever been or ever will be and it is US who has to fix it.

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… even though many of the elderly never worked a day in their lives?

I’m not saying to cut care for the elderly, but why is it good to allow families to suffer a choice of not going to the doctor or going bankrupt?

By the way, I’m a republican.
By the way, we already have socialized medicine. Over 1/3 of treatment is paid for by Medicare/ Medicaid.

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