kokonut
New Member
- Joined
- Jul 9, 2006
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So you have nothing to complain about Carter adminstration? The national debt was the lowest in his time. I would love to see the national debt to be paid off so America would be strong. Right now, the economy is in trouble and Obama needs to make sure that economy is on the rebound before turning his attention on the national debt. So lay off on Obama for now.
I said every president, including Carter. Of course the national debt was lower. That was over 30 years ago. The debt began accumulating during early America. This is what debt accumulation is all about and it gets bigger with each passing year and the deficit gets larger and larger with each passing president. It is a no brainer when it comes to spending money we DO NOT have. You just don't do that knowing you're at point of no return. Amassing debts is not the answer, period. Maxing out on credit cards thinking it's a solution to solve a massive debt problem is not the answer, too.
CBO's projection over 8 years with Obama in White House on deficit spending would amount to about $11 trillion dollars, easily twice that of Bush' 8 years of deficit spending.


