What are some of the reasons the USA is so much in debt?

Question

And how long do you think it will take to get us out of debt? Personally, I think it's going to take a while.

Answer 1

In years past a full 75% of the USA's "economy" was generated by "intelectual property".

This means the rest of the world would pay us for having invented things like refridgerators.

But that takes a "Liberal" government to pursue.

And in the USA today Conserfatives of both parties really don't support a poor person's right to intelectual property of any kind.

None. Zippo. (No Zippos were patented, silly me...)

In fact, they rhetorically call this child support.

Silly no?

Yes, they can call something child support when it really does just the opposite (starving children by refusing daddy the right to get rich ~ unless he does it like the majority polotician by pandering to or actually being in organized crime...)!

You see, no business licenses goes right hand and glove with no auto licenses. This includes the right to free speach (a copywrite is also refused permitting any one with an opposing veiw to claim copywrite and sue the actual author legally for copywrite infringement of his own work...).

As an court can impute literally any income is "possible" and "appropriet" (given the victim is Liberal or of a different culture or ethnicity, etc.) no body can be sure in divorce court if the judge will in fact order a man / woman perminantly poor and without civil rights on the spot. No ability to earn money usually = no lawyer in a civil case. All money one gets is "legally" supposed to go to the "ex" (invented wife or not ~ invented of course by an organized criminal court ~ or a court with a 9mm held to the head while the organized crook request the favor of beaking a union organizer, or other ethnicity's will to fight...remember the last time you saw a judge walking down the street with an armed guard? no? how about the cocaine dealer? yes? hmm, who can tell whom what to do?)

Judges can and do kill people by labor. (This even when they don't want to but rather act because a "conserfative" has a gun to their heads...)

In the USA we have a "rich history", provided by none other than JFK (yes John Fitzgerald Kennedy, the late President of the USA) of court civil rights abuse resulting in deaths 75% of the time on chain gangs. 75% of those with a life expectancy of less than 2 years in 1960, on chain gangs were in on civil convictions of vagrancy, nothing more. This according to a presidential commission on prisons.

This had apparently gone on under every President since the founding of the USA.

That's a lot of dead people, murdered by work to death programs. (And allot of these were Irishmen, so JFK was upset enough to publish and some think the courts killed him for it and his brother, before they could arrest and kill the judges that had killed his relatives).

If the government gives money to crooks (this is indicated by nine trillion in additional debt up from less than 1 trillion in 1980 when conserfatives stole power through election fraud by purchasing votes with contra cocaine...) who is responsible?

If crooks are better off in a poor economy and they cause a poor economy who is responsible (more misery = more d ope sales, etc.)?

If crooks can sell more d ope to junkies if they have the better paying jobs and thus give d ate r ape d ope to "honest people" who do not use so they can both get them fired leaving the employment opportunities to junkies ~ and working the honest non-user in prison labor camps for de@dbeat dad "violations" ~ cause you know mommy will not blame the d ope dealer if he can't explain the bimbo in his bed when she gets home ~ and he won't be able to recall because horse tranquilizers cause memory loss and are legal since Reagan for horse owners and what hood doesn't own or know someone who does ~?????????? Who is responsible?

Who is a man? (As the arch Conserfative Ms. Secretary o' State Conda's cousin, Be, (our), Rock (Cocaine?) Oh be Ohh Mmmmm, Ahhhh, ridicules?)

Cause, hey, they d oped riddiculed, robbed and slaved out his donkey butt, him that was honest and kind in this cruel world.

In short, d ope use. D ope use and did I dare say it? Yeah I done got shot 13 times with my shinny new badge to be able to know for utter certainty, I did say it and dare to say it again. Dope is ruining our country from the top down, and the bottom up.

Answer 2

America or Americans?

The average American family is in debt because, as the others here point out, we spend more than we make. We take out loans to afford homes and cars we can't pay cash for. We have credit cards to allow us to purchase large-sticker items and pay off the balance slowly. Each of these actions puts us in debt.

The problem is, our generation hasn't had the scare that our grandparents and great-grandparents did. We didn't deal with the Depression. We were born into a world power with a high quality of life. We have a sense of self-entitlement and we spend like there's no consequences.

As a government, we overspend on a variety of things. We hemorrhage money on wars (and then pay reparations to rebuild the countries we blew up). We fling money at social services (because our citizens didn't save and have too much individual debt). We give billions to foreign governments (Israel, South Korea, Japan, etc) to A: set their government up the way we want it, B: keep a firm hold on the region, and C: keep ourselves entrenched in their economy and politics.

By and large, it's our foreign policies and our insistence on getting involved in foreign affairs while simultaneously neglecting our domestic production and infrastructure that has cost us so much. Our chief export right now is empty containers (which are filled overseas and imported right back).

Answer 3

Better question:

Why are most countries in debt?  Why are most people in debt?

The most underlying reason is because we want to live beyond our means, and we want to invest our money in things that we think are necessary.  Being in debt is not bad if you can pay it off.  It's even better if what you got out of being in debt is worth more than you would have had had you not gone into debt.

Personally, I don't think the US will ever get out of debt.  Not because we won't work to pay it off, we will, but we will constantly take on more debt that we feel comfortable with (as an aside, I am not comfortable with the current debt; IMO it's pushing the breaking point).

Answer 4

the biggest reason is politicians love to cut taxes and not cut spending.

Answer 5

Mrr.President

Answer 6

iraq, afghanistan, nuclear deals, house prices, market, fuel prices etc. they will never get out with bush as president or obama or mccain. they should stop interfering so much in everything

Answer 7

Because we as a people can not wait until we have the money tomorrow to pay for something that we want now whether we need it or not.  This is at all levels form the individual to the Federal government.

Answer 8

Remember that war in Iraq?  It's been in the papers.  It costs 32.4 BAZILLION dollars a day.  Remember Bush said it would pay for itself!  Hahahahahahah - were WE ever stupid.  

All the money this Bush Zero spends is borrowed from the Chinese who buy up our Treasury Bonds.  So essentially the Chinese now control our foreign policy - because if they ever dumped a fraction of the 3 trillion dollars of our Treasury Bonds on the market, we'd be broke that afternoon.  So we do what the Chinese tell us to do these days.

($3,000,000,000,000 is owed to the Chinese at this point - and this grows each day Bush is in office).

Remember the tax cuts for the rich?  Remember that stupid little "stimulus check" you got.  Right.... borrowed from the Chinese.  

You like those gas prices?  That's all part of it too although the republicans are busy blaming that on the democrats.

Bush has screwed us to the point of treason.  And he'll never serve a day in jail for it.

Answer 9

Katrina and Rita, the dot com collapse, the Enron and World Com fiascoes, the housing refinance scandals, the events of 9/11, the war on terror, the escalating world demand and resulting cost of energy, out sourcing of our manufacturing base, etc.....etc...... in short, the last few years have been one very expensive disaster after another.

It's a wonder our economy is as resilient as it appears to be.

I suspect our grandchildren's grandchildren will still be paying off the interest - let alone the debt.

Answer 10

Bad managing at the top, and lazy people at the bottom.

Plus the fact that people like to life good by working less.

This will eventually cause generational inequeties were future generation will have to work more just cause the present generations do not want to.

denmark has one of the highest taxes in europe, per example, but alll denish people are happy, per example, cause they see that thier money is well spend, and they have got wonderfull public transport, health, etc...

high tax with optimum managing is the answer!

Currently USA trade balance is negative, they buy more than they sell, and $ go out of the country, and not in!! Fed has to thus print more $ and USA is further more in debt with Fed, wich add with the dept they have got with other countries already to whom they give IOUs (bonds) for their purchases.

War is another reason for the debt. Foreing IOUs increases as cash decreases, plus large resourses (public money) are invest in a business (war) where not everybody gets the benefits!!

Taxes impose ti USA by the FED and foreing contries are enormous and increse the debt further more.

Its a luck for USA to have so many assets it can sell, but they will eventually finish, and what will then happen???

Country controlled by foreign countries who bought the assets, controlled by banks, civilian right traded, and words like consumists or shareholder taking the place of citizenship!!

Answer 11

Comon maths if the general barrows for everything and have to pay back large interest and their income is almost the same as expense then only a matter of time and something or everthing will give in and cause financial or economic disaster. Investment should not only base on calculation but also on reality.

Answer 12

Each family is responsible for over $30,000 dollars, in order to pay it off.

Answer 13

We are spending more than we are making, plain and simple.

Answer 14

expanding wars. expanding government

government borrows more than it earns.

You are incorrect about the ability to pay off the debt. The way America's policies are right now, the debt will rise and can never be repayed. I remember reading about a study that showed that currently government cannot meet its future obligations.

Answer 15

we spend more than we make.

Answer 16

We'll never be out of debt.  But the way the debt is structured it's not as big of a deal as it seems, although still a problem.

Most of our debt isn't due for 10, 20 or 50 years.  With inflation it's not going to be worth as much ( relatively ) as it sounds.  I really don't understand why people buy  national debt like this.. I don't see the financial upside to it.

Answer 17

It's called congress!

Answer 18

We spend more than we make.  Especially with the war.  Another problem we going to have, other than debt, is inflation.  Since we can't finance this war, we just print it out of thin air and it loses it's value.  The way we are going with our foreign policy that we can't manage, we'll have to keep printing it and it will eventually be destroyed.

Answer 19

30k? you better try 533k for each household in the USA and that is only the top portion of the national debt, the rest would be consumed by property rights in major cities. Most if not 90% of this debt is to China. As a Ron Paul supporter I say I owe who this debt? the h**l I do !