When is the US planning on paying the National Debt?

Question

Each year the amount we pay on *interest* on the National Debt is $406 Billion. Total collections of income tax amount to $2.7trillion, so 15% of our taxes are going to pay interest!

Am I the only person who thinks this is crazy?

Answer 1

As soon as we get rid of Bush and McCain.

Answer 2

If it ever gets paid, it will have to be done by people who aren't even born yet.    any wonder how they will rate George W. Bush's Presidency????

Answer 3

After 100 years, When McCain leaves Iraq.

Answer 4

Good question. I hope some of the borrow and spend Republicans who supported and praised Regan, Bush I, and Bush II will explain that to you, since they created most of that debt.

http://www.lafn.org/gvdc/Natl_Debt_Chart...

See below for increases in the debt.

Reagan

1981- $ 994.8 billion

1989- $2,867.8 billion

8 year increase $1,873 billion

George HW Bush

1989 $2,867.8 billion

1993 $4,351.0 billion

4 year increase $1,483.2 billion-

George W. Bush.

2001 $5,769.9 billion

2008 $9,575.8 billion (gov est.)

8 yr. increase $3,805.9 billion -

Answer 5

No.  However, I don't see any serious attempt being made by either party to pay it down.  Even Clinton spent the social security surpluses instead of using them to pay down the debt.

Answer 6

Decode this lyrics " I"ll be home for X"mas"

Will have all the Christmas presents by then.

With a grand X'mas too in time.

Luke 8.10,17

What do you think?

Answer 7

Well, most Democrats dont care about little things like the national debt, there more interested in getting free candy or in the case of Obama, free healthcare, democrats want everything handed to them and life made easier but they dont understand the consequences or freedom for that matter.

Dont vote for NoBama.