re: Seriously how is it going to play out with the US national debt?

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She

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A woman doing math LOL!

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Obama ran up more debt than all other presidents that proceeded him combined. The debt grew 86% in 8 years

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While he did run up the national debt 86%, I don't think it's just to measure this in absolute terms. Rather, you should measure his presidency for the debt HE and Congress actually created (not which he was sustaining).

Should you attribute blame to him for raising debt to fund the increasing cost of mandatory programs such as social security, defense spending, etc? Should you attribute blame to him for raising debt to fund our activities in Iraq, Afghanistan, and the Middle East?

If you want to see what HIS policies attributed to the national debt, you should look at the Congressional Budget Office database. His biggest contributions to national debt were in the form of tax cuts, investments in public infrastructure, renewable energy tax cuts, and the Affordable Care Act (the ACA costs $94B per year).

So I do agree that the debt increased 86% over during the Obama era, but not all that was directly attributed to him and his policies.

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Eventually we will get involved in a massive war that we won't be able to afford to keep up with. Our enemy will advance and we won't. Then....

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That seems like just trying to justify waste and bloated fed government.

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While he did run up the national debt 86%, I don't think it's just to measure this in absolute terms. Rather, you should measure his presidency for the debt HE and Congress actually created (not which he was sustaining). 

Should you attribute blame to him for raising debt to fund the increasing cost of mandatory programs such as social security, defense spending, etc? Should you attribute blame to him for raising debt to fund our activities in Iraq, Afghanistan, and the Middle East? 

If you want to see what HIS policies attributed to the national debt, you should look at the Congressional Budget Office database. His biggest contributions to national debt were in the form of tax cuts, investments in public infrastructure, renewable energy tax cuts, and the Affordable Care Act (the ACA costs $94B per year). 

So I do agree that the debt increased 86% over during the Obama era, but not all that was directly attributed to him and his policies.

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Exactly.

The fact is the dems are 10x more fiscally responsible than the republicans and this goes back decades.

Reagan - started the debt explosion with tax cuts and massive spending increases.

HW Bush - Did a decent job, kept spending, didn't compound the problem with tax cuts.

Clinton - Tax hikes, kept spending about the same, surplus.

Bush 2 - Massive spending increases, two rounds of large tax cuts for the wealthy. Terrible policy, exploded debt.

Obama - Decreased discressionary spending significantly, tax increases. Yearly deficit was dropping when he left.

Trump - just lol. Worst ever. Huge corporate tax cuts at a time when corps are sitting on most money in history and massive spending increases when the economy is at full employment. Potential to be dumbest economic policy in US history. Inflation here we come.

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the current debt/ defecit is obviously unsustainable. 



Is it? Why? 

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When debt reaches about 120% of GDP it begins to choke and crush an economy with the interest payments.

Did you pay any attention to the austerity in Greece, Italy, and the UK several years ago? It was painful for them. We are heading in that direction. US debt to GDP ratio breeches 100% last year. With the current tax cuts and spending increases, we are about to jump up significantly higher.

I'm telling you, very large tax increases to individuals are on the horizon in the near future. Book it.

If you are going to spend spend spend, you do not make the problem worse with tax cuts.

Either cut taxes and spending, increase taxes and spend, or keep taxes the same and cut spending. Those are the only options with out debt.

Unfortunately every time we get a republican administration, it is spend spend spend and cut taxes and see how much the debt can get jacked up until the dems take control again and raise taxes to try and unfrick the debt.

These tax cuts coupled with no spending decreases (or in our case, spending increases) are the 8 year note on a $60k truck. Monthly payment looks good now though, so baws like it.

Yep. Ftr, I've been a republican most of my life. About 10 years or so I turned 100% against them, solely because they are truly much less fiscally responsible than Dems despite their lip service.

And at the end of the day, what I care about is my money and I do not want to pay an assload in taxes in the near future to make up for their stupidity, but now I'm resigned to taking it in the arse with huge tax increases in a few years

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Unfortunately every time we get a republican administration, it is spend spend spend and cut taxes and see how much the debt can get jacked up until the dems take control again and raise taxes to try and unfrick the debt.

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President Obama's healthcare law will spend about $2 trillion over the next decade on expanding insurance coverage but still leave 31 million Americans uninsured, according to an analysis from the Congressional Budget Office released on Monday.

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So you look at this chart and see the 7% slice of debt service as the problem? Ok