Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin

[Dill]

(08-20-2018, 03:46 PM)Nebuchadnezzar Wrote: I remember my Sociology teacher at West Hi complaing about how the US debt could reach $1 Trillion and how we would never be able to pay that much money back.

Now we are staring at $22 Trillion in debt? And no doubt, we can't pay it back.

We do need some debt, maybe a quarter or half of what it is now. I read a long time ago that our debt actually helps those that buy it and it's paid back or something like that.

But $22 Trillion is just outrageous and it's not ever going to get better the way our government spends.

Just as critical is how our government cuts taxes. That, plus increased military spending, is what started us down the road of huge peacetime deficits back in 1980-88.