Posted by: A. C. Cockerill | December 8, 2014

Winter Debt Check – 2014

Winter Debt Check – 2014

As we begin a new season, what is the current national debt, and what is the current population of the U.S.A.?

My two cents (but please share yours):

Hint:  http://www.usdebtclock.org/


Responses

  1. This shows just how sick our country is. Our debt exceeds our gross national product, and our government spending represents some 38% of that gross national product. Do the geniuses in Washington who have gotten us in this shape even THINK we can continue down such a slippery slope? I wonder if they even care.

    • Hi again David,

      The first step in fixing any problem is getting accurate data that is free from political bias. So far, this debt clock has served that purpose and is worth checking on a quarterly basis.

      As for fixing this huge debt problem, the good news is that we are still in a position to grow our way out of trouble. First, the corporate tax rate must be lowered (our tax rate = highest in the world) to at least 25%. (15% would be much better.) Second, we need to remove much, if not most, of the regulation burden from small businesses. These two steps would allow the “compounding nature” of profit to take over, and the growth would be remarkably quick. Here’s hoping for 2015.

      Cheers, Ashley

  2. Waaaaaay too much. Scary.

    • Hi CJ, Scary, but still recoverable. The best thing we can do is stay informed, look up our representative in Congress, and jot down their Washington, DC phone number. I recommend calling their DC office every other month to voice concerns and opinions on the size of this debt and on any other issues that are important to you. Fridays at 1:00 p.m. EST are usually good. Staff folks will take notes and share with the representative, especially if you let them know you are a voting citizen in their district and not some random lobbyist. Attending a local town hall meeting, speaking with both the representative and their staff members, is an excellent way to help them attach a face to your name. In less than a year, the staff will know who you are. Cheers, Ashley


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