I'm a management major So i must master Accounting, Economics and management issues before i get my paper that rhymes with siploma.
The majority of the of the national debt is to ourselves, through gov't bonds. The gov't sells bonds to make money, and will pay them off at a later date. However they have, and will in the future, sell more bonds to pay off existing bonds.
I never said bush didn't make it grow, he just didn't create it. Regan was the first president to enforce a balanced budget. We dont' need it every year, or everytime, but keeping it low helps.
And Kerry'* "Plans" would increase the defeciet. With all of that spending, money has to come from somewhere to pay for it. He said he will not raise taxes on us, so it must come from Bonds and such. Gov't can't give you anything... They just redistribute income, while doing it less efficiently compared to real businesses.
'06 Vee Dub GTI 2 door Tornado Red
- 2.0 Turbocharged, Intercooled, Direct Injected, 6 Speed DSG, Underbody Aero, 17" Classix
- Moonroof, Bi-Xenon headlamps, Interlagos Plaid Sport Seats, 6 Disc In-dash, iPod integration, GTI Monster Mats (winter)
'93 Bonneville SE Purple Pearl H4U package - picked up June 23, 2003, Traded-in June 28, 2007...