Conservatives Forum.com The #1 Conservatives Forum on Google.com
Conservative News and Discussion Forum. Home of the Sisterhood Of the Sacred Skillet of Justice.
The NCO Club - Military Forum - Page 2 - Page 3 - CF Forums - Conservative News Source - Newsmax TV
Constitutional Issues - Candidates Action - Economy - Talk Radio Conservative News - Conservatives Directory
Sports - Health - Poetry - Entertainment - Cook, Crafts - Activists Forum - Conservative Activist - CF Chat
Conservative's ForumConservative's Discussion ForumsConservative News Forum › Interest On Public Debt to Quadruple In Ten Years
Page Index Toggle Pages: [1] 2 3 ... 5 Send TopicPrint
Very Hot Topic (More than 25 Replies) Interest On Public Debt to Quadruple In Ten Years (Read 7,470 times)
Shooterman
CF Presidents Club
*****
Offline

Dum spiro pugno

Posts: 9,972
Joined: 03/01/11
Gender: Male
Interest On Public Debt to Quadruple In Ten Years
02/07/15 at 09:41:32
Print Post  
On Tuesday, the Wall Street Journal reported that the federal government will be paying $800 billion annually just to service the interest on its massive debt by 2025, up from just over $200 billion currently. By 2021, those interest costs will equal what the government is projected to be spending on national defense, and on non-defense (so-called “discretionary” items), and will greatly exceed those two budget items just by 2025. The Journal also noted that “non-discretionary” items (so-called “mandatory” expenditures) will continue their inexorable march upward, from $2 trillion currently to more than $4 trillion by 2025.

Surprisingly, few eyebrows were raised over the announcement, with most commentators ignoring it or passing it off as unworthy of their attention. The Journal study was based on White House numbers that estimated interest costs to be less than three percent of the country’s gross domestic product (GDP), a rounding error in the grand scheme of things.
http://web.blogads.com/advertise/conservative_blog_advertising_network?persisten...
When asked what impact these huge increases would have on the government’s budget, Josh Zumbrun, a former Federal Reserve reporter for Bloomberg and a Washington correspondent for Forbes magazine, said those impacts will soon be felt: ”Defense and nondefense discretionary spending will be squeezed. Anyone who doesn’t want to see that happen in the next decade needs some combination of higher revenue, much faster economic growth, or cuts to entitlement programs.”

NOT SUSTAINABLE

Think on this as we continue to look for terrorists in the world when in actuality we need to look no farther than Foggy Bottom, the interest alone, by 2025, will be only about 100 Billion Bucks less than the entire debt in 1980. ( approx 900 Billion ) so in a mere forty five years, just the interest alone will be just a tad smaller than the entire debt had been at the start.

I ask very simply: how do we overcome this malaise? How do we restore fiscal stability to government? Will any President have the balls to demand a slash in spending? Will a draconian cut in spending alone, solve the problem?

DOES ANYONE TRULY CARE?
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
Back to top
 
IP Logged
 
FellowPatriot
Ex Member


Re: Interest On Public Debt to Quadruple In Ten Years
Reply #1 - 02/07/15 at 10:08:04
Print Post  
Like I said, expect the greatest tax hikes in our nations history coming in the future.
  
Back to top
 
IP Logged
 
Shooterman
CF Presidents Club
*****
Offline

Dum spiro pugno

Posts: 9,972
Joined: 03/01/11
Gender: Male
Re: Interest On Public Debt to Quadruple In Ten Years
Reply #2 - 02/07/15 at 10:49:56
Print Post  
Quote:
Like I said, expect the greatest tax hikes in our nations history coming in the future.


Unless it is dedicated to reducing the debt, which it won't be, the 'band will play on' as one that some of us remember as a strong fiscal conservative, Pepe, use to say.

We are the enemy to ourselves. For far too long we have elected those that have squandered the legacy our Founders left us.
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
Back to top
 
IP Logged
 
Shooterman
CF Presidents Club
*****
Offline

Dum spiro pugno

Posts: 9,972
Joined: 03/01/11
Gender: Male
Re: Interest On Public Debt to Quadruple In Ten Years
Reply #3 - 02/07/15 at 10:52:28
Print Post  
By the way, FP, or anyone else that may have a working crystal ball, is there an alternative to high taxes?
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
Back to top
 
IP Logged
 
Naturalized-Texan
CF Presidents Club
*****
Online

Conservative's Forum

Posts: 10,051
Location: Texas
Joined: 12/28/11
Gender: Male
Re: Interest On Public Debt to Quadruple In Ten Years
Reply #4 - 02/07/15 at 10:53:26
Print Post  
The major problem is that Obama has added more to the national debt than did all the presidents from George Washington through George W. Bush, COMBINED.
  

"Anthropogenic Global Warming/Climate Change is a massive POLITICAL hoax."
Naturalized-Texan, many times in the past 15 years

"Modern American liberalism, Mussolini's Fascism, and Hitler's Nazism all have their roots in Wilsonian Progressivism."
Naturalized-Texan, 1/7/2009

"The goal of all liberal programs is to produce ever-increasing numbers of poor and ignorant people dependent on government handouts."
Naturalized-Texan, many times in the past 15 years
Back to top
 
IP Logged
 
Shooterman
CF Presidents Club
*****
Offline

Dum spiro pugno

Posts: 9,972
Joined: 03/01/11
Gender: Male
Re: Interest On Public Debt to Quadruple In Ten Years
Reply #5 - 02/07/15 at 11:12:19
Print Post  
Naturalized-Texan wrote on 02/07/15 at 10:53:26:
The major problem is that Obama has added more to the national debt than did all the presidents from George Washington through George W. Bush, COMBINED.


Doubtful, regardless of how many times you repeat it. The debt at the end of G W Bush term was about 12.5 Trillion. At present it is somewhere north of 18 Trillion. The very simple math I was taught many many moons ago, says ( even if rounded up to about 6 Trillion added during Obama's term, it is still far short of 12.5 Trillion.

Granted it is a problem, but the question was not to recognize the problem, but what should be done about it ( if anything can ) short of the massive tax hike FP has mentioned. The problem, as we all know, is too much spending. What is the answer to the problem? 800 Billion projected in interest alone, greater than the defense spending and discretionary spending. Repeating what the problem is in no way solves it?

So, N-T, with all due respect, Sir, kindly tell us the solution.
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
Back to top
 
IP Logged
 
Bob S
CF Vice Presidents Club
*****
Offline

Liberally Challenged

Posts: 1,442
Location: Pacific Northwest
Joined: 02/14/08
Gender: Male
Re: Interest On Public Debt to Quadruple In Ten Years
Reply #6 - 02/07/15 at 11:19:26
Print Post  
The solution - is for the country to elect leaders that are prepared to make financially responsible decisions.  Money that could be saved on the abuse of entitlements, etc is huge.  Money that could be saved by a decision to NOT provide aid to countries that hate us - this could save us billions.

But - there are no leaders on either side that have the stones to even think in these terms.

So our deterioration will continue, until we resemble the examples of "has beens" around the world.

Taxes will rise, but so will entitlements - until this whole thing implodes, and the US basically becomes Greece.

China is watching all this with intense interest, and amusement.  God help us, and God forgive us for squandering this incredible opportunity that He gave us.
  

The trouble with good ideas is that they quickly deteriorate into hard work....
Back to top
 
IP Logged
 
FellowPatriot
Ex Member


Re: Interest On Public Debt to Quadruple In Ten Years
Reply #7 - 02/07/15 at 11:25:15
Print Post  
Shooterman wrote on 02/07/15 at 10:49:56:
Unless it is dedicated to reducing the debt, which it won't be, the 'band will play on' as one that some of us remember as a strong fiscal conservative, Pepe, use to say.

We are the enemy to ourselves. For far too long we have elected those that have squandered the legacy our Founders left us.



Me and you don't agree all the time but we're in total agreement here.
  
Back to top
 
IP Logged
 
FellowPatriot
Ex Member


Re: Interest On Public Debt to Quadruple In Ten Years
Reply #8 - 02/07/15 at 11:28:06
Print Post  
Shooterman wrote on 02/07/15 at 10:52:28:
By the way, FP, or anyone else that may have a working crystal ball, is there an alternative to high taxes?


Shrinking Gov(not going to happen) printing more money(?

Is there something I'm missing?

  
Back to top
 
IP Logged
 
Wayne
CF Global Moderator
*****
Offline

carpe beer!

Posts: 48,245
Location: St Clair Mo
Joined: 03/03/08
Gender: Male
Re: Interest On Public Debt to Quadruple In Ten Years
Reply #9 - 02/07/15 at 11:43:33
Print Post  
Shooterman wrote on 02/07/15 at 11:12:19:
Doubtful, regardless of how many times you repeat it. The debt at the end of G W Bush term was about 12.5 Trillion. At present it is somewhere north of 18 Trillion. The very simple math I was taught many many moons ago, says ( even if rounded up to about 6 Trillion added during Obama's term, it is still far short of 12.5 Trillion.

Granted it is a problem, but the question was not to recognize the problem, but what should be done about it ( if anything can ) short of the massive tax hike FP has mentioned. The problem, as we all know, is too much spending. What is the answer to the problem? 800 Billion projected in interest alone, greater than the defense spending and discretionary spending. Repeating what the problem is in no way solves it?

So, N-T, with all due respect, Sir, kindly tell us the solution.






http://useconomy.about.com/od/usdebtanddeficit/p/US-Debt-by-President.htm
  

Back to top
 
IP Logged
 
Page Index Toggle Pages: [1] 2 3 ... 5
Send TopicPrint
 
Conservative's ForumConservative's Discussion ForumsConservative News Forum › Interest On Public Debt to Quadruple In Ten Years


ConservativesForum.com
CF Forums
The NCO Club - Military Forum - Constitutional Issues - Political Polls - Candidates Action - Economy
Conservative News Sources Rush Limbaugh, Sean Hannity, Mark Levin forums
Political Activism, Strategy, Blogs - Conservative Sites - Games - Sports - Health - Poetry - Cooking - Library
Gun Rights - Conspiracy Theories - Page 2 - Page 3 - Page 4 - Page 5


Conservatives Directory
conservative sites:
Daily Caller
Newsmax
Drudge Report
Sean Hannity Show
Rush Limbaugh
The American Thinker
Breitbart News
FrontPage Magazine
Right Bias
Rasmussen Reports
David Limbaugh
American Conservative Union
Accuracy in Media
News Busters
Newt Gingrich
Chicks on the Right
Mark Levin Show
Tea Party Patriots
Phyllis Schlafly Report
Conservative News
TruthUSA
Michelle Malkin
Right Wing News
Accuracy in Academia
Hotair
Powerline Blog
Conservative News Source
Conservative Activist

Conservative Blogs
Proudvet's Blog
Opinion Editorials
Political Polls
Twitter CF
Conservatives Directory Add Your Site
Conservative Blog Advertising
Forum Rules, User Agreement and Privacy Policy
Registering Information and Forum Rules