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Reduce the Deficit and Balance the Budget
 

Debt to GDP History
Revenues are not keeping up eith spending since Clinton
  • We are on the edge of a fiscal cliff. Our a national debt is $39 trillion. That amounts to $114,000 for every single American.

  • The national debt is currently 120% of the total annual Gross Domestic Product of America!

  • Without a quick change of course the national debt will be 175% of GDP in 2050. This is not sustainable and our children will suffer!!

  • U.S. hasn't balanced its budget since FY 2001 during the Clinton Administration. 

  • The last time the debt was reduced was during the Clinton Administration.

  • Our current national debt is largely the result of:

    • Enduring long terms tax cuts enacted in the G.W. Bush and Trump Administrations that have resulted in years of reduced revenues. Those tax cuts mostly benefited the affluent and corporations.

    • The "To Big to Fail" great recession one-off bail-outs of Wall Street that occurred during the G. W. Bush and Obama Administrations.

    • Emergency Covid-19 spending one-offs in the Trump and Biden Administrations.

    • Long term spending on endless wars and defense in the G.W. Bush, Obama, and Trump Administrations.

    • Spending increases in health care, health insurance, and interest on growing the debt. 

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