nateberrier
10+ year member
******
Our foreign aid contributes almost nothing to our debt. The majority of our spending is in social security and wars. Wars being most of it. In the past we raised taxes (up to 90% on the uber rich and guess what, they were still rich after) and suggested that citizens purchase war bonds to help pay for it. Currently the US debt is one of the best investments you can make, Japan and China hold a lot of it. We always pay it back with interest. Same idea as a war bond, youre buying US debt with the promise that youll get it back with interest in a few years. Also its funny that Republicans will demand all these cuts but they wont get rid of oil subsidies, that would probably help the country out more than anything. Imagine if gas went down a buck or two over night. The debt ceiling will be raised, but not until after its been milked for political merit. And remember, money rules our country, not the president.
