So our economy must be thriving, yes? Dow Jones just keeps going up and up and up.
So I have one question: if our debt is now at $18 trillion dollars, and the best year our country (with adjusted inflation) had was $320 billion surplus. How are we ever going to see a decrease in our debt? at $18 trillion dollars, just on interest alone we are paying over $1 Trillion dollars a year. So we would need to have a surplus of over $1 Trillion a year to see see a decrease in the debt, which is 3x more than the best year ever.....So how is our country really doing?
Also, with out debt now at $18 trillion, it has surpassed our US Gross National product. Seems kind of disheartening where this country is going.
Am I missing something? Is this country doomed?
(PLEASE DON"T MAKE THIS IN TO A REPUBLICAN vs DEMOCRATIC THREAD , ALL OUR PRESIDENTS HAVE SUCKED EXCEPT MAYBE A FEW)