Anonymous
Anonymous asked in Politics & GovernmentPolitics · 3 weeks ago

How did the US get 25 trillion dollars in debt?

79 Answers

Relevance
  • Sally
    Lv 7
    3 weeks ago
    Favorite Answer

    Republicans giving tax cuts to the wealthy, an overblown military budget, the Great Recession. Remember that Clinton left the country with a surplus when his term ended.

    Attachment image
  • 3 weeks ago

    It's a little more complicated than just blaming President Bush 43, President Obama, or even Trump. Because getting to $25t involved events beyond our control, the implementation of policy/programs and an unfathomable amount of interest. Which started in 2000, when then Governor Bush campaigned on returning the budget surplus to the people as a tax cut and then did.  After which, came the 9/11 attacks, need for Homeland Security/military increase, Afghanistan, Iraq, another tax cut, Katrina, Medicare Part D, and the Economic Collapse.  Under President Obama came the passage of the Stimulus Package in response to the Economic Collapse, continuation of the wars in Afghanistan & Iraq and passage of the ACA/"Obamacare".  Under Trump-it has been increased by tax cuts and his self-proclaimed "phenonmenal" increase in spending for the military/vets & border wall.  Additionally, all 3 have experienced devastating natural disasters which have had significant financial impact.

     

    Believe it or not, the individual breakdown is basically bi-partisan w/ $10t under President Bush, $10t under President Obama, & $5t & counting under Trump.  Additonally, we shouldn't forget the members of Congress from both parties without whose support policy decisions such as; going to war & tax cuts and programs like Medicare D & the ACA/"Obamacare" would not have happened.  

    The much harder question is how to go the other direction? 

    • Jim3 weeks agoReport

      The debt is 23 trillion.  10 trillion from Obama alone

  • 3 weeks ago

    When money is put into the hands of people who did not earn it, it will always be squandered with the utmost frivol.

    The US is 25 trillion in debt because of democracy. Democracy gives money and power to people who did not earn it. It allows people who are not taxpayers to have a say in how taxpayer money is spent.

    Democracy must be replaced by meritocracy: If you pay less than $5,000 in taxes, you shall not be permitted to vote. A person who pays less than $5,000 in taxes understands neither the sacrifices of earning nor the consequences of spending and therefore is not qualified to be making decisions on how the Nation's money will be spent.

    • sirjester099
      Lv 6
      3 weeks agoReport

      Sadly and unfortunately for you, your warped fantasies will never see reality!
      We have a constitution and it will not be altered

  • Prince
    Lv 5
    3 weeks ago

    Start with the BILLIONS handed to enemies like Pakistan, which has harboured bin Laden and (annually) al Qaeda, while receiving billions in "aid" from US. What the crap. 

    • I care
      Lv 6
      3 weeks agoReport

      Than some wonder why Obama,  wasn't for our Country in the first place. 

  • How do you think about the answers? You can sign in to vote the answer.
  • 3 weeks ago

    The super wealthy don’t pay taxes, (offshore accounts , etc) nor do many corporations. Our military budget is larger than the seven countries underneath us combined. Cash strapped Americans can’t foot the whole bill. Many Americans can’t afford to retire, don’t even have $400 saved up for an emergency according to statistics.

  • Anonymous
    3 weeks ago

    Spend, spend, spend.

  • Anonymous
    3 weeks ago

    Reagan TRIPLED the debt.

    Bush Sr DOUBLED the debt.

    Clinton left with a SURPLUS.

    Bush Jr DOUBLED the debt with his 2 Trillion Dollar Wars.

    Obama had to spend to fix Bush's Recession from becoming Depression.

    Trump added $9 TRILLION to the debt with his tax cuts, increased military spending and his stupid wall.

    • Mad3 weeks agoReport

      ok true but Trump is kinda cute.

  • Anonymous
    3 weeks ago

    Easy.  Look at the eight years of George W. Bush's presidency* when Republicans were running Congress.  Over $10 trillion added to our debt in just eight years between 2001 and 2009.  Sadly, it's a record that didn't stand for long.  Trump and Congressional Republicans just added $1.2 trillion in a single year, and are running the debt up faster than Bush/Cheney/Boehner/Tea Party ever did.

    • James3 weeks agoReport

      Actually, he's not.  Obama's record appears to be $10 trillion but that's only due to a quirk of GAAP, Trillions from George W. Bush's reckless spending were put onto Obama's tab.  Return those trillions where they belong, George W. Bush's tab, and you'll see who the REAL big spender was. 

  • 3 weeks ago

    Basically, by spending more money than the federal government had.  Implementing communist, unconstitutional programs intended to buy votes for useless career politicians.  Giving aid to countries without a treaty, knowing full well this country doesn't have the money for it.  Pretending to be the world's police force then not charging the countries we help.  Not enforcing the laws we have that would stop criminal migrants from coming here rather than kissing their illegal a$$es.

    • atomic fireball
      Lv 6
      3 weeks agoReport

      Time to get some lunch, ‘out to lunch.’ Low blood sugar=not enough glucose available for proper brain functioning

  • 3 weeks ago

    Short answer is politicians never met a tax payers dollar they wouldn't spend. Even if they haven't earned it yet.

  • 3 weeks ago

    The spending from the military and the tax bill while they cut some of the social  programs and Obamacare.

    try to look it up first before answering boring questions

    • Military protects America. Obamacare protects the weak and lazy.

Still have questions? Get your answers by asking now.