About 'us debt by year chart'|...the self is constructed gradually by their calling. The graduates...and can’t be pursued directly. Most of us are egotistical and most are self...

About 'us debt by year chart'|...the self is constructed gradually by their calling. The graduates...and can’t be pursued directly. Most of us are egotistical and most are self...

Ｓｏｌｖｉｎｇ               ｏｕｒ               ｎａｔｉｏｎ'ｓ               ｆｉｓｃａｌ               ｐｒｏｂｌｅｍｓ               ｉｎ               ａ               ｍａｎｎｅｒ               ｔｈａｔ               ｉｓ               ｆａｉｒ               ｔｏ               ｅｖｅｒｙ               Ａｍｅｒｉｃａｎ               ｒｅｑｕｉｒｅｓ               ｈｏｎｅｓｔｙ. Ｉｔ               ｒｅｑｕｉｒｅｓ               ｔｈａｔ               ｗｅ               ｕｎｄｅｒｓｔａｎｄ               ｔｈｅ               ｒｅａｌ               ｒｅａｓｏｎｓ               ｆｏｒ               ｏｕｒ               ｂｕｄｇｅｔ               ｄｅｆｉｃｉｔｓ               ａｎｄ               ｎｏｔ               ｒｅｐｅａｔ               ｔｈｅ               ｍｉｓｔａｋｅｓ               ｔｈａｔ               ｇｏｔ               ｕｓ               ｈｅｒｅ.                Ｏｕｒ               ｎａｔｉｏｎａｌ               ｄｅｂｔ               ｉｓ               ａｔ               $14.3               ｔｒｉｌｌｉｏｎ               ｄｏｌｌａｒｓ. Ｃｕｒｒｅｎｔｌｙ               ｔｈｅ               ａｖｅｒａｇｅ               ｉｎｔｅｒｅｓｔ               ｒａｔｅ               ｏｎ               ｔｈａｔ               ｄｅｂｔ               ｉｓ               ａｂｏｕｔ               3.2%               ｗｈｉｃｈ               ｍｅａｎｓ               ｂｅｆｏｒｅ               ｓｐｅｎｄｉｎｇ               ａ               ｐｅｎｎｙ               ｔｈｉｓ               ｙｅａｒ               ｏｎ               ａｎｙ               ｇｏｖｅｒｎｍｅｎｔ               ｐｒｏｇｒａｍ,               $460               Ｂｉｌｌｉｏｎ               ｄｏｌｌａｒｓ               ｆｒｏｍ               ｔｈｅ               Ａｍｅｒｉｃａｎ               ｔａｘｐａｙｅｒ               ｗｉｌｌ               ｂｅ               ｔｒａｎｓｆｅｒｒｅｄ               ｔｏ               ｔｈｅ               ｈｏｌｄｅｒｓ               ｏｆ               ｏｕｒ               ｄｅｂｔ. Ｃｏｎｔｒａｒｙ               ｔｏ               ｐｏｐｕｌａｒ               ｂｅｌｉｅｆ               ｎｅｉｔｈｅｒ               Ｃｈｉｎａ               (8%)               ｎｏｒ               ｔｈｅ               ｃｏｍｂｉｎａｔｉｏｎ               ｏｆ               ａｌｌ               ｍａｊｏｒ               ｃｏｕｎｔｒｉｅｓ               ｉｎ               ｔｈｅ               ｗｏｒｌｄ               ｏｗｎ               ｔｈｅ               ｍａｊｏｒｉｔｙ               ｏｆ               ｏｕｒ               ｄｅｂｔｓ,               Ａｍｅｒｉｃａｎｓ               ｄｏ.                Ｐｒｅｓｉｄｅｎｔ               Ｒｅａｇａｎ               ｃａｍｅ               ｉｎｔｏ               ｐｏｗｅｒ               ｉｎ               1981               ａｆｔｅｒ               ｃｏｎｖｉｎｃｉｎｇ               Ａｍｅｒｉｃａｎｓ               ｔｈａｔ               ｏｕｒ               ｄｅｂｔ               ｗａｓ               ｏｕｔ               ｏｆ               ｃｏｎｔｒｏｌ               ｉｎａｓｍｕｃｈ               ａｓ               ａｔ               ｔｈａｔ               ｔｉｍｅ               ｃｏｍｐａｒｅｄ               ｔｏ               ｎａｔｉｏｎａｌ               ｉｎｃｏｍｅ               ｉｔ               ｗａｓ               ａｔ               ａ               50               ｙｅａｒ               ｌｏｗ. Ｒｅｐｕｂｌｉｃａｎｓ               ａｎｄ               Ｄｅｍｏｃｒａｔｓ               ａｌｉｋｅ               ｖｏｔｅｄ               ｆｏｒ               Ｒｅａｇａｎ'ｓ               ｂｕｄｇｅｔ               ｔｈａｔ               ｌｏｗｅｒｅｄ               ｔａｘ               ｒａｔｅｓ               ｓｕｂｓｔａｎｔｉａｌｌｙ               ｗｉｔｈ               ｔｈｅ               ｂｕｌｋ               ｏｆ               ｉｔ               ｇｏｉｎｇ               ｔｏ               Ａｍｅｒｉｃａ'ｓ               ｍｏｓｔ               ｗｅａｌｔｈｙ               (ｔｒｉｃｋｌｅｄｏｗｎ               ｅｃｏｎｏｍｉｃｓ). Ａｆｔｅｒ               Ｒｅａｇａｎ'ｓ               8               ｙｅａｒｓ               ｔｈｅ               ｄｅｆｉｃｉｔ               ｗａｓ               ｔｒｉｐｌｅｄ. Ｔｈｅ               ｄｅｆｉｃｉｔ               ｇｒｅｗ               ｂｙ               ａｎｏｔｈｅｒ               55%               ｕｎｄｅｒ               Ｇｅｏｒｇｅ               ＨＷ               Ｂｕｓｈ               ａｆｔｅｒ               ｈｅ               ｓａｗ               ｔｈｅ               ｌｉｇｈｔ               ｏｆ               ｆｉｓｃａｌ               ｒｅｓｐｏｎｓｉｂｉｌｉｔｙ               ａｎｄ               ｂｒｏｋｅ               ｈｉｓ               ｎｏ               ｎｅｗ               ｔａｘｅｓ               ｐｌｅｄｇｅ. Ｔｈｅ               ｂｕｄｇｅｔ               ｗａｓ               ｂａｌａｎｃｅｄ               ｕｎｄｅｒ               ｔｈｅ               ｌａｔｔｅｒ               ｙｅａｒ               ｏｆ               ｔｈｅ               Ｃｌｉｎｔｏｎ               Ａｄｍｉｎｉｓｔｒａｔｉｏｎ               ａｎｄ               ｔｈｅ               ｄｅｂｔ               ｗａｓ               ａｃｔｕａｌｌｙ               ｏｎ               ａ               ｔｒａｊｅｃｔｏｒｙ               ｔｏ               ｄｅｃｌｉｎｅ. Ｔｈｅ               ｂｕｄｇｅｔ               ｄｏｕｂｌｅｄ               ｕｎｄｅｒ               Ｐｒｅｓｉｄｅｎｔ               Ｇｅｏｒｇｅ               Ｗ               Ｂｕｓｈ               ａｆｔｅｒ               ｔｗｏ               ｔａｘ               ｃｕｔｓ,               ａｇａｉｎ               ｍｏｓｔｌｙ               ｔｏ               ｔｈｅ               ｗｅａｌｔｈｙ,               ａｔ               ｔｈｅ               ｓａｍｅ               ｔｉｍｅ               ｗｅ               ｗｅｒｅ               ｅｎｇａｇｅｄ               ｉｎ               ｔｗｏ               ｗａｒｓ.                Ａｍｅｒｉｃａ               ｈａｄ               ｉｔｓ               ｌａｒｇｅｓｔ               ｅｍｐｌｏｙｍｅｎｔ               ｇｒｏｗｔｈ               ｕｎｄｅｒ               Ｐｒｅｓｉｄｅｎｔ               Ｃｌｉｎｔｏｎ'ｓ               ａｄｍｉｎｉｓｔｒａｔｉｏｎ               ａｎｄ               ｉｔｓ               ｐｏｏｒｅｓｔ               ｅｍｐｌｏｙｍｅｎｔ               ｇｒｏｗｔｈ               ｕｎｄｅｒ               Ｐｒｅｓｉｄｅｎｔ               Ｂｕｓｈ. Ｔｒｉｃｋｌｅｄｏｗｎ               (ｓｕｐｐｌｙ               ｓｉｄｅ)               ｅｃｏｎｏｍｉｃｓ               ｓｉｍｐｌｙ               ｄｏｅｓ               ｎｏｔ               ｗｏｒｋ               ａｎｄ               ｍｏｓｔ               ｒｅｐｕｔａｂｌｅ               ｅｃｏｎｏｍｉｓｔ               ｗｉｌｌ               ａｄｍｉｔ               ａｓ               ｍｕｃｈ. Ｉｔ               ｆａｉｌｓ               ｅｓｐｅｃｉａｌｌｙ               ｉｎ               ｔｉｍｅｓ               ｏｆ               ｇｌｏｂａｌｉｚａｔｉｏｎ               ｂｅｃａｕｓｅ               ｔａｘ               ｃｕｔｓ               ｔｏ               ｔｈｅ               ｗｅａｌｔｈｙ               ａｒｅ               ｌｉｋｅｌｙ               ｎｏｔ               ｉｎｖｅｓｔｅｄ               ｉｎ               Ａｍｅｒｉｃａ               ｂｕｔ               ｉｎ               ｃｏｕｎｔｒｉｅｓ               ｗｈｅｒｅ               ｇｒｏｗｔｈ               ｒａｔｅｓ               ａｒｅ               ｈｉｇｈｅｒ               ｂｅｃａｕｓｅ               ｏｆ               ｓｌａｖｅ               ｌａｂｏｒ               ａｎｄ               ａ               ｌｏｗｅｒ               ｓｔａｎｄａｒｄ               ｏｆ               ｌｉｖｉｎｇ.                Ｏｖｅｒ               ｔｈｅ               ｌａｓｔ               30               ｙｅａｒｓ               ｗｅ               ｈａｖｅ               ｄｒａｍａｔｉｃａｌｌｙ               ｒｅｄｕｃｅｄ               ｔａｘｅｓ               ｍｏｓｔｌｙ               ｏｎ               ｔｈｅ               ｗｅａｌｔｈｙ. Ｔｈｉｓ               ｒｅｓｕｌｔｅｄ               ｉｎ               ｌａｒｇｅ               ｄｅｆｉｃｉｔｓ               ｔｈａｔ               ａｌｌ               ｔａｘｐａｙｅｒｓ               ａｒｅ               ｒｅｓｐｏｎｓｉｂｌｅ               ｆｏｒ. Ｂｅｆｏｒｅ               ａ               ｐｅｎｎｙ               ｏｆ               ｔａｘｅｓ               ｉｓ               ｕｓｅｄ               ｆｏｒ               ｅｎｔｉｔｌｅｍｅｎｔｓ,               ｄｅｆｅｎｓｅ,               ａｎｄ               ｉｎｆｒａｓｔｒｕｃｔｕｒｅ,               ａ               ｄｉｓｐｒｏｐｏｒｔｉｏｎａｔｅ               ａｍｏｕｎｔ               ｍｕｓｔ               ｆｉｒｓｔ               ｂｅ               ｔｒａｎｓｆｅｒｒｅｄ               ｔｏ               ｍｏｓｔｌｙ               ｔｈｅ               ｗｅａｌｔｈｙ               ｏｗｎｅｒ               ｏｆ               ｔｈｅ               ｄｅｂｔ. Ｎｏｔｉｃｅ               ｔｈｅｙ               ｐｒｏｆｉｔ               ａｔ               ｂｏｔｈ               ｅｎｄｓ               ａｓ               ｔｈｅｙ               ａｒｅ               ａｂｌｅ               ｔｏ               ｋｅｅｐ               ｍｏｒｅ               ｍｏｎｅｙ               ｆｒｏｍ               ｌｏｗｅｒ               ｔａｘｅｓ               ａｎｄ               ｔｈｅｎ               ｐｕｒｃｈａｓｅ               ｔｈｅ               ＵＳ               ｄｅｂｔ               ｗｈｉｃｈ               ｐａｙｓ               ｔｈｅｍ               ａ               ｇｏｏｄ               ｉｎｔｅｒｅｓｔ               ｒａｔｅ               ｏｖｅｒ               ｔｉｍｅ. Ｔｈａｔ               ｉｓ               ｔｈｅ               ｕｌｔｉｍａｔｅ               ｉｎ               ｗｅａｌｔｈ               ｔｒａｎｓｆｅｒ               ｆｒｏｍ               ｔｈｅ               ｍｉｄｄｌｅ               ｃｌａｓｓ               ｔｏ               ｔｈｅ               ｒｉｃｈ.                Ｓａｄｌｙ               Ｒｅｐｕｂｌｉｃａｎｓ               ｈａｖｅ               ｄｅｃｉｄｅｄ               ｔｏ               ｈｏｌｄ               ｔｈｅ               ｍｉｄｄｌｅ               ｃｌａｓｓ               ｈｏｓｔａｇｅ               ａｇａｉｎ. Ｔｈｅｙ               ｗａｎｔ               ｔｏ               ｌｏｗｅｒ               ｔｈｅ               ｄｅｆｉｃｉｔ               ｓｏｌｅｌｙ               ｂｙ               ｌｏｗｅｒｉｎｇ               ｓｐｅｎｄｉｎｇ. Ｉｎ               ｏｔｈｅｒ               ｗｏｒｄｓ               ｔｈｅ               ｒｅａｌ               ｇｅｎｅｓｉｓ               ｏｆ               ｔｈｅ               ｂｕｄｇｅｔ               ｄｅｆｉｃｉｔｓ               ｗｅｒｅ               ｃａｕｓｅｄ               ｂｙ               ｔａｘ               ｃｕｔｓ               ａｎｄ               ｐｏｌｉｃｉｅｓ               ｔｈａｔ               ｂｅｎｅｆｉｔｔｅｄ               ｔｈｅ               ｗｅａｌｔｈｙ               ｂｕｔ               ｔｈｅ               ｐａｉｎ               ｏｆ               ｃｌｏｓｉｎｇ               ｔｈｅ               ｇａｐ               ｍｕｓｔ               ｂｅ               ｄｏｎｅ               ｏｎ               ｔｈｅ               ｂａｃｋｓ               ｏｆ               ｔｈｅ               ｍｉｄｄｌｅ               ｃｌａｓｓ. Ｔｈｅ               ｒｈｅｔｏｒｉｃ               ｍｕｓｔ               ｎｏｔ               ｂｅ               ｂｅｌｉｅｖｅｄ. Ｗｈｉｌｅ               ｗｅ               ｍｕｓｔ               ｒｅｍｏｖｅ               ｗａｓｔｅ               ｆｒｏｍ               ｏｕｒ               ｅｎｔｉｔｌｅｍｅｎｔ               ｐｒｏｇｒａｍｓ               ｏｕｒ               ｒｅａｌ               ｐｒｏｂｌｅｍ               ｉｓ               ｔｈａｔ               ｏｆ               ｔｏｏ               ｌｏｗ               ａ               ｔａｘ               ｒａｔｅ               ｏｎ               ｈｉｇｈｅｒ               ｉｎｃｏｍｅｓ. Ｗｈｅｎ               ｔｈｅ               ｔｏｐ               1%               ｇｅｔｓ               ｍｏｒｅ               ｔｈａｎ               20%               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｉｎｃｏｍｅ               ａｎｄ               ｏｗｎｓ               ｍｏｒｅ               ｔｈａｎ               40%               ｏｆ               ａｌｌ               ｏｆ               ｔｈｅ               ｃｏｕｎｔｒｙ'ｓ               ｗｅａｌｔｈ,               ｔｈｅｒｅ               ｉｓ               ａ               ｐｒｏｂｌｅｍ.                Ｗｈｉｌｅ               ｉｔ               ｉｓ               ｔｒｕｅ               ｔｈａｔ               2%               ｏｆ               Ａｍｅｒｉｃａｎｓ               ａｒｅ               ｒｅｓｐｏｎｓｉｂｌｅ               ｆｏｒ               ａ               ｓｕｂｓｔａｎｔｉａｌ               ｐｏｒｔｉｏｎ               ｏｆ               ｔａｘｅｓ               ａｎｄ               ｌｅｓｓ               ｔｈａｎ               60%               ｏｆ               Ａｍｅｒｉｃａｎｓ               ｐａｙ               ｆｅｄｅｒａｌ               ｉｎｃｏｍｅ               ｔａｘｅｓ               (ｔｈｏｕｇｈ               ｔｈｅｙ               ｐａｙ               ｓｏｃｉａｌ               ｓｅｃｕｒｉｔｙ,               Ｍｅｄｉｃａｒｅ,               ｓｔａｔｅ,               ａｎｄ               ｏｔｈｅｒ               ｔａｘｅｓ)               ｏｎｅ               ｍｕｓｔ               ａｓｋ               ｗｈｙ. Ｉｔ               ｉｓ               ｎｏｔ               ｔｈａｔ               ｔｈｅ               ｔｏｐ               2%               ｉｓ               ｔａｘｅｄ               ｔｏｏ               ｈｉｇｈ;               ｉｔ               ｉｓ               ｔｈａｔ               ｔｈｅｙ               ｏｗｎ               ｍｏｓｔ               ｏｆ               ｔｈｅ               ｗｅａｌｔｈ               ａｎｄ               ｉｎｃｏｍｅ. Ｔｈｅｙ               ｄｏ               ｎｏｔ               ｏｗｎ               ｍｏｓｔ               ｏｆ               ｔｈｅ               ｗｅａｌｔｈ               ａｎｄ               ｉｎｃｏｍｅ               ｂｅｃａｕｓｅ               ｔｈｅｙ               ａｒｅ               ｍｏｒｅ               ｐｒｏｄｕｃｔｉｖｅ               ｔｈａｎ               ｔｈｅ               ａｖｅｒａｇｅ               ｍｉｄｄｌｅ               ｃｌａｓｓ               Ａｍｅｒｉｃａｎ. Ｔｈｅｙ               ｏｗｎ               ｔｈｅ               ｗｅａｌｔｈ               ｂｅｃａｕｓｅ               ｏｆ               ａ               ｓｔｒｕｃｔｕｒａｌ               ｄｅｆｅｃｔ               ｉｎ               ｏｕｒ               ｅｃｏｎｏｍｙ               ａｎｄ               ｈｏｗ               ｗｅａｌｔｈ               ｇｒｏｗｓ,               ｈｏｗ               ｗｅａｌｔｈ               ｉｓ               ｅａｒｎｅｄ,               ａｎｄ               ｈｏｗ               ｗｅａｌｔｈ               ｉｓ               ｔｒａｎｓｆｅｒｒｅｄ. Ａｆｔｅｒ-ａｌｌ               ｔｈｅ               ｍｉｄｄｌｅ               ｃｌａｓｓ               ｐａｙｓ               ｓｏｃｉａｌ               ｓｅｃｕｒｉｔｙ               ｔａｘｅｓ               ｏｎ               ａｌｌ               ｔｈｅｉｒ               ｉｎｃｏｍｅ               ｗｈｉｌｅ               ｔｈｅ               ｗｅａｌｔｈｙ               ｄｏ               ｎｏｔ. Ｔｈｅ               ｗｏｒｋｉｎｇ               ｐｅｒｓｏｎ               ｐａｙｓ               ｕｐ               ｔｏ               35%               ｏｆ               ｔｈｅｉｒ               ｉｎｃｏｍｅ               ｉｎ               ｆｅｄｅｒａｌ               ｔａｘｅｓ               ｗｈｉｌｅ               ｔｈｅ               ｉｎｖｅｓｔｏｒ               ｐａｙｓ               ｏｎｌｙ               15%               ｏｎ               ｈｉｓ               ｃａｐｉｔａｌ               ｇａｉｎｓ.                Ｔｈｅ               ｐｏｉｎｔ               ｉｓ               ｗｅ               ｃｒｅａｔｅｄ               ａｎ               ｅｃｏｎｏｍｙ               ｔｈａｔ               ａｓｓｉｇｎｓ               ｗｏｒｔｈ               ａｒｂｉｔｒａｒｉｌｙ               ａｎｄ               ｉｆ               ｏｎｅ               ｌｏｏｋｓ               ａｔ               ｖａｌｕｅ               ｔｏ               ｓｏｃｉｅｔｙ               ｔｈｏｓｅ               ｔｈａｔ               ｃｏｎｔｒｏｌ               ｃａｐｉｔａｌ               ａｒｅ               ｔｈｅ               ｌｅａｓｔ               ｖａｌｕａｂｌｅ               ｙｅｔ               ｔｈｅｙ               ａｒｅ               ｔｈｅ               ｗｅａｌｔｈｉｅｓｔ. Ｙｅｔ,               ｏｕｒ               ｔｅａｃｈｅｒｓ               ｗｈｏ               ａｒｅ               ｔｈｅ               ｆｏｕｎｄａｔｉｏｎ               ｏｆ               ｏｕｒ               ｎａｔｉｏｎ               ａｎｄ               ｔｈｅ               ｍｉｄｄｌｅ               ｃｌａｓｓ               ｍｕｓｔ               ｆｉｇｈｔ               ｆｏｒ               ｔｈｅｉｒ               ｗｏｒｔｈ.                Ｍｙ               Ｂｏｏｋ:               Ａｓ               Ｉ               Ｓｅｅ               Ｉｔ:               Ｃｌａｓｓ               Ｗａｒｆａｒｅ               Ｔｈｅ               Ｏｎｌｙ               Ｒｅｓｏｒｔ               Ｔｏ               Ｒｉｇｈｔ               Ｗｉｎｇ               Ｄｏｏｍ                               Ｂｏｏｋ'ｓ               Ｗｅｂｐａｇｅ:               ｈｔｔｐ://ａｍｚｎ.ｔｏ/ｄｔ72ｃ7               -               Ｔｗｉｔｔｅｒ:               ｈｔｔｐ://ｔｗｉｔｔｅｒ.ｃｏｍ/ｅｇｂｅｒｔｏｗｉｌｌｉｅｓ                               Ｂｌｏｇｓ:               ｈｔｔｐ://ＥｇｂｅｒｔｏＷｉｌｌｉｅｓ.ｃｏｍ               -               ｈｔｔｐ://ＰｏｌｉｔｉｃａｌＴｒｕｔｈｓ.ｉｎｆｏ

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National Debt Year to Year National Debt Chart by Year National Debt by Year Table National Debt Numbers by Year Us Debt by Year Graph Government Debt Chart Historical National Debt by Year 2013 U.S. Debt