National Debt

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What problems will a soaring National Debt cause in the future?

What is the difference between the US budget deficit and the US national debt?

They are the same thing.

The national debt is the yearly amount the US goes into debt and the budget deficit is the over all accumulation of that debt.

The budget deficit is the yearly amount the US goes into debt and the national debt is the over all accumulation of that debt.

Do you believe the National Debt has a long term effect on the well being of this nation?

Yes

Not Sure

What is the national debt at this time?

$400 billion

$1 trillion

$4 trillion

$8 trillion

$12 trillion

What was the US National debt in 1975?

There was no debt

$500 billion

$2 trillion

$4 trillion

The war in Iraq has cost over $200 billion over last three years, about $70 billion a year. The budget deficits have been over $300 billion a year for the same time period. Where is the other $230 billion going?

Out of control tax cuts and spending without regard for future generations.

Tax cuts needed to help the economy and needed spending

What fiscal responsibility do we have for future generations?

They will need to look out for themselves

We should be fiscally responsible in order that they are not saddled with our debt.

We should do the best that we can, but we have a war going on.

How do you view tax cuts that cause the national debt to increase?

They are needed to help the economy

They are not tax cuts they are deferred taxes, since future generations will have to pay for our spending.

They should only be used when coupled with spending cuts.

This poll was created on 2006-03-22 14:57:09 by RickB