When did the US get in such a deep, deep, deep debt?

sorry but bush jr didn’t create the debt. our national debt has been past the billion dollar mark for quite a few years- i looked at a chart that went back to 1940 where our debt was 2.9 billion dollars- adjusted for inflation it is 43.935 billion. we hit 1.5 billion in 1927, as a matter of fact in 2001 we had a surplus of 127.3 billion dollars- so if you need to truly blame someone for the increase in our debt blame BIN LADEN, he knew what he was doing when he attacked the WORLD TRADE CENTER. the war on t*error is a part of the debt which is necessary for the worlds safety, take away the world trade center attack and who knows how long that surplus would have lasted. we were running a large amount of debt in the clinton years as well- 1992- 290.4 billion, 1993- 255.1 billion, 94- 203.2 billion, 95- 164 billion, by 2000 it was back up to 236.4 billion.

currently we are at 1650 billion dollars since obama has taken over. so lets compare the highest debt that bush had during his presidency- 455 billion in 2008 and prior to that it was 413 billion- now where near where president obama has us.

I just have to ask, where did you get these figures? According to an article I read, the U.S. had over $9 trillion in debt as of September 2008. Also according to the article, that was the highest ever debt increase under any president (http://funadvice.com/r/14us4ji2sbt. According to some sources, when Bush Jr. left office, he left over $10 trillion behind. Also, your current debt figures are wrong. We are actually over $14 trillion in debt, according to the U.S. National Debt Clock.

I’m not saying Obama’s completely innocent here, as many of his policies have failed to show results. Bush Jr. may not be the cause of the debt, but he definitely had something to contribute. And if there was a surplus in 2001, it definitely wasn’t his doing, but actually a leftover from the CLinton era. I’m only saying that you seem to be placing the blame on our current president, when he in fact inherited the problem.

This has started way back then, before we were born. It just keeps getting worse and worse mainly, because of the wars, rebuilding the cities in foreign countries that get damaged by the wars, supporting illegal immigrants. Do u know that just one city spends over 3 million dollars a month on free medical for people that arent even U.S. citizens. There r a whole lot of other reasons y our country is in debt, but its basically a combination of a lot of things and we can never seem to recover from a debt, before we have to chuck out more money. Its alot like peoples house holds.

The increasing debt is a sign of the untenable bubble directly caused by the debt based monetary system of the United States. Since the adoption of the Federal Reserve Bank and the subsequent dropping of representative money in favor of a fiat enforcement… the national debt has been on a steady rise. The debt bubble has risen to such proportions that it becomes increasingly unwieldy. Imagine a wagon being pushed and pulled up and down hills… as the cargo increases… it requires a much more subtle approach to keep the wagon from careening out of control. Too much borrowing and there is a risk of hyperinflation… too little and the risk of stagflation. A debt based economy can only work as long as people are willing to borrow money… and the reverse… a debt based currency is impossible to repay entirely. As the central bank charges interest on the money it creates and loans… there will never be enough money in circulation to repay what is owed. So we continue down a road of about a 3% inflation rate annually… which is good for banks… not really good for workers… but as our debt increases… maintaining even this inflation becomes gradually harder to accomplish. Wars help to stimulate the economy and to keep the bubble from bursting… and this is part of the reason that since the Federal Reserve has been around… we continue to go to war. Still… the debt bubble doesnt go away… it only gets bigger. The collapse of the bubble is inevitable… and when it finally happens… or before that… we have to fundamentally change our monetary system and revert back to a specie backed representative currency.

To wit… no president is directly responsible for the debt… they are all equally culpable for the debt. Except for Kennedy who in the summer of 1963 issued executive order 11110 that returned the issuance of currency back the the US Treasury with the US silver certificate. The certificate was redeemable in silver and no debt was created when the bills were put into circulation. This directive would have ruined the Federal Reserve. He was assassinated in November of that year. Upon taking office… President Johnson immediately stopped the issuance of US silver certificates. I believe a correlation can be drawn there.

Here is a video primer to help understand exactly how this debt based system has engorged society with puffery instead of value. The ruse will continue to be played until we all understand it.