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**BopeDolaNeone** · 03-17-2006, 01:04 PM

I just saw this come up. How long will it take us to pay this off? What's the best way to reduce spending? This is out of control.

What appears to be most significant is that US Gross National Debt has increased by 50% since GWBush took office.

And by so doing, the USA has lost their #1 least-debted nation position to their friendly neighbours to the north... Canada has spent the last ten years paying down our national debt - we reached parity with the USA this year, and as of the end of this year, Canada overtakes the USA for the first time for 'least-debt' nation (I'm only comparing western nations).

I see no optimism for the future here. The lead edge of the Baby Boomers has just turned 60 years old... that powder keg is getting ready to explode your entitlement programs - Medicare more than anything else.

USA may be better placed to deal with this than Japan, France or Germany, but still, the USA is going to have some big nasty choices to make...

03-17-2006, 01:04 PM	#2
BopeDolaNeone Join Date Oct 2005 Posts 402 Senior Member	I just saw this come up. How long will it take us to pay this off? What's the best way to reduce spending? This is out of control. What appears to be most significant is that US Gross National Debt has increased by 50% since GWBush took office. And by so doing, the USA has lost their #1 least-debted nation position to their friendly neighbours to the north... Canada has spent the last ten years paying down our national debt - we reached parity with the USA this year, and as of the end of this year, Canada overtakes the USA for the first time for 'least-debt' nation (I'm only comparing western nations). I see no optimism for the future here. The lead edge of the Baby Boomers has just turned 60 years old... that powder keg is getting ready to explode your entitlement programs - Medicare more than anything else. USA may be better placed to deal with this than Japan, France or Germany, but still, the USA is going to have some big nasty choices to make...
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