Why are We in Debt

Debt is not inherently bad or dangerous. There are times when it is appropriate and necessary such as borrowing for income producing purposes greater than the cost of the debt or borrowing become necessary due to unforeseen events.

Debt becomes bad and dangerous when borrowing is due to Elected Politicians’ mismanagement, the mismanagement continues and there is no appetite or ability by the Elected Politicians to properly manage the US’s finances.  Elected Politicians have continuously placed their interest ahead of yours, have grossly mismanaged the US finances and have no cap on borrowing that they can’t keep increasing.

Since the Revolutionary War, the U.S. has incurred debt at various amounts. With the exception of the years after World War II, the amount of debt has been manageable, relative to the US’s ability to service the interest on the debt and maintain it at economically prudent levels. A globally accepted formula to measure “economically prudent level” is Debt to the Gross National Product (the value of all goods and services of the country) or Debt to GDP.

This website is not intended to debate in minutia – that’s how Elected Politicians do it which results in no results!

The real Debt problem in the U.S. started in the early 1980’s.  Following is a brief summary of what happened to US Debt by Administrations:
Reagan (1981 to 1989) –

G.H. Bush (1989 to 1993) –

Clinton (1993 to 2001) –

W. Bush (2001 to 2009) –

Obama (2009 to 2017) –

Trump (2017 to  ? )