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June 4th, 2010
06:00 PM ET

How much do you worry about $13-trillion federal debt?

FROM CNN's Jack Cafferty:

If this doesn't scare you, it should:

Our national debt is increasing at the rate of $5 billion a day and has now passed a record $13-trillion. Since President Obama has taken office, the debt has increased $2.4-trillion in less than 17 months. Staggering.

 FILE PHOTO: A shot of the National Debt Clock on July 13, 2009.
FILE PHOTO: A shot of the National Debt Clock on July 13, 2009.

We are in a fiscal crisis every bit as serious as the environmental crisis in the Gulf. And the implications are even more dire.

It doesn't really matter whose fault it is. And blaming someone doesn't make it all right. We, the taxpayers, are the ones who will have to pay.

A piece on CNNMoney.com called "Why U.S. Debt Matters to You" describes how this burden won't only fall on future generations - it will affect all of us.

Several problems could happen sooner rather than later, including slower economic growth and higher interest payments.

Some say if something isn't done soon, the U.S. could face a debt crisis in as few as five years. But nothing is being done; and nothing probably will be. See, there is an election in November and the gutless people we elect to run the country won't do anything until after that - if they even do anything then.

The president has appointed a commission to study the problem. It's pretty much worthless - has absolutely no power to change anything... just make recommendations which aren't due until December.

How many $5-billion-dollar days is that?

Meantime the country is like one of those Toyotas with the accelerator stuck... going faster and faster straight for disaster. And nobody cares.

Here’s my question to you: How much do you worry about the $13-trillion federal debt?

Interested to know which ones made it on air?

Lance in California writes:
Jack, I worry a LOT! I look around the world today and see country after country on the verge of collapse: Greece, Spain, Italy, Hungary. They are falling like dominos, and every one of them is the result of excessive spending/uncontrolled deficit. Many of our cities and states are on the verge of bankruptcy, and if they go down, the entire country will follow soon. Frightened is an understatement, because I do not see the government doing anything to stop the excesses.

Gary in Michigan writes:
I worry less about the debt than the revolution and rioting it will bring if something is finally done about it. You said it in your piece: nothing is being done and nothing will be done during an election year. That is because of the backlash we the American people will create when we don't get our goodies. So is it the government that is dysfunctional or is it the people who are dysfunctional and spoiled? It is both.

Ron writes:
Sadly, one answer to your question is that many are not at all worried about this massive federal debt as they can only see what the government has and will do for them.

Robert writes:
I worry a lot. I am a recently retired baby boomer with a finite nest egg. I worry every day if our escalating national debt will result in rampant inflation which will wipe out that nest egg. My financial advisers are useless because they don't know what to do. It's really scary!

Brandon writes:
I worry about the national debt every day. Money is power, the world is headed for some dark times, and as the debt rises the U.S. is going to lose its power to foster, support, and enforce Western values that have served civilization for the last two hundred years.

Tom in Olean, New York writes:
The $13 trillion federal debt scares me every time I on turn on the television or open a newspaper. But every time I hold my grandchildren and wonder what it will do to their lives, it horrifies me. It has to stop somewhere.

Eugene in Richmond, Virginia writes:
Jack, Welcome to the club. We enjoy drinking tea during the Situation Room.


Filed under: Uncategorized
soundoff (254 Responses)
  1. Mark

    Why would anyone worry about a bill that is so huge that it could never be paid off? And, if it somehow did get paid off, how long do you think it would take the government to use the paid off credit card to run up another 10 Trillion dollar debt?

    June 4, 2010 at 2:21 pm |
  2. CRAIG R. MCNEES

    tampa, fl i wasn't really all that worried when the national debt was only $13 trillion, but I became worried about when this debt in reality surpassed $100 trillion in 2008. kinda like when you find the checkbook and bank statement your wife has been hiding. our politicians have done the same thing.

    June 4, 2010 at 2:34 pm |
  3. Rick Medina,OH

    Jack,

    Kings and queens and governments of all kinds have repudiated their debts for centuries. In the modern world we do it a bit differently ... we allow periods of high inflation. Thirty years ago, we nearly halved the real value of our national debt this way, and we'll probably do it again. What is sad is that just before 'W' took office, it looked like the U. S. government had its finances under some semblance of control.

    Rick,
    Medina,OH

    June 4, 2010 at 2:36 pm |
  4. naqibham

    Bush raised it 4.5 Trillion over 8 years

    The scary thing is Obama added 3 Trillion in 18 Months

    Both parties have to stop! We owe 60K per person (children included) in debt... if you live in Califinia add another 60K per man/women/child for state debt....

    HAS TO STOP

    June 4, 2010 at 2:37 pm |
  5. honest john in vermont

    What's to worry about Jack? $13,000,000,000,000.00 is just a tiny drop in the bucket. WWe can afford it. Didn't Congress teach you that? I'll start worrying at $15 Trillion which should be in just a ...few months.

    June 4, 2010 at 2:46 pm |
  6. Russ in PA

    This is a terrible burden for the average American. Sure, the politicians will paint over the issue, but the check will come due, and what we've seen in Greece, France, and elsewhere will surely be displayed in the USA. The country is broke, people, and Ron Paul has been trying to explain the dangers of the FED and government spending for forty years. Y'all gonna find out the hard way that Paul was right...

    June 4, 2010 at 2:46 pm |
  7. Tony from Southport

    I'm 67 years old and the only worry I have is that my daughter and my grandson will have to pay for the spending of this administration. It's too bad that we can't have all those who voted for Obama pay the bill and let the rest of us enjoy ourt conservative lifestyles.

    June 4, 2010 at 2:48 pm |
  8. Michele

    I know it is 13 trillion more then I have since the the job crisis.
    Just wanted to take this time to Thank our eleted officals that get to eat everyday. Michele KS

    June 4, 2010 at 2:48 pm |
  9. Tom, Avon, Me, The Heart of Democracy

    I worried about it when Bush took us from Clinton's surplus to a record deficit. Now Democrats are back in office. From WWII to 2008 Democratic administrations added 3% to the national debt. In that same period Republican administrations added 10% to the national debt. Too late to worry now. We're out of the ditch and Republicans aren't getting the keys back any time soon, trust me.

    June 4, 2010 at 2:50 pm |
  10. JIM El Paso Tx

    I don't worry about it at all Jack. My worry is if my meager paycheck will be enough to cover our expenses for the next two weeks. To me $13 trillion is just an abstract number which just as easily could have been a buck:)

    June 4, 2010 at 2:51 pm |
  11. Greg in Cabot, AR

    Not much worry here about the $13 trillion federal debt.

    Trying to live on unemployment where $13 dollars might mean the difference between 5 gallons of gas for the car or 4 gallons of milk for the family is something a bit more pressing for me.

    June 4, 2010 at 2:53 pm |
  12. Michael D. Knox

    Yes, because of the price my children and grandchildren will have to pay. And, every day we go more in debt due to Obama's wars. It has become hopeless, just like the onging oil spill.

    Michael D. Knox
    TAMPA, FL

    June 4, 2010 at 2:53 pm |
  13. james wardlaw

    Jim in Mich.

    Not much vs the % of GNP. Better than most western countries. Created by the last three Republican Presidents ( yes, even St Reagan left 3 trillion and a bigger government) and now the Tea Jerks want the same people back in power. Our system no longer works, we need a benevolent King.

    June 4, 2010 at 2:54 pm |
  14. Maria

    I have no time nor energy to worry about the federal deficit. I'm trying to pay my bills and feed my dogs, and once in awhile get a real meal for myself. Oh, and I'd like to get a couple teeth fixed before I'm too old to care.

    I'm not selfish, I'm just surviving.

    Maria

    Brunswick,MD

    June 4, 2010 at 2:55 pm |
  15. Kevin in Dallas

    I'm not as worried about the debt as much as the fact that it's growing. In my opinion, voting for a budget with a deficit should be a felony.

    June 4, 2010 at 2:55 pm |
  16. pat in michigan

    Not as much as I worry about our children in the service overseas.Besides It will all get better just as soon as the Republican Party gets in charge like in the last administration.lol!

    June 4, 2010 at 3:05 pm |
  17. Ed Fazio, AZ

    Enough Jack, to Say we Need to Vote Out All Incumbents, Regardless of Party Affiliation. That is the Only Way I Can See to Make the Message Clear. For the Record, I am NOT a Member of the Tea Party Revolt. Just an Old Man Fed Up With "Politicians."

    June 4, 2010 at 3:07 pm |
  18. Chris in Philadelphia

    I am a med student who finds my $250000 education oppressive to try to pay down, this multi-trillion dollar disaster of deficit is impossible to comprehend let alone pay off. Huge service cuts or tax increases or both are on the horizon.

    June 4, 2010 at 3:07 pm |
  19. Paul Austin, Texas

    Not much because there is not much you or I can do about it. We can vote people in that are for a balanced budget yet when most get in what happens is the forget and spend like mad hatters. The U. S. made a real big mistake by not getting of the gold standard to back our dollar. That was the first but no only mistake after that mistake our government has run on mistakes no matter what party was in charge. Maybe we should change our system so no party is in charge.
    Elect one Republican and one Democract for each seat in the house and senate. Also run a mixed ticket for President one Democract with a Republican as V.P. and the other side a Republican for President and a Democract as V.P. They will never stop the spending in D.C. unless a major change in the whole system is made.

    June 4, 2010 at 3:08 pm |
  20. Bizz Quarryville, Pennsylvania

    Jack I learned a long time ago not to worry about things I cannot control. But one thing I do know, if something isn't done soon about our national debt, my children and grandchildren will suffer tremendously. It seems that no matter who is voted into office pork barrel spending continues. The only thing that both parties can agree on, with an overwhelming majority is going to war . Politics and getting reelected comes first in Washington today. Our children and grandchildren future and the national debt is only mention in campaign speeches.

    June 4, 2010 at 3:09 pm |
  21. William Joseph Miller

    Yeah I worry about the national debt. I also worry about the destruction of the planet. I worry about the debts that college students have to pay and I worry about the lack of jobs.
    Truth told. There's only one way to get more jobs. Create a large stimulus program. And that's nothing new. Reagan solved the unemployment problem in the 80's by super-sized defense budget. He paid the debt by giving tax cuts for the rich and cutting programs that helped the poor. So don't tell me that government spending doesn't solve problems.
    If we're serious about the national debt then let's eliminate all the tax breaks that wealthy corporations and the rich enjoy. Giving tax breaks to hedge funds does not boost employment. Nor does giving tax breaks to the rich. Yeah, they throw more parties, but they also hire undocumented immigrants to work in the back kitchen. Given the choice between providing quality jobs for American working families and off-shoring jobs overseas, whom do the rich favor?
    So if we want to pay off the national debt, let's invest more in our infrastructure, both human and physical. There's still a lot to be done. This will generate quality jobs which will boost the economy. Let's give more tax breaks to small businesses. And let's pay for it by higher taxes for the rich. Less money for the rich means less money for lobbyists and less money for campaign contributions. All the rich do with their tax cuts is pollute the environment and corrupt the government.

    June 4, 2010 at 3:10 pm |
  22. Richard, in Kansas

    Deficits don't matter, Dick Cheney said so himself when he was helping to lay the groundwork for our biggest financial collapse since the Great Depression. The current deficit spending is getting us out of the mess republicans created the same way FDR's New Deal got us out of the mess he inherited.

    June 4, 2010 at 3:13 pm |
  23. oldfuzz

    Not at all. Our debt is about 52% of GDP compared to 190% for the UK, 80% for France and Germany.

    What I'm worried about is our unwillingness to move our health care system into the twenty first century. Consider these facts:

    We spend about 16% of GDP on health care versus 9 to 11 % for other modern countries.

    Some 45,000 Americans died last year because they did not have health care.

    Some 900,000 Americans declared personal bankruptcy last year because of medical bills they could not pay.

    We have a fourth class health care system and believe the to con artists who say we're the best.

    Las Cruces, NM

    June 4, 2010 at 3:15 pm |
  24. Michael, Alexandria, VA

    Quite a bit, Jack, because I am a tax geek. A large chunk of the debt is not held by the public, but by government trust funds for the retirement of people like me. As long as progressive income taxes on the wealthy are high enough to pay it back by the time I retire in 15 to 20 years, I have no worries at all.

    June 4, 2010 at 3:16 pm |
  25. Jayne

    I don't worry about it at all. If Washington wanted to turn things around, they could. They could end our involvement in Iraq and Afghanistan and save mountains of money. They could raise taxes so our expenses would actually be paid for rather than put on the Chinese credit card. They could renegotiate trade agreements and return good-paying jobs to our shores so more revenue would be collected from earnings and less would be paid out in government benefits. They could stop the hiding of profits by American companies and take the corporations off the government welfare rolls. Of course, the Republican answer is let grandma eat cat food and beg for medical care so nothing will ever get done.

    June 4, 2010 at 3:17 pm |
  26. Larry from Georgetown, Tx

    Not to worry Jack, at the current rate of spending and tax cuts that the party of NO wants, it will be $20 trillion in a few years and then we had better learn to speak Chinese.

    June 4, 2010 at 3:18 pm |
  27. JENNA

    How much do you worry about the $13-trillion federal debt?

    I don't worry about it at all Jack. Why, because no one on either side of the aisle worried about it while they spent us into oblivian.

    Is there anything that I can do about it? NO

    So why worry.

    Jenna
    Roseville CA

    June 4, 2010 at 3:19 pm |
  28. Jane Krummel

    Neither party have worried about it much (except for that period of time in the Clinton Admin when we had surpluses) for decades, what good dows it to to worry about something that the everyday American has little control over.

    June 4, 2010 at 3:22 pm |
  29. Greg, Ontario

    The fact that about 80% of our economy is based on trade with America and that our dollar is only a couple of cents away from parity means it scares the hell out of me.
    Don't get me wrong Jack, I can't think of another country I would rather have as a freind and neighbour to Canada but you guys really have to get your act together and stop letting your politicians and Corporate leaders run that wonderful country of yours into the ground. The answers to your problems are so obvious and easy to inact it should take weeks to fix not decades.
    Fix these few and you fix America.
    1) Freeze all new spending on the Federal level until you can see what you can afford from incoming taxes.
    2) Make lobbying people in office against the law period. Government contracts are bid on and cost overuns are eaten by the bid winner. Companies found to give substandard work or products will never be allowed to bid again. Only American companies with American employees are allowed to bid on federal contracts.
    3) Close all foreign military bases in other countries unless they are will to pay the cost of keeping it open plus 10%.
    4) Mexican Border..Build a tower every thousand yards and arm it with Marines given the order to shoot on sight anyone trying to sneak into the US (no need for a fence). Showing a proof of citizenship should be a sorce of pride by the way not a sorce of anger or an attack on your human rights.

    These few ideas alone can help with the debt but first and foremost Jack you have to save the environment under attack by BP Oil. All my prayers America.

    June 4, 2010 at 3:24 pm |
  30. Frank

    Hi Jack,
    The debt can be fixed. Canada was in the same situation in the 90's.
    My big concern is the attitude of the right wing nuts led by Fox Faux News. Taxes can be a positive thing if properly spend. Like for better
    education, health care for all, and infrastructure that benefits all.
    What is needed is a consumption tax. Man, that would go a long way to solving a lot of problems.It might even slow down the Chinese economy and pay down the debt.

    June 4, 2010 at 3:31 pm |
  31. Michael "C" Lorton, Virginia

    Jack: If you cannot solve the problem, then what is the use of worrying? Worry never fixes anything-–it is interest on trouble that hasn't happen yet--and believe me--it is coming. At this point of my life-–I don't have enough years to worry--but my children-–grandchildren should begin to get an early start-–but then again--worry never fixes anything.

    June 4, 2010 at 3:39 pm |
  32. ken from connecticut

    I don't worry about it at all. Everyone knows ( or almost everybody ) that this debt will never be repaid. Our President and Congress knows this too. They are not worried about spending money we do not have. They ( our gov't and the other countries gov'ts ) know, or are going to know soon, that there will be a world wide economic collapse and a new system put in place. They are planning for it. Can you see the small changes taking place now? Don't we all have a sense that things just aren't right?

    June 4, 2010 at 3:40 pm |
  33. frankie

    It's just numbers. We've been in debt before and we've been strong before. All we have to fear is fear itself, and there are plenty of fear-mongerers around. I would rather follow the example of a President who wants to work hard and work smart and solve problems.

    June 4, 2010 at 3:40 pm |
  34. Conor in Chicago

    Not at all. The world economy couldn't thrive with the US. It's in everybody's interest to keep us afloat. We have the strongest military in the world and are not afraid to use it. Hell, there's story out just today about how Iran is converting 45 billion of its Euro's into Dollars. You don't do that if you are about the economic viabilty of a nation.

    Everybody needs to calm down. Calm...down.

    June 4, 2010 at 3:42 pm |
  35. KDS Irvine, CA

    We're all doomed Jack,
    my generation and my kids one day will have to pay the price because Congress got drunk and went on a spending spree. I've accepted it, and it makes no sense to blame others for it because it won't change anything. I've learned that when it comes to the federal government's spending, we the tax payers are going to have to "bend over" and make it easy for them because that's exactly what their going to do to us anyway.

    June 4, 2010 at 3:43 pm |
  36. Jerry Jacksonville, Fl.

    At my age my only worry is for my children and grandchildren who will be burdened with this mess that our idiots in congress have gotten us into.Being interested in themselves only they could care less is their children and grandchildren have to pay for the mess they put them in.

    June 4, 2010 at 3:43 pm |
  37. Mark Northern PA

    Again Jack why are you surprised? It's been clear for the past two years that in order to keep the economy from total collapse we would have to do some big bailouts and stimulus packages, and that the Debt would rise but we would have to wait a little before we could adress it. The answer is to get along better in the world so we don't spend so much on wars and defence, its been over eight years with two wars going and we can't afford them. Defense speading killed the Soviet economy and it will kill ours.

    June 4, 2010 at 3:44 pm |
  38. ken from connecticut

    Oh, that new system? How much privacy do you think you are going to have? Who is going to be in charge of your life? You or the government? How many old timers think that things are getting better?

    June 4, 2010 at 3:47 pm |
  39. Ed from California

    I don't worry about at all. It's the Communist Chinese who are worried. Soon the USofA will be in bankruptcy court trying to save the White House from being turned into a Super Walmart. How's that deregulation working for ya!

    June 4, 2010 at 3:47 pm |
  40. Randy from Salt Lake City

    I don't worry at all. In fact, I can't wait till this country goes belly-up. When we can't survice our debts to the rest of the world and the world finally realizes that the dollar is worthless paper, then maybe the days of killing brown people for filthy rich corporations' profits, ruthless banksters' profits and Israel will be over.

    June 4, 2010 at 3:51 pm |
  41. Tina Tx

    Don't worry bout stuffy you cannot change. I will vote the ones who created these mess out come Nov.

    June 4, 2010 at 3:51 pm |
  42. Mike Adam

    I worry about the federal deficit everyday and the way that it may affect my 12 year old boy. I worry that his future will not be a prosperous as that of ours or our parents. And sooner or later, likely later, we will need to address the danger of having an entitlement government. I believe in the common good, but I also believe in common sense.

    June 4, 2010 at 3:54 pm |
  43. Dave, Brooklyn, NY

    I’m not the least bit worried about it for myself. I expect to be dead by the time China demands payback. But I am concerned about my grandchildren. I shudder at the thought of the hellish life they may have to live, never knowing what a great country we once were and how good things used to be. (Don’t even think about the rose colored glasses – life was demonstrably better 40+ years ago.) I love my offspring more dearly than words can express, but I am wracked with the guilt that they may one day live in servitude and there isn’t a damned thing I can do about it.

    June 4, 2010 at 3:56 pm |
  44. JOE CE

    No use worrying about something that you virtually no power to deal with. No throwing out incumbents is not aq solution. Here's my suggestion: Enact a balanced budget act to eliminate deficitspending in ten years. Set-up a non-profit fund to retire the debt, authorize fund raising drives twic a year. If he budget projects more than a ten percent deficit, then earning would be trinveste. If the budget is within 10%, one half the earnings appliede and the remainder reinvested. Management expenditures limitedto 5% of earnings.

    June 4, 2010 at 4:00 pm |
  45. beenee bruce Canada

    ....I.Iive in Canada ,but lived in Houston Tex. for over 18 years and loved the USA ..but not anymore .
    .Unfortunately my son and grandchildren still live there..so I stay interested in US issues.
    .Tthe average person does not worry about the national debt... wasn't it Bush who said .".so what??.".....it is an abstract concept ..if the
    American people really worried about it .they would demand a stop to funding two senseless wars, sending billions $$ to Israel ..and supporting over 700 bases in 130 countries all over the world.. and use that money at home..funding schools, teachers, jobs, infra-structure etc ..,..but most Americans don't even know where Iraq or Afghanistan is located on the map..and are equally as ignorant about government policies and political agendas...If they were well informed they wouldn't have bought into all that ridiculous nonesense the tea-baggers spout along with that moron /joke Sara Palin..
    .For whatever reason the American people don't want to hear the truth ..so remain in a "What -Me Worry?'..Alfred E Newman state of denial... "see no evil hear no evil speak no evil" ignoramuses....
    Where were the protesters when the previous congress ran up the debt for the last past eight years ?......yes...this administration has spent huge amounts of money trying to deal with the damage they inherited.
    .Did the public think that when the Democrats came into power .. they would just hit the "delete" button ..and the country would start with a clean slate??...

    June 4, 2010 at 4:00 pm |
  46. Heather from Indiana

    Not at all. Just like the Reublicans never do, that is until a Democrat is in office.

    June 4, 2010 at 4:01 pm |
  47. Donna Wisconsin

    Someone needs to step up to the plate and say it like it is–it is time to pay the piper. Reducing taxes is NOT going to help the debt. And we need to make everyone especially those companies and people who get out of paying taxes because of loopholes, or business off shore, to pay their fair share. The rich get richer and the middle class pays. And those at the bottom who don't pay are not the problem. It is the 'upper class' that we pretend isn't living in America. We are fighting two wars and never had a draft or rationing. Get real.

    June 4, 2010 at 4:02 pm |
  48. Gary H. Boyd

    Jack, Ameria's zeroed out. Our population of three hundred million is represented by the number 3 followed by 8 zeros. America's debt of thirteen trillion dollars is the number 13 followed by 15 zeros. Dividing one into the other equates to over $40,000 owed by every man, woman and child in the entire country. That's the number 4 followed by 4 zeros. Unfortunately, that's too damn many zeros Fact is Jack, we're zeroed out.

    Gary Boyd in Scottsdale, Arizona

    June 4, 2010 at 4:03 pm |
  49. Joe Hanson

    Jack,

    I don't worry about it all. My income is so low now, I won't pay any net taxes.

    Joe Hanson
    Minneapolis, MN

    June 4, 2010 at 4:04 pm |
  50. Paulette in Dallas,PA

    A lot. It makes me sick. I worry for myself and my husband in our "golden" years. What is going to happen to us? All of the planning and now the world is turned upside down. I am waiting for someone to have the guts to create a new Pecora Commission. The answer to what needs to be done is in this 1934's Commission's findings and reccomendations. A Vanity Fair article sums it up nicely. To summarize the article: This financial crisis was create because of deregulation which began in the 1970's and went further still in more recent years;the 1999 repeal of the Glass-Steagall Act which separated commercial and investment banking;and the weakening of the SEC in the early 2000s. Greed is what started this downward spiral and now we are all going to have to pay the price for years to come. Note to Washington:You have the means and the know how – straighten this mess out!

    June 4, 2010 at 4:05 pm |
  51. Lori - PA

    Jack,

    It worries me a great deal. I just hope in November, when the incumbents are voted out, the people we vote for will make doing something about the deficit their first order of business. Oh, and do something about the health care reform bill.

    June 4, 2010 at 4:06 pm |
  52. Gregory Tripp, Mechanicsburg, PA

    Maybe we could ask Toyota to remove some of the carpeting that gets stuck between Congress and the People. Seriously, we need to make some serious changes to our system in a way that removes the politics out from it. One way would be to make campaigning illegal. No campaigns, no graft or corruption. Give power back to the neighborhoods to decide who should represent them. Give more power back to the local governments who know where the money needs to be spent and make big cuts in State and Federal budgets that are heavy with payrolls of highly paid bureaucrats that do little but push paper. Increase our tax base by legalizing and taxing the hell out of marijuana. That would free up tons of police man-hours that could be used to fight and prevent violent crimes. Life could be so much better, if only people would listen more carefully to what I have to say.

    June 4, 2010 at 4:07 pm |
  53. Bill

    It's like credit card debt, Jack – great when you are charging things, not so great when the bills show up. No one cares right now but this will be a legacy that cripples the country for generations to come. How much longer do we think we can live with trade deficits, illegal immigrants, paying welfare and social security recipients far more than they have paid into the system? Face it, we are a Socialist nation and that just never works.

    June 4, 2010 at 4:07 pm |
  54. Kathie

    considering the lack of any fiscal responsibility by our elected nonrepresentives gives pause. continuing to fund two unwinnable wars and spending like they are playing a game of monopoly is distressing. executives who reward themselves with multimillion dollar bonuses for job nonperformance is disgusting. all Washington as well as state/local politicians worry about is their own self serving interests not the interests of this country. Our country is being destroyed by these irresponsible "public" servents who are owned by special interests. You bet I scared!

    June 4, 2010 at 4:14 pm |
  55. Kerensz (oil spill)

    There are those who will not be satisfied until the President Obama goes down with a suit on himself and personal tries to stop the oil spill.
    But, the Bushes are the saints who helped to sell this country out, Please!!

    June 4, 2010 at 4:17 pm |
  56. Tom in Desoto, Tx

    Yes it is a concern that's why the unnecessary tax cuts of George W Bush must die a well deserved death and we should not hear another word about tax cuts.. We are currently under Obama's first budget. It will take time to slow, then reverse, Bush's plan which more than doubled the debt in 8 years, that took over 225 years to accrue. Military spend must be slashed. I recently read where U.S. Military spending was greater than the military spending of the next 15 countries combined. WHO"S THE ENEMY?

    June 4, 2010 at 4:19 pm |
  57. Bert Oak View, CA

    The thirteen Trillion dollar national debt doesn't bother me as much as what the future costs will be for all the free services to illegal aliens, like hospital for the mother of the anchor baby, which will require housing assistance, free school and language interpretation, food stamps, of course Healthy Family Medical Care for poor families support and then the extra prison costs for those who become worse criminals than they already are. Our country is going Bankrupt both financially and with common sence.

    June 4, 2010 at 4:21 pm |
  58. Carl

    Jack,
    I worry about as much as our thieving political worthless leaders. Our blind leaders have no fear as long as the money printing machines are running 24/7. As long as the Bank of China is open, they have no fear. We are quickly becoming a Third World Country. We have Greedy, lying, worthless leaders to thank for our situation.

    June 4, 2010 at 4:22 pm |
  59. Mr D

    With all the immediate problems to worry about, the expanding debt seems to take a back seat. But the shadow of debt is looming over us. I really don't see it as a solvable problem. This nation does not have the stomach for solving the problem. We have had too much for too long and the political and moral will is not there and probably won't be there in our lifetime. What a country.

    June 4, 2010 at 4:22 pm |
  60. Tom From Olean, NY

    The $13 trillion federal debt scares me every time I on turn on the television or open a newspaper, but every time I hold my grandchildren and wonder what it will do two their lives it horrifies me. It has to stop somewhere.

    June 4, 2010 at 4:25 pm |
  61. DON IN WESTPORT, MASS.

    I feel like the more in debt we get the more i'm going to fight for my right to bear arms. I am not a violent person, nor am I anti-Goverment. I am a patriot and a realist who believes that one day this goverment will lead us to the brink of civil war.
    Our nations leaders today have no back bone. The decisions our leaders make today are all based on the vote getting process. There are to many turncoats in Washington DC.
    If our forefathers could see what our leaders are doing today they would be heartbroken.

    June 4, 2010 at 4:27 pm |
  62. Melissa

    I don't. I'm more intelligent than that. I actually understand that you have to spend money to make money.

    June 4, 2010 at 4:28 pm |
  63. Ed from Port Aransas, TX

    When the Bush's tax cuts were passed in 2001, the Congressional Budget Office predicted ballooning deficits 10 years out. During that time, we started two wars, passed and unfunded prescription program and suffered the worst economic downturn since The Great Depression. What would you think would happen?

    June 4, 2010 at 4:32 pm |
  64. Solitude

    "That does not really exist! Is just facts and figurs on paper, that mean nothing but an ego trip for the incoming leaders. All you have to woory about is getting investment to come into the country and you cant do it with a Jonah in the Whitehouse. Everything he touches turn rotten."

    June 4, 2010 at 4:33 pm |
  65. Jack, Niceville

    If we don't slash spending soon, we will be just like Greece. China will stop lending us money, the government will have to stop paying out all of the so called "entitlements" and people will be rioting in the streets for their government handouts. And guess what? Unlike Greece, the IMF won't be able to bail us out!!!

    June 4, 2010 at 4:34 pm |
  66. Lance, Ridgecrest, Ca

    Jack, I worry a LOT! I look around the world today and see country after country on the verge of collapse, Greece, Spain, Italy, Hungary. They are falling like dominos, and every one of them is the result of excessive spending/uncontrolled deficit. Many of our cities/states are on the verge of bankruptcy, and if/when they go down, the entire country will follow soon. Frightened is an understatement, because I do not see the government in D.C. doing anything to stop the excesses. As you pointed out, they completely lack the political will to just say NO!

    June 4, 2010 at 4:34 pm |
  67. chris

    well there is nothign we can do only washington can stand up and say no to pork projects cut wasteful spending and stop giving billions around the world and cut state spending and over paid and politicians and state officials would start if they were spending their own money they would then care

    June 4, 2010 at 4:38 pm |
  68. Tom Mytoocents Fort Lauderdale, Florida

    Jack

    Stop worrying about the debt, It's just a bunch of Zeros created by a bunch of Zeros for a bunch of Zeros.They will never run out of Zeros Watch for the exponent number appear to save on ink. ha

    June 4, 2010 at 4:38 pm |
  69. bob, oshawa, ontario

    Jack, although I live in Canada, I am understanding what government deficits mean for the average citizen. Here, in Ontario, our provincial government, at the height of the recession, and contrary to all economic wisdom will be adding an 8 per cent sales tax to all items not currently taxed. It means we will be paying 13 per cent total tax on most everyday items from gas, heating fuel and food items to name a few. It means that many of the morally bankrupt politicians are spending beyond what is reasonable. For Americans I am guessing you will all be paying more in taxes whether at the sate or federal level whether you like it or not. You can't borrow money forever from other countries to sustain your military costs without America having to relinquish some of its sovereignty in some way as a world power. Both of our countries will be slowly going back to what economic conditions were like in Eastern Communist Europe in the 1950s. In those times, people could not afford cars, had few basic staples, walked, took public transportation or rode bikes and were taxed to death to maintain their socialist utopia. Sounds like the lifestyle the Al Gores and all the environmentalists of the world are trying to persuade us to adopt in order to save the precious planet, not necessarily the dignity of human life.

    June 4, 2010 at 4:38 pm |
  70. gg

    as long as you keep sending jobs to china the money will keep rolling in when theres no more to bargian with the hammer will drop

    June 4, 2010 at 4:41 pm |
  71. Ann from Hampton, NJ

    I seriously worry about it. I have five grandchildren who are going to be stuck paying this off along with my great-grandchildren and their children. The blame is squarely on Congress and the people we put into office to prevent this sort of disaster. Evidently, they were all asleep at the wheel or looking out for their own interests and not the people of this nation. Time for a big change come November. That also goes for the White House when the time comes.

    June 4, 2010 at 4:45 pm |
  72. heavyhorse

    Just defalt on all the loans we have with China..I think the U.S. is too big to fail and it would then bring the collapsed Chinesse currency into line with what they claim it is now. Don in NC

    June 4, 2010 at 4:46 pm |
  73. Christine

    Jack, you can try to make Dems look bad so tea party will accepted, but chances of a tea party candidate winning and taking any majority is IMPOSSIBLE. This is 2010 and not 1956. Give up jack. Tea party have been branded as a racist mob.

    June 4, 2010 at 4:47 pm |
  74. Scot

    Jack, I worry about the National Debt literally every single day. The political ideologies that get so much attention these days are meaningless when compared to how debt will change our lives. If Americans cannot agree to stop spending, then we are all headed for the ashbin of history.

    June 4, 2010 at 4:49 pm |
  75. Phyllis G Williams

    The people who have sucked out the country should be ashamed to have their bank books with millions, billions, of dollars and do nothing about it. I had a vision that TIME is just a dream for MAN which disappears to determine their eternal destiny.
    Who to Tell, the angels in heaven may have had a 1-100 year-trial as we are having now (smile)

    June 4, 2010 at 4:50 pm |
  76. JaneE

    I am a lot more concerned about racism and bigotry coming back into fashion than the national debt. Debt today is about in proportion to what it was after WWII. We did reduce that substantially in 40 years, while growing the middle class and reducing poverty. But that was before Supply Side economics and deregulation fever.

    June 4, 2010 at 4:55 pm |
  77. Kevin in CA

    Should it be proportional to the amount I worry over spending $200 for new tires? Can't be .... my head would have exploded.

    June 4, 2010 at 4:58 pm |
  78. Terry from Illinois

    The national debt was created mostly by the GOP gang before Obama, yet Obama had to bailout different industries to keep America going or the 1929 Depression would look like nothing if he and the Democrats didn't do that.
    Yes, America needs to tighten its belt and save where we can but fighting wars for 8 years and allowing companies to move JOBS out of America for GOP passed tax cuts will never help pay down the debit, so the GOP has it wrong.

    GOP says no to to leaving Iraq, says no to regulating Wall St, says no to controlling CEO wage and bonuses, says no to NAFTA changes needed to help Americans jobs, says no to foreclosure moratoriums which would prevent Americans from loosing their homes...etc.

    Yes I'm worried about our debit but I'm more worried that the GOP will take control again, how far can they run America in the ground from the low point we are in today???

    June 4, 2010 at 5:02 pm |
  79. Ralph Spyer

    Not at all, wnat can I do about it anyway. One party is starting wars we can not pay for and giving no bid contracts to the who,who. The other party wants free health care for every one. Both partys are in bed with Wall street.We have oil spills,immigration, ect. The rich and powerfull will do what they have always have done, what ever.

    June 4, 2010 at 5:02 pm |
  80. patrick in Westminster, MD

    Jack – Baby Boomers no longer give a damn. The right wing Republican Supreme Court just turned our Political system over to Large Global Corporations. Underscore Global. BP and the Oil Industry is the perfect example of whats wrong with the Federal Deficit. They are bankrupting the Gulf States and Obama has yet to declare WAR. As long as Corporations run the Planet, they will destroy it and everything associated with it. The Economy and the American Middle Class. Its time to fight back! Boomers have been silent too long!!! The Gulf disaster should be the last straw.

    June 4, 2010 at 5:08 pm |
  81. Allan Hanson Placerville,Ca

    I worry more about the cost of this war and its future cost. There was no reason except ego to invade either country, but the MILITARY INDUSTRIAL COMPLEX will be very happy. They are isured full production replacing the equiptment we are losing virtually forever. Didn'i Ike warn us of this?

    June 4, 2010 at 5:11 pm |
  82. Gigi Oregon

    I'm not going to worry too much about it at all. If I had created it, say about 12 years ago, I'd be plenty worried. But, I didn't create it, I didn't vote for it and I'm not going to worry about it. But somebody should. Just hand the debt over to 13 of the riches Americans that got a tax cut a little over 10 years ago.

    June 4, 2010 at 5:14 pm |
  83. Joe R - Houston

    Government shills have been denying the inevitable and predicting recovery while the Austrian economists have for YEARS been predicting what has now become our factual history.

    The only politician that has consistently got it right is Rep. Ron Paul and his predictions for the future make our current situation seem like a walk in the park.

    The only worry we have left is the form our default will take.

    June 4, 2010 at 5:15 pm |
  84. Diane Dagenais Turbide

    Dear Jack,

    I chose to take out the word worry from my vocabulary and from my reactions! I chose instead to be more aware, more conscious and more prepare to welcome and bring change to the table! We face three realities that affects changes: 1) the diminishing of the wealth of the middle class from this past decade having face education deficit, healthcare deficit from people losing everything because of health issues, 2) and loss of jobs because of the lack of actions to keep companies producing at home and 3) a lack of economic plans for the future for the majority of people!

    June 4, 2010 at 5:18 pm |
  85. ben stockton, calif

    wecan bring down that deficit by eliminating aid to israel and other countries that dont really have our interests at heart. next, no freebies to illegal immigrants and no anchor babies. drastically cut welfare, corporate welfare and other aid to people that want to live off the govt and not work. these are drastic measures for drastic times. ill hold my breath ok?

    June 4, 2010 at 5:19 pm |
  86. riley oday

    I dont worry about it at all. I know how it ends. It ends badly.

    Its like knowing something is going to die. When it happens your prepared.

    June 4, 2010 at 5:21 pm |
  87. Remo, from beautiful downtown Pflugerville Texas

    Jack, I'm deeply worried about it. I only hope the new president can get a handle on it. The present one sure can't.

    June 4, 2010 at 5:21 pm |
  88. rich

    hey jack, i don't think he's doing a bad job, the man seems to have one crisis after another. the problem is we've become a country of spoiled children who want immediate fixes to everything. give the guy a break and thank God it's not john mccain in the white house.

    June 4, 2010 at 5:22 pm |
  89. southerncousin

    All my life, I have worked hard, taken responsibility for my own life and saved so that my retirement years would be comfortable. Now, this president, catering to those who have no sense of personal responsibility, who choose not to work becasue they are on drugs, are products of the union dominated education system or just plain lazy, is taking my savings away from me to support these scum. I am angry, and will express that anger in spite of being called names by the liberals that are stealing my life from me.

    June 4, 2010 at 5:23 pm |
  90. Krishna

    Hello Jack,

    I think about it a lot. I am retired and my benefits are dwindling by the hour. This is the time Democrats and Republicans need to put their shoulders to the yoke and pull the cart out of the mud! Republicans don't seem to realize the state of the economy Pres. Obama inherited! They just want to make a point and expound their ideologies. Le the country and people go to hell! Palin gets paid $76,000 per speech and that is good enough for them. Republicans lost the election and it is time they let Obama do his thing! They want spectacles! You will see a circus on Kagan confirmation while the deficit clock keeps on ticking

    KK
    LCF, CA

    June 4, 2010 at 5:23 pm |
  91. Don (Belleville, Ontario)

    America is like Canada's mother. America is strong so it has protected us from bullies, since Canada's armed forces are tiny.
    America is rich so it has bought our goods and allowed Canada to mature economically.
    Now we find out that America has a 13 trillion dollar mortgage so is actually poor. We also discover that America is considered a bully by other countries all over the world.
    Does Canada worry about this 13 trillion dollar debt? We certainly do. We are one family and if you fail, so do we.
    If America doesn't mind a suggestion from its teenaged son, perhaps this would be a good time to stop spending so much on your military. Your war spending is like a gambling addiction in a family.

    June 4, 2010 at 5:24 pm |
  92. christophel davis

    A deficit is not something we should jump to worry about, China is not going to knock on our door and say hey America you owe me money Pay up!

    June 4, 2010 at 5:24 pm |
  93. John from San Antonio

    No point in worrying. With the "republicrats" following the same policy administratuon after administrtion I can't see any reason they would change. The job they started is nearly finished. It's probably to late to save ourselves if we started now.

    June 4, 2010 at 5:25 pm |
  94. James in Idaho

    Jack, Americans have always been pretty good at paying down their debts, and there's really no difference here except the subjective perception of just how long that should take.

    As an example, justt before I came to answer your question, I had been in a back and forth with a staunch conservative about how bad Obama is ruining everyones finances. What made me laugh was the fact that the whole time he was making fun of me about my job, but at the end of it, this poor financially burdened man whom Obama had so destroyed asked me if my boss was willing to sell the business because he was apparently SO succesful that he felt he might add it to his other properties.

    It's all gone topsy turvey jack, and these wild eyed opinionators are shoving us under the see saw.

    June 4, 2010 at 5:25 pm |
  95. in Woodstock GA

    I'm 66 years old. Frankly, I don't worry about it a bit. There is nothing I can do about it, but I do worry that China will call in the debt before I die, and I am not sure I could learn Chinese at my age.

    June 4, 2010 at 5:26 pm |
  96. James from Jersey

    Not too much.

    June 4, 2010 at 5:26 pm |
  97. Annie, Atlanta

    What’s the point? Corporations don’t pay taxes. The rich got tax breaks, the rest of us got squat. We were lied into a trillion dollar war. Blackwater and Halliburton made billions on the deaths of others. We don’t even have the decency to properly care for our Vets. Banksters made out while us commoners can’t keep the roofs over our heads. People are going hungry. The middle class has been dismantled. Our rights are based on our financial status. Political candidates stir up racism and hatred between us, and win. Corporations are killing us, our livelihoods, and the planet because they own DC. And you want us to worry about deficits? Seriously?

    June 4, 2010 at 5:27 pm |
  98. Linda in Arizona

    Not at all. I'm old. I'll be dead soon. I know you younguns like Jack will take care of everything. Not to worry.

    June 4, 2010 at 5:28 pm |
  99. Greg H - Minneapolis

    Jack, I worry about the debt because I actually understand what it is! Contrast that to the President & Congress who do not quite grasp the idea of budgeting. This is not new to the current bunch, but right now they are in control and thus have the duty to fix the problem! Instead, they go on buying votes and leaving it to the next generation. Well, the "next generation" is here, and furious what they've been left by people shirking the duty they were elected to perform.

    June 4, 2010 at 5:29 pm |
  100. Shirley, OHIO

    I don't worry about it at all because this World will still be a ball of confusion with a surplus. We got ourselves into this big mess and we will get ourselves out of it. Take a listen to the Temptations song "Cloud Nine and Ball of Confusion." The songs were made decades ago.

    June 4, 2010 at 5:30 pm |
  101. Scott Stodden

    Its worried me ever since Obama took office and spending all that money from day one and is still spending, spending, spending! See America this is why Hillary would have been better as President because she has more experience to lead! President Obama is Ok but right now and with all these problems he's very confused and dancing around issues that are truly affecting this nation in a disasterous way, we needed Hillary in 2009 when everyone went Obama crazy and the media scrutinized and made Hillary look as if she didn't have as many supporters as everyone thought she did, Hillary should have won but the media wowed up President Obama everyday and why because he's the first black President? Well Guess what he doesn't have experience to handle these problems such as The Gulf, Israel, Afghanistan, Iran, North & South Korea, Health Care, etc, etc, etc, watch everyone all this spending Obama has done is going to blow up in our faces and then we're all going to wish Hillary would have won in 2009, Vote Hillary Clinton 2012 baby!

    Scott Stodden (Freeport,Illinois)

    June 4, 2010 at 5:31 pm |
  102. Midwest Jim

    Again, the Republicans and Bush created a massive deficit and debt by lowering taxes during war, massively expanding medicare with drug benefits and spending off the books.
    After Obama and the Democrats stabilize the economy and pull out of Iraq and turn a corner in Afghanistan, they can turn attention to beginning the long painful process of paying down our debt.
    The GOP, no doubt, will be absent from the task.

    June 4, 2010 at 5:34 pm |
  103. Herb, Tampa

    According to Bush, Jr., and and his VP, deficits don't count and they proved that assumption by more than doubling our National Debt. That was just a continuation of the economic policies of two previous GOP administrations that had increased the Debt by five times what Reagan was left from the first 205 years of our existence as a country. Just the facts, Jack, you can't make this stuff up. We'll be just fine if the GOP is not returned to office. Remember the Clinton surpluses?

    June 4, 2010 at 5:37 pm |
  104. Michael Roepke - Dallas

    We live in a nation of people who not only didn't worry about their own debt, but judged their own financial well being by how large a mortgage they have and how good their credit rating is. Our national debt may be a good political issue but I doubt that it is an issue that will get people to the election polls.

    June 4, 2010 at 5:38 pm |
  105. John from Alabama

    Jack: No one worried about the national debt from 2000-2008 when it went from $4 trillion dollars to $12 trillion dollars. People are more concerned about their jobs or lack of jobs than the national debt. The upper income group are worried, but it is not about the national debt. They are about to loose their taxcuts. This will mean more money to reduce the national debt. Hooray!!

    June 4, 2010 at 5:40 pm |
  106. Jim Blevins

    While quite incomprehensible, the debt isn't the real problem. "Its the economy stupid". While we do need to get income in better balance with outgo, we most need to get the economy booming. If we see good growth, our grandchildren won't see 13 trillion as much money at all.

    Jim, Craig, CO

    June 4, 2010 at 5:41 pm |
  107. Michael H. in Albuquerque, NM

    The Fed creates money out of thin air, without any accountibility, throws it at big banks that gamble it on derivitives rather than loaning it to American businesses, and they expect us and future generations to pay it back with interest....
    I am not going to worry about it, because they aren't going to get paid.
    Let them try and provide the note in court. They don't have it.
    When the Euro goes belly up we will buy a bunch and pay everybody with those.

    June 4, 2010 at 5:41 pm |
  108. Paul, PE Canada

    Once the credit ratings are lowered and the dollar devalued it may be just what the country needs to boost its exports, bring the troops back home and legalize marijuana for the tax revenue. You always gotta look at the positives, its easy to be negative.

    June 4, 2010 at 5:44 pm |
  109. Mike in GC Ohio

    Insanity! If this continues we will soon be the next Greece or Hungary... Will the IMF bail out the U.S.?

    June 4, 2010 at 5:44 pm |
  110. thom richer

    I don't. I worry about my debts. Always have. The government has never done anything of significance to improve personal economic standing in my lifetime of work and taxation whether the federal debt debt was in the trillions or balanced. Meeting financial responsibilities for the working class has always been a never ending battle and will continue to be when we continue under the premise that money "trickles down." Continued waste of money on contrived wars and phony corporate bailouts with monies that belong to the people of this country nothing will change. Not to mention the fact that the determined failure of this country's president by half of its Congress and citizenry is based on the color of his skin is much more of a worry than even its self-inflicted debt. Why worry? It is all predestined.

    Thom Richer
    Negaunee, MI

    June 4, 2010 at 5:44 pm |
  111. katiec Pekin, IL

    Well, Jack, it takes alot of money to get us out of all the diasters your republicans brought on our country. We were headed for a depression, education, health care, financial, big business systems all broken, because of, once again, your party having no regulations, oversight, looking the other way, policies to benefit Wall St and destroy middle class American and our environment.
    I thought you were a man of intelligence but you have become another radical right commentator. Imagine Fox is giving you offers as your actions lately would let you fit right in.

    June 4, 2010 at 5:45 pm |
  112. sandy

    Not much. We have to spend to get out of this mess the republicans got us in. I just wish Americans would stop blaming obama for all this and put the blame where it really belongs, with the Republicans. Also everytime a Republican comes on TV complaining about spending, I ask where were they when they gave Bush free reign on our pocketbooks while he was in office. He is doing a great job and he has my vote in 2012.

    June 4, 2010 at 5:46 pm |
  113. Jurgen Brul

    Hello CNN friends,

    I do NOT worry about it,
    because the U.S. is a member of the United Nations World Banks,
    whose main aim is to REDUCE POVERTY!

    Greetings,
    Jurgen R. Brul

    June 4, 2010 at 5:47 pm |
  114. Mark from Voorhees, NJ

    I could solve this problem real quickly. Withdraw forces from Iraq and Afghanistan, and Europe as well. Today.

    Legalize marihuana and let the goivernment sell it and tax it. Sell it at post offices, which already have fences around them anyway. Release those people who are in jail for possession, and make room for people who hit other people in the head. Save about $46K per prisoner per year, so you have money for education.

    Ban ANY contributions to politicians, and institute term limits.

    Oh, and cancel all government contracts with offshore companies, including Halliburton, whose assets should be seized, anyway.

    Voila. I've got a million of them. And have a good weekend, Jack.

    June 4, 2010 at 5:48 pm |
  115. renegade98

    I don't worry about the national debt at least not during a deep recession where millions and millions of Americans remain unemployed, losing their unemployment benefits, the last of the social safety net. I'm more concerned about those who have exhausted all means of survival and now end up on the streets digging through garbage bins, but then again if you are working, it's not even a thought with you.

    June 4, 2010 at 6:00 pm |
  116. katiec Pekin, IL

    I don't Jack as know we have a president to will do right for us and our country.
    It is sad that you try to cast him as such a vulture, that you have become so biased, that you do not admit or take any responsibility for what YOUR party did to our country. Course, back then you were the Jack we admired and respected, not another Limbaugh or Beck.

    June 4, 2010 at 6:00 pm |
  117. Ken in NC

    I'm doing all I can. My employer witholds Fed and State taxes every month and they send me my check stub. I'm not worried about it Jack. I'm investing in the debt now because it is climbing faster than the DOW.

    June 4, 2010 at 6:01 pm |
  118. Simon/Orlando

    It will ruin this country. It will create a huge rift between the elderly who are going on social security and Medicare in greater numbers, most of which will be adding to this debt and the young who will be burdened with incredibly high taxes just trying to keep up with the interest on this debt in future years with a faltering economy. This country will be Greece in five years.

    June 4, 2010 at 6:02 pm |
  119. Andrew Amherst NY

    Jack, it scares the crap out of me! As a younger person I know that my generation will be forced the pay for the ineptness and entitlements of the baby boomer generation. I know I'll be forced to pay into SS and Medicare my whole live, but will be lucky to see half of that back. It's sad and scary, it's time for someone to step up and make the tough choices... I can tell it won't be anyone currently in office.

    June 4, 2010 at 6:03 pm |
  120. Chris - Denver

    I never cared a whit when it was being run up during an economic expansion by giving tax breaks to billionaires and starting unnecessary wars, but now that we are spending money to try to help people and shore up the economy, it is the greatest tragedy and emergency in the history of mankind.

    June 4, 2010 at 6:15 pm |
  121. J A Cooper

    I can't do a damn thing to stop it. Debt is more thant 55% of GDP and rising thats only about 25% away from the point of no return, where interst accumulates faster than all of GDP. All I can do is make sure that I own items of intristic value like gold, real estate and guns. Get out of the market and Federal Reserve notes while their still worth something.

    June 4, 2010 at 6:15 pm |
  122. MARTHA

    I gave up worrying about the deficit a long time ago. Talking and worrying about it doesn't help. I do wonder though what CNN's agenda is, for bringing this up all the time and blaming Obama for it. Report the real history of our huge deficit. All Republican Presidents for the past 30 years has increased it, to where we are today. Only Clinton made a dent in decreasing the debt. If Obama hadn't been left such a mess, I believe he would decrease it, too. Republicans always like to blame Democrats for the increase, but look at the history. I wonder who got to CNN? CNN has been out to get Obama, since the day he took office. I don't understand, since CNN supported Obama during the campaign. What happened to CNN?

    June 4, 2010 at 6:16 pm |
  123. John, Fort Collins, CO

    I'm scared spitless about the economic mess in this country. Between the millions of lost jobs that are never coming back and the massive inflation that is about hit, anyone with ounce of sense knows we are in very deep mud. Which, of course, excludes our leaders in Washington.

    June 4, 2010 at 6:17 pm |
  124. Bruce

    No worries. The die is cast. It means the literal end of the country and a re-birth where whackos won't be allowed to run anything.

    June 4, 2010 at 6:17 pm |
  125. Gary - Woodhaven, Michigan

    I worry less about the debt than the revolution and rioting it will bring if something is finally done about it.

    You said it in your synopses, nothing is being done and nothing will be done during an election year. That is because of the backlash we the American people will create when we don't get our goodies.

    So is it the Government that is dysfunctional or is it the people who are dysfunctional and spoiled. It is both.

    June 4, 2010 at 6:18 pm |
  126. Linda in Arizona

    We are in a fiscal crisis every bit as serious as the environmental crisis in the Gulf. And the implications are even more dire.

    You're wrong about. The death of the oceans is far more serious than our national debt. Wait and see.

    June 4, 2010 at 6:19 pm |
  127. Susanne Trimbath

    Omaha, NE
    I'm an economist. I've been losing sleep over the deficit since Bernanke, Geithner and Paulson started dropping dollar bills from helicopters in September 2008.

    June 4, 2010 at 6:19 pm |
  128. Ken Alpharetta, Georgia

    It's not your money, it's my generation's and the generations after me! Democrats and Republicans of previous administrations and Congresses have spent our country into a hole. These same generations have done no planning for the future what-so-ever.

    June 4, 2010 at 6:20 pm |
  129. Karen-Missouri

    Good grief Jack...you questions are so depressing and bringing people down instead of helping people lift themselves and the government up. Our country's always in debt...been that way in all my 60 years (except for Clinton). Of COURSE the debts higher now that Obama includes the Gulf War costs in the budget that BUSH DID NOT include. The news always wants to oversimplify, incite anger, dredge up a story...we've got enough on our hands worrying about the oil and our coastline...debt is old story.

    June 4, 2010 at 6:20 pm |
  130. JIP

    I'm leaving the US for a country that is fiscally responsible, respects its citizens and foreigners, does not interfere with the politics of other countries and is not threatened by "terrorists" and news media hysteria...

    Fortunately there are such places in the world...

    June 4, 2010 at 6:20 pm |
  131. Ronie

    Very. Sometimes I feel like the Federal Government is just like a parent that does not know how to budget and the people are the spoiled kids that the parent just can't say "no" to... Hey Washington! Get a clue!

    June 4, 2010 at 6:20 pm |
  132. steven quillen

    Clean up this Gulf mess and start american farmers growing HEMP,for self sustainability for this country.

    June 4, 2010 at 6:20 pm |
  133. Eugene

    Jack,

    Welcome to the club. We enjoy drinking tea during the Situation Room.

    Eugene

    Richmond, VA

    June 4, 2010 at 6:20 pm |
  134. Brandon Drake

    I worry about the national debt every day. Money is power, the world is headed for some dark times, and as the debt rises the U.S. is going to lose its power to foster, support, and enforce western values that have served civilization for the last two thousand years. Can you say "please, comrade, might I have a little more" in chinese? Me neither.

    June 4, 2010 at 6:20 pm |
  135. Mike Carter

    How do you solve this debt crisis. A politician may be willing to reduce spending so long as it's not in his district.

    June 4, 2010 at 6:20 pm |
  136. Steve

    I worry alot. The Chinese and other nations are waiting for us to blunder away our assets. They then can buy more of our nice things like real estate ,bad debts bonds 401k whatever. But then there is BP they can help us get out of debt by paying the damages they caused.

    June 4, 2010 at 6:20 pm |
  137. Frank DeHaven

    I worry about this all day every day. This is what is driving the TEA PARTY MOVEMENT.

    I hope CNN can understand this now.

    President Clueless has an answer. Add government expense and cut jobs.

    I wish he would just go back to the hood and shoot hoops.

    June 4, 2010 at 6:20 pm |
  138. Stephanie

    I don't worry about it too much, just because I can't wrap my head around that much money. Can any of us imagine that much money? Maybe the billion-dollar corporations that control the government.

    June 4, 2010 at 6:20 pm |
  139. David Ball

    I am very much worried about the deficit because the Federal Govt. has no plan in sight to fix this catastrophic problem which can be solved by making just one simple thing: ending the Fed.

    June 4, 2010 at 6:20 pm |
  140. Layne Alleman

    Jack, Sorry, but your comment that "it doesn't matter who's at fault", is one of the reasons we're in this mess. EVERYONE IS AT FAULT. The major problem is that the s...heads who started this, and more importantly, are continuing the"casino" game, are laughing at the rest of us while collecting BILLIONS for tanking not only our economy, but the worlds. Do all of us need to scale back? Yes. But let's stop the madness at the source (turn off the leaking pipe, if you will). Until the casino is brought back to being a "fair" game, your just spinning your wheels. Layne A. Antioch, Il.

    June 4, 2010 at 6:21 pm |
  141. glenn

    People are forgetting that Bush made all of this happen. I am taking about
    the bad economy, wall street running wild,the politicians in bed with tthe oil industry it's not Obama. He Has the madas touch.

    June 4, 2010 at 6:21 pm |
  142. Bina

    I am terrified to step into the "real" world. I am a Sophomore at Hofstra and already in about 50k in debt. Just observing the bad habits of this nation, it seems like no one will have a future and everyones to blame.

    June 4, 2010 at 6:21 pm |
  143. frank dileo

    I worry about it alot!!! I cant find a job in this sluggish economy now so what are my chances of getting a good job in the future if we have this debt creating higher interest rates on businesses. They will forgo hiring me so they can pay off their added expenses

    June 4, 2010 at 6:21 pm |
  144. Delia

    I don't worry about it because I have my own problems to worry about. Namely, how to find a job that will help me pay my own bills! If I worried about the government debt too, I'd have to slit my wrists because I don't have medical insurance to cover anti-depressants.

    Delia
    Katy, TX

    June 4, 2010 at 6:21 pm |
  145. RickFromDetroit

    The solution to the national debt and how to reduce it is:
    [1] Allow more tax deductible investments for the millionaires.
    [2] Next, raise taxes to sustain government services.
    [3] Next, give tax cuts and tax rebates to stimulate consumer spending and increase tax revenues.
    This is very simple to understand, we have been doing this for the past 30 years.

    June 4, 2010 at 6:21 pm |
  146. Pedro

    Jack, a country is like a household. It has to live within its means. My family doesn't wildly borrow money to buy the things we'd like to have, so why should our government? Healthcare, education, the military, social security, etc... there are a lot of things our country could spend money on, but just like a household it can't have everything. It's time for government to start balancing the federal budget, just like I balance my own budget at home.

    June 4, 2010 at 6:21 pm |
  147. jimmy

    it has reached the point i don't even worry anymore, because i have accepted that the economic collapse of our country is imminent, and unavoidable. all i concern myself with now is doing as much early damage control as possible.

    June 4, 2010 at 6:21 pm |
  148. Martha Lillard

    Jack,
    I worry so much about this that come November, I will vote for anyone but an incumbent in our federal elections. And I have urged my friends and family to do the same. We need a new Congress!

    June 4, 2010 at 6:21 pm |
  149. reid

    I worry about it ...a lot...a little...a bunch...73.6% of the time...1/3 of my waking hours....none.....every other Thursday. Jack, do they really pay you to ask these kinds of questions? You need to give back your paycheck for this week....I worry about you ..... often.

    June 4, 2010 at 6:21 pm |
  150. ronjiles

    Sadly, one answer to your question is that many are not at all worried about this massive federal debt as they can only see what the government has and will do for them.

    June 4, 2010 at 6:22 pm |
  151. Sue

    Look at the other side of the coin. We are so lucky that Obama won the election. We would have been in a few more wars and would have seen many more oil wells drilled. That would push up the debt for the middle class and more tax cuts for the wealthy. I don't think we could have afforded that. Be careful who you vote for you will get worse.

    June 4, 2010 at 6:22 pm |
  152. steve

    I am and have been deeply concerned about this Mt Everest of debt. I am convinced now that we will land in a state of bankruptcy as a country in months...not years. Unfortunately, we as a people have become complacent in attitudes and actions and have idly watched as this travesty has been foisted upon us.

    Perhaps starvation will be the 'common denominator' that will unite people to stand up and change the way this country operates.

    June 4, 2010 at 6:22 pm |
  153. Mike

    Jack,

    I think about this problem everyday and I'm only 22 years old. No one seems to understand how much we have actually spent in the past ten years and if we have another recession, which could happen due to the situation in Europe, we will not have a government capable of propping up private industry again. No longer will our government be able to throw together a string of trillion dollar rescue plans in 12 months time...we simply do not have it anymore and doing so would cripple us forever. That being said, our best hope at this point is that our economy does tank again. Maybe then people will wake up and vote these thugs out of office.

    Its funny, everyone though Ron Paul was a nut back in 2008 for suggesting he would close so many federal agencies whom he claimed wasted money. Who are the nuts now?

    June 4, 2010 at 6:22 pm |
  154. g

    I worry about the fiscal mismanagement of our country a lot. I feel better as i diversify out of US $'s and into gold, silver and farmland though.
    I am less exposed to the continued dilution of our currency than I used to be. The US$ has lost over 90% of it's purchasing power since the creation of the Federal reserve in 1913.

    June 4, 2010 at 6:22 pm |
  155. Brooks Foley - Illinois

    If the Banks and come up with $600 Trillion in derivatives in just a few short years out of nothing, they should be able to come up with $13 Trillion to cover the debt without much effort.

    June 4, 2010 at 6:22 pm |
  156. Austin Frees

    It's rediculous that people are making a huge deal with the Obama administration and the national deficit. The 2 trillion dollars spent in the first 7 months of Obamas presidency was to settle some issues that where being taken care of in Bush era however Bush didn't want to have to worry about anyone else critizing his presidency. I'm much more comfortable having Obama spend our money then previous presidents.

    June 4, 2010 at 6:22 pm |
  157. Brent Ashcroft

    Jack,
    I worry that this President, and I use the term lightly is more concerned about getting his select people into office than he is about what is happening in this Country. Because of him we are losing touch with the America that Most of Us grew up in. He has no idea what his outrageous spending is doing to this country. He is trying to turn this country into a third world Mexico or a Country of Muslims.

    Brent from Idaho

    June 4, 2010 at 6:22 pm |
  158. Sam in Phoenix

    The Republican administration heaped this debt on us and now stand around and act like it came out of nowhere and that the rich need another tax break. Return the tax rate to the 1960 levels and we might do better.

    June 4, 2010 at 6:22 pm |
  159. Terry

    Jack
    The day anybody in Washington is going to care about the debt is the day the printing presses stop running at Treasury

    June 4, 2010 at 6:22 pm |
  160. Lisa

    Like any concerned citizen, I worry about the economic state of this country and what it means for myself and my family. However, I have come to the conclusion that the powers that be aren't going to do anything about it. They are going to ride this ride until it comes to a screeching halt with their hair on fire and spending money like there's no tomorrow...because there probably isn't one.

    So all I can say is look to your local communities. Start to build the networks where you live that will see you through an economic meltdown because it's coming. When the Titanic began to sink the smart people ran for the lifeboats. It's time to start working on our own lifeboats because the ship is going down fast.

    June 4, 2010 at 6:22 pm |
  161. Sly, Michigan

    I don't worry at all jack, because in 2012, i'll be getting my Social Security (along with my pension) and moving oversea and enjoying my retirement.

    June 4, 2010 at 6:22 pm |
  162. Ellen

    You must be joking – how can you compare a monetary problem to something no amount of money can fix? No amount of money will restore what has been lost and will be lost by the oil disaster. Wake up!

    June 4, 2010 at 6:23 pm |
  163. regis sunny

    This goes way back when we sold are technology to china(steel collapse) and nafta. So now we are paying is it not ironious that china is doing so much better with our work. And India isn't bitchen. This is long over due. We will pull out of this ok. We have way to many resourses and we need to stop tryen to help out all other countries and worry about HOME

    June 4, 2010 at 6:23 pm |
  164. Jeff Butler

    He ha lost his nerve and can't make a decision. We don't have time for "commissions" on oil or the national debt.

    Scares me more every day. He is in panic mode

    June 4, 2010 at 6:23 pm |
  165. Richard

    Don't worry.
    Use all that money to soak up the oil.

    June 4, 2010 at 6:23 pm |
  166. Cliff Glass - East Rockaway, NY

    Jack,

    Our problem is that America is an instant gratification society, all too willing to place the burden on our neighbors' back, but not our own.
    Until that changes and everyone is willing to sacrifice, we are on the road to third world nation status.

    June 4, 2010 at 6:23 pm |
  167. Candice, Tucson AZ

    I am not worried. I am leaving this country when I am done with my medical training. I will be free of the constraints of the insurance industry and American bad habit health problems. The ability to make a true difference and practice with compassion without worry of frivilous lawsuits is more important than staying in my home country. The country has been on a path of destruction since Reagan gave birth to corporate America and I do not believe it will be revived until after a major depression. It is disgusting that loyalty to capitalism is a bigger priority to people than justice and equality in healthcare and education.

    June 4, 2010 at 6:23 pm |
  168. Steve

    What matters is the debt as a fraction of the GDP. We are now approaching 80%. At the end of WWII, we were at 122%. So in spite of all of the furor over debt, we have been here before. Yes, we need to address this problem, but Obama, Geithner, and Bernanke are worried about the debt. This has been publically discussed. We know that we must change the arc of the curve, but doing this during the greatest economic disaster since the Great Depression, would be certain suicide.

    June 4, 2010 at 6:23 pm |
  169. jim sparling

    Obviously, you won't print anything that doesn't comport with your liberal agenda. I just sent you a long discussion of what would happen if 20 million illegal aliens went home. The savings to the US taxpayer would be, by careful examination of their cost in crime, drugs, free medical and other 'entitlements' (to which they are, in fact not entitled) would be over $500 billion per year. I don't expect to see that proof or this comment on your cowardly blog.

    June 4, 2010 at 6:24 pm |
  170. Heather in Virginia

    Today a report came out with information that most of the jobs recently created were census jobs. Surprise, surprise the only organization that is hiring is our government. We can't find a way to improve education or our environment, but we can hire people to get an accurate population count. This count will help us better allocate taxpayer dollars? Isn't it funny how we are worried about how to spend money we don't have? Its like me planning on what to do when I win the lottery.

    June 4, 2010 at 6:24 pm |
  171. Lisa, Bronx

    Jack, to be truthful I've been worried for years even during the haydays of the late Clinton administration and early Bush administration - that is when the outsourcing started, Americans started living on credit and homes became piggybanks. At this point I'm numb and have no idea as to what needs to be done - pull entitlement programs and we'll have massive homelessness and hanger, pull out of the wars and our military complex will collapse and it is obvious that the military complex is the only economic seat America has at the table. What is really frightening is that the only chance we have is to invest in America. With what? Who knows?

    June 4, 2010 at 6:24 pm |
  172. Skip

    Jack it sounds like trickle down Bushonomics!!! He hi tailed it out of office after sinking us so deep in debt my grandaughter who was born 1 week ago has to hold on to her purse.

    June 4, 2010 at 6:24 pm |
  173. Bobby C Riverside, CA

    Hey Jack after listening to your speal about the national debt dying sounds like a great option.

    June 4, 2010 at 6:24 pm |
  174. Jacquie Howard

    It's not that no one cares, Jack, but no one in POWER cares. This is part of what set up the TEA Party movement until they went nuts. I joined them at first, hoping to make a difference, but we were ignored by the Powers that Be.
    Which may be why a lot of incumbents may be unhappy by the end of the year. I have to wonder if they've noticed that incumbents don't seem to be faring well at the polls, and maybe wondering why that it.
    Too bad you can't punish stupidity. I'm an Independent Liberal, and I'm unhappy with them.

    June 4, 2010 at 6:24 pm |
  175. Dan in Seattle

    Jack, of course I'm concerned. However, if the TRUTH were actually known, the dollar is dead. We just haven't held the wake yet. Sooner than we'd like to admit, we will wake up to find that, as a people, we are dead too.
    That said, what WE CAN do is vote smart. That means not taking the easy way out by simply voting for the one with the best sound-bite. It means getting off our butts, doing the work that needs to be done to save OUR country – if that is still possible.

    June 4, 2010 at 6:25 pm |
  176. Chet

    Itr is interesting to see these conservatives get debt conscious only when Democrats control the Whit house. Where were their concerns when Reagan gave us the biggest deficit while all along promising balanced budget, or whne Bush's wars were off the budgets, and so on.

    When Obama proposed his budget The republicans had a 13 page budget document with not a single number on these pages exxcept for the page numbers. Where were your deficit conscious programs when Bush was running the deficit and bailing out wall street, and paying $150 a barrel of oil to put it into the ground ?
    SO dishonest of you and disgusting.to say the least.

    June 4, 2010 at 6:25 pm |
  177. Joe

    Worry ... I quit worrying about $3 trillion ago. Once we crossed that magic line where less than 50% of americans pay taxes ... there's no turning back from spending more than we have. Simply put, you can't take socialism back. That is ... until it breaks.

    Joe
    Jacksonville, FL

    June 4, 2010 at 6:25 pm |
  178. Rick, Winnipeg

    Jack I don't worry at all. I just keep buying as much gold as I can get my hands on.

    June 4, 2010 at 6:25 pm |
  179. Kolbe in South Dakota

    If I worried about things I couldn't really do anything about all the time I'd probably go crazy. What can be done about the debt? It's far too substantial to be payed off, and to cut down on federal spending to the point where it would actually make a dent on the rate of increase for the debt would be just as close to impossible. If the fed can find a way to bring down spending to ease the debt's rise it would be great, but that's out of our hands as far as I'm concerned.

    June 4, 2010 at 6:25 pm |
  180. PJB

    Dear Jack,
    Armchair quarterbacking is easy enough to do. Calling people gutless is simple enough. I don't deny that things aren't being taken care of like I think they should. However, if you think the people in congress are worthless and gutless, why don't you run and try your hand at running our country?

    June 4, 2010 at 6:25 pm |
  181. Michael, Springfield VA

    Our tax code is a joke, no one understands it and the people with the most money pay a fraction of their fair share. Congress keeps adding pork that turns responsible legislation into a financial wasteland. We send an army overseas even though we have to borrow money to pay for war. If a banker or CPA were to look at this country's financial situation it would be a candidate for bankruptcy. I would vote for anyone on Capitol Hill that supports a flat tax, cutting pork and bringing the troops home NOW! This fiscal madness has to stop.

    June 4, 2010 at 6:26 pm |
  182. tim CA

    we were in debt 8 yrs ago when geogre w bush was in the white house. he is the one who got us where are today.people have to remember we have two wars going and we the tax payers are paying for it. president obama was left wtih the mess and he is doing what he can. the debt has no effect on me.

    June 4, 2010 at 6:26 pm |
  183. CL Morse

    I concerns me a lot. The bill will come due and we will have to pay it.
    I wouldn't be surprised to hear Congress wants a VAT as soon as the mid term elections are over.

    CM
    Sacramento

    June 4, 2010 at 6:26 pm |
  184. Chad from WI

    I worry a lot. I am disabled with MS living on Social Security.. So if Armagedon comes, I'll surely be a victim. I like to tell myself everything will be fine because I have a decent portfolio, but I know that isn't safe either.

    June 4, 2010 at 6:26 pm |
  185. Becky

    I'm extremely worried about the National Debt. It is unsustainable. Our country is going to implode. Something must be done now but the arrogant politicians in Washington seem oblivious.

    June 4, 2010 at 6:26 pm |
  186. marina whisenant

    Jack, I worry and watch! I worry that my daughter was on unemployment for sixteen months, and was just laidoff today from a job she had for two months, I worry that at 56 years old I'm about to go into foreclosure if I dont make two house payments this month. If I cant find five thousand I sure cant 13 Trillion! If we dont get people back to work, We are not going to have anybody o put on the hook to try and pay off that 13 trillion debt.

    June 4, 2010 at 6:26 pm |
  187. Steve

    13 trillion dollar debt, that's the beauty of Capitalism. You think Wal-Mart, Microsoft, or Exxon is effected by our debt? No, but the average Americans are. Our entire nation, our culture is built on estimations and speculations pertaining to money. National investments to sustain special interest in China, India, in HOPES to benefit our nation. Borrowing money from China, shows who really benefitting in the game of Capitalism. Certainly not Americans.

    June 4, 2010 at 6:26 pm |
  188. ferrari

    how many $5 billion a day? tell me, jack, lets call a spade a spade, stop whinning and do the right thing americans, which is, raise the tax and get rid of the debt, its gonna be hard on we tax payer but thats the only way to save our future and that of the future generation.

    June 4, 2010 at 6:27 pm |
  189. Brenda Kele

    I do not blame President Obama one little bit. I think he is doing a great job. The cartel like thugs that ran the country before are the ones I would blame. They got us so deep in debt with their self interested wars. Have we already forgotten about that? It seems as though the media has very short term memory. You should work for Fox news instead it seems to me.

    June 4, 2010 at 6:27 pm |
  190. Lyn Haston

    Jack, Perhaps instead of pointing out the painfully obvious dangerous risk of deficit spending and instead of villifying the lawmakers and the President about it, you could actually do some real work and let us know "what" you think should be done. Then, you too can learn first hand how difficult this is to resolve without dramatically impacting large numbers of US citizens when those you adversely impact begin to take shots at how short sided your solution is in their minds. You say that the President and others shouldn't be talking about who is to blame and yet you seem to "blame" them for their inaction while "blaming" them for being slow to react to the Oil Spill, Failing to get jobs going, and getting people employed. Stop blaming and start providing solutions sounds like good advice- lead the pack by taking it yourself!

    June 4, 2010 at 6:27 pm |
  191. Fred

    Lots and lots of tax breaks later for the wealthiest since the end of the Carter administration, wars that they directly profit from paid for with loans,Social Security Trust Fund raided, and this is the result $13 Trillion in debt. Worried yes. Wait till the inflation kickes in to pay for it all, then even the rich 1-percenters will be worried when $1 billion can't buy a decent Mecedes.

    June 4, 2010 at 6:28 pm |
  192. Commelita, Silver Spring

    Jack, you're asking us? My bad. This really is a better question for George Bush and Dick Cheney. I mean, they are the experts on deficits. Hhhmmm, think you are 2 years to late on this one.

    June 4, 2010 at 6:28 pm |
  193. Joseph

    The debt worries me terribly. I actually backed the spending done by the president to help the country out of recession. But only, ONLY if it is followed up with dramatic debt reduction action once the economy is back on its feet. Well, the economy is getting warmed up. It's time for action. This may be our country's LAST CHANCE.

    June 4, 2010 at 6:28 pm |
  194. Charles (Houston, TX)

    Jack

    Of course I'm worried! As a college student, I know that I will be the one working my butt off to pay off all this debt, and so will my future children. This is insanity and it has got to stop. It would be great if everyone had healthcare, a roof over their head, food in their stomachs, etc... but we just can't afford that. If we continue trying to spend like this, pretty soon our country will be worse off than it is today. Doesn't that seem counterproductive to you?

    June 4, 2010 at 6:28 pm |
  195. Neven Singleton

    If we quit wasting trillions of dollars to fight the 40 yr The War On Drugs. A culture that has existed longer than Christianity itself. We could legalize and tax Marijuana users to dig ourselves out of debt. Obama preached change but we still don't see none. Now we are still treating patients as criminal and arresting political prisoner like Marc Emery.

    June 4, 2010 at 6:28 pm |
  196. Kate in Sw Fla

    Well, let's give more huge tax cuts to billionaires, Jack. According to JOhn Boehner and Mitch McConnell, that should certainly fix everythong. Seriously, this is the end result of Reaganomics, trickle down, market driven, laissez faire, whatever you call it. This is what it looks like – just like it looked in 1920, the last time the biggest businesses and their way-too-rich owners owned everything, including the government. While they sucked off all the real wealth that was created, they anesthetized the "rabble" with fake largesse, largesse they put on OUR credit card. Wake up America, before it is too late. CEOs need to take major pay cuts, then use that money to hire more employees! Non-governmental Keynesian priming of the pump!!!

    June 4, 2010 at 6:28 pm |
  197. ed

    it does not scare me - we have been there before and fixed it and we
    will fix it again – i pull in enough money on retirement that i would be
    willing to chip in some – im sure there are many out there that could
    also.. 60 percent tax on you know whom – it used to be that way didnt it.
    im older than you jack i know how to live on peanuts infact pb and js
    are my favorite... ed

    June 4, 2010 at 6:28 pm |
  198. Ashe (Florida)

    It worries me not because the number is big, but because a lot of it is being wasted on the wars. Every money spent on domestic agenda (healthcare, energy, education, etc.) is money well spent. It is an investment that will payout big time down the line.

    June 4, 2010 at 6:28 pm |
  199. Steven from Taos N.M.

    Hell No !!!! All I worry about is how to survive the coming complete collapse of this nation . The damage is done and there is no longer a political structure left to even begin to put us on the track to recovery . I'm looking for a place as far from North America is I can get . The lunatics have not only taken over , they are burning down the building as we speak .

    June 4, 2010 at 6:29 pm |
  200. Reggie

    Stick the debt in the oil well. Fix two problems with one stroke.

    June 4, 2010 at 6:29 pm |
  201. Dennis / Missouri

    Of course it matters. When you borrow you have to repay. When you spend beyond your means there are consequences to those action. Unfortunately this Administration and Congress don't know this or don't care. Question is, What have we done to our children, grandchildren, great grandchildren and on down the line. Turned them into slaves, but then again that's exactly what this corrupt government wants. Slaves to serve them. Shame on them. Judgment day comes for everyone, including them. Hallelujah!!!!!!!!

    June 4, 2010 at 6:30 pm |
  202. charles lisnet

    in america we want everything, but not pay for it. To solve the 5 billion in daily debt, is everybody ready for a tax increase? Or should we cut the programs we enjoy and have. The choice is simple. Somehow we have to make a decision, which is an impossible act.

    June 4, 2010 at 6:30 pm |
  203. Harold

    Jack you just said it "FIVE BILLION DOLLARS INTEREST A DAY"
    Obama inherited a deficit of 11 Trillion dollars from the Bush administration. Obama has been a President for 500 days. $5 Billion times 500 days = 2.5 Trillion. Means the present deficit reached 13.5 trillion dollars.. Hope you understand what I am saying.

    June 4, 2010 at 6:30 pm |
  204. Marsha Schwartz

    I'm appalled at the national debt. Are we a nation of spoiled children who have tantrums when we can't have our candy (ie:entitlements)? This isn't the time to be expanding our debt and printing more money isn't the answer. We know what it will take to be fiscally sound and so do our politicians. Expanding government and bureaucracy and handing out more stimulus dollars is just going to exacerbate the situation.

    June 4, 2010 at 6:30 pm |
  205. Donovan

    I am less scared about the $13 trillion debt than I am about the $100trillion ADDITIONAL trade it will take to pay off the debt.
    The financial collapse, rising unemployment, rising inflation, rising energy costs and the falling Dollar are ALL SYMPTOMS of failed US policy towards China. By manipulating the US dollar, China has artificially suppressed their currency making it cheaper to buy their goods and more difficult (or expensive) to export USA products. This manipulation resulted in significant cash outflows to China, who in turn did not buy US goods, but instead acquired significant energy resources in the world thereby driving up global energy costs and sped up the domino effect that led to the financial collapse.
    For every $1 that leaves the country due to Yuan manipulation, we are losing $5 to $7 worth of circulation. This translates a loss of $5-$7 worth of equity if equity sales equals sales.
    The way to lie to america is to borrow like crazy and then spend like crazy as a way to manipulate GDP into a false sense of complacency. Take the loans spent and the multiplier out of GDP and the US will have only been in the green for a few years since Reagan who started this crap!

    June 4, 2010 at 6:30 pm |
  206. Rick

    I worry to much, this debt its overwhelming and still going in the wrong direction. When we make payments on just the interest how do you expect us to climb out? I just hope we dont default.so thank you mr. obama for making a comittee to observe, and not change anything, which is money we could be spending to change this debt situation instead of observing our debt.

    June 4, 2010 at 6:30 pm |
  207. margie illinois

    I'm not worried at all jack.i know it's necessary and when the time is right this administration will begin to reverse it. i think president Obama is doing a wonderful job with what he inherited.unlike some of america i have faith in this president. after all we have been through with the previous administration he's a breath of fresh air.

    June 4, 2010 at 6:30 pm |
  208. Nancy Long

    Yes I'm worried the moronic media will continue to preach doom and gloom instead of pointing out that if we made the corporation pay their fair share it would not be that big. If the Fat, Worthless, CEO's were taxed for their wages fairly we wouldn't have a problem.

    June 4, 2010 at 6:30 pm |
  209. James in Idaho

    Jack, I don't worry if I can help it. About anything. The act of worrying doesn't solve any problems, but it does cause quite a few.

    Conventional wisdom might tell you that worrying help you gain a sense of caution, but that's not what worry is. Worry is the act of doing nothing while concerning yourself with the notion you should be doing something. Worrying wastes time, cvauses stress, which inturn causes stomch upset and possibly acid reflux which causes bad breath which turns off potential interviewers for a job, makes oyu feel sick, causes loss of apetite or the other extreme to eat excessively.

    In short Jack, I'm too busy dealing with what I have to worry about, and I'm not going to waste my time and cause myself to worry even more.

    There's a reason FDR said the only thing we have to fear is fear itself... because he was literally right.

    June 4, 2010 at 6:31 pm |
  210. Ike

    I can't be worried about any debt but my own right now. I'm 60 years old, unemployeed, too disabled to do my old job, but not disables enough to get disabilitied.
    As long as we have politicians who lie their way into office, spend all their time fighting everything the other party wants to do, wether its the right thing or not, and diddeling every hoochy they can, we aren't going to get things right.
    The banks and big business have us by the b...s and the republicans are to worried about becoming "socialistic" to do anything about it. They don't mind taking money from them though.

    June 4, 2010 at 6:31 pm |
  211. kim

    Wars cost money!

    Social Security costs money!

    Medicare costs money!

    Veterans care costs money!

    Unemployment insurance to the umemployed costs money!

    June 4, 2010 at 6:31 pm |
  212. jon parry

    It took 206 years for America to get one trillion in debt. The last trillion took a little over a year. I hear if we line up $100 to Jupiter and back thats what 13 trillion looks like. Am I worried? I am disgusted! There was not even a questioning of the $800 billion approved by congress before the Memorial Day break. We got attacked by 19 guys with box cutters on 9-11 which probably ran them the whopping sum of $50 bucks. And we have been spending trillions of dollars ever since trying to destroy them and from my view we are no closer than we were on Sept. 12th 2001. How much money do we waste on war? Bailing out Wall Street wasn't cheap either. Who's money is this? I pay taxes but I don't have any say in where the money goes. We need a COMPLETE economic overhaul in this country.

    June 4, 2010 at 6:31 pm |
  213. Abel P. Ochoa, McAllen, TX

    Think about it like this, the USA is too big to fail and we must bail it out. Unfortunately, only the extremely wealthy corporations and about 1-2 percent of Americans who are billionaires can afford to do it and bail out our country to save it. How could they do it? Easy, all they'd have to do is to finally pay their fair share of taxes. Will they do it? I doubt it–they'll probably hire the necessary tax experts like they always do and they'll expect the poor and average American workers to do the job.

    The very wealthy and their corporations think they can remain billionaires like they've always been and have the rest of us American workers continue supporting them. They don't realize that American cannot be a strong and wealthy nation when 90+ % of us, are poor to near average Americans.

    June 4, 2010 at 6:32 pm |
  214. gene michaloski

    Re; National Debt

    Maybe it's time to do what congress did to help pay for the Vietnam war.
    In 1968 and 1969 there was a 10% surcharge tacked on to the federal taxes you paid. You computed your taxes and added 10% to that amount.

    This was for both corporations and individual taxpayers. (The large corporations' calculation would be easy. Just take 10% of zero and add it to the zero taxes they pay.

    This might help providing the government take the scissors and cut up their credit cards.

    June 4, 2010 at 6:32 pm |
  215. Eduardo A. Renta

    Jack,

    As a new father with a one year old daughter I wonder what world are we leaving behind for the next generations to come. I wonder if we have damaged so much that there's no going back. Our fundamentals are all out of whack and we just can't seem to get anything right. Greed and selfishness have taken over contempt and selflessness.

    I hope for the sake of My little Ava that we can turn this around, but in all honesty I don't think that's going to happen, and my daughter will never know the world which I grew up in.

    This is very sad...

    Keep doing what you're doing!

    Best Regards,

    Eduardo A. Renta

    June 4, 2010 at 6:32 pm |
  216. Kat

    Jack,

    I do worry about the national debt, but on the other hand all of us need to ask ourselves ; what we are doing to live a more simple, frugul life? From the cradle to the nursing home, over every economic level of society, wasteful spending run a muck!. Here are a few examples;

    1. Babies want to wear designer clothes which their parents buy, but then they have to "BORROW" money to go to college......who foots the bill for that?

    2. Young adults party hard throughout the first 10-15 years after highschool without a thought to savings then when they are older and broke they nees FHA to buy a home..Who foots the bill for that?

    3. Elderly people will save their SS checks to gamble at Bingo or the Casino but when they need healthcare....where do they turn?

    If we are serious about reducing our natinal debt then we have to firstly clean the fog from our own debt burden mirrors.

    That's real talk:-)

    Much Love Jack don't mind if people call you cheap! That's the way to go!

    June 4, 2010 at 6:32 pm |
  217. JimGreen, Seguin, TX www.Inclusivism.org

    Jack – we have a $13 trillion deficit because of the reckless and irresponsible policies of the Republicans – so they could line the pockets of their richest contributors – and Obama had no choice in shoring up our economy that was in meltdown because of these criminal policies—and because deficit spending is the only tool governments have at their disposal in this type of crisis—so first, let's be honest about why we are, where we are.....then we can start talking about solutions -

    June 4, 2010 at 6:32 pm |
  218. empea

    The burgeoning debt level is extremely worrisome. There does not appear to be a solution to eradicate it in sight. The government should be forced to do what human beings and (most) companies are forced to do when cash flow is insufficient to service and reduce debt – clean house and liquidate assets. Maybe sell Alaska and throw Palin in as a loss leader?

    Thank you for addressing this. I wish more mainstream media would.

    June 4, 2010 at 6:32 pm |
  219. Ed from Montana

    Well, let's put it this way, I used to laugh at the survivalists with their stockpiling and preparations, and now I am one and doing my best to stockpile and prepare. Remember the Soviet Union? It went broke and fell apart inside of one year. Remember what followed? Tell me what will be different between the Balkans and Arizona when the time comes.

    June 4, 2010 at 6:32 pm |
  220. RobsterVa

    Amazing how those responsible as a profound source of our nation's problems: political deregulation and other political maneuvers, are not held accountable for the results of their actions. Too much cleanup once more without blame where it belongs. BP is more responsible than the Conservative Agenda Specialists who have failed so many Americans and should be billed by America for their selfish and greedy actions. shame President Obama is answering for this mess. Certain the Republican agenda is pleased they left us in a huge mess! Rob, Arlington VA

    June 4, 2010 at 6:33 pm |
  221. David P Vernon

    Tucson, AZ – I do not worry about the debt now – we cannot afford to cut government spending or raise taxes until the recession is well and truly over, if we want growth rather than shrinkage of the general economy. That said, the debt is the product of our electorate, demanding more from Congress in the way of benefits and less in the way of taxes. Our Representatives are responsive to our own, ignorant, short-sighted and narrow-minded demands of them – it is not about "courage", but about the expressed will of the people which is expressly quite stupid. It will require a massive public education effort to explain to the public that deficits and the debt reduce the buying power of the dollars in their pockets, and that both higher taxes and lower handouts are needed to protect their own wealth!

    June 4, 2010 at 6:33 pm |
  222. Michael P. Powers

    Why worry Jack, if stuff like what's happened in the Gulf keep happeinig, and Cadillacs keep being built with 566 HP, God's just going to get really pissed off and end us,(the human race) as an experiment that didn't work!, So it won't matter how much, or who we owe what... Nothing from nothing leaves nothing!

    Mike, Pikeville, Tennessee

    June 4, 2010 at 6:33 pm |
  223. Joe

    Hey Jack, how much do the two wars cost? Any thought of reconciling the budget has to be realistic enough to understand no country in the modern era can balance its' budget, while fighting two wars.

    Joe , Binghamton, NY

    BTW how about sending some of Halliburton's money to me! After-all, it was given away to companies like Blackwater for doing almost nothing. In other words, bad contracts with little substantiation of ever doing anything for the government.

    June 4, 2010 at 6:33 pm |
  224. Michelle

    We're in debt?

    June 4, 2010 at 6:34 pm |
  225. Anthony

    Jack, I agree with you that the deficit is obscene. However, it amazes me how analytical CNN has gotten since Obama got elected because you didn't question Bush at all and yes, you have to start there. Bush started these two money pit wars while cutting taxes at the same time. I guess I'm the only one who knows that Bush is the first President to go to war and cut taxes. I seem to remember Donald Rumsfeld saying we would only be at war for "six days, six weeks, I doubt six months". Bush and Rummy were wrong. Do the math because that's the answer to your question. You're asking the wrong President the wrong question and you're late doing it Jack.

    June 4, 2010 at 6:34 pm |
  226. James in Idaho

    As far as worryign abotu debt, how abotu coming up witha solid business plan that's not only profitabel shrot term, btu long term as well. Here's a novle idea, hwo abotu we put everyone on solart panels, eliminate a power bill AND not give money to terrorist breeding countries at the same time?! Whoda thunk?

    All worrying does is cause you to create more t problems by wasting your time worrying abotu your problems instead of delegating your time wisely to deal with them.

    June 4, 2010 at 6:35 pm |
  227. Nikki Oldaker

    How much do I care? As much as all the other millions of people that knew better than to vote for a Presidential candidate with NO business experience what-so-ever! Obama and his Merry Dems are bankcrupting our great nation – numbers don't lie Jack -people do.

    June 4, 2010 at 6:36 pm |
  228. Robert Torres

    The previous administration gave the Rich & Corporate Rich tax breaks, cut funding for oversight, allowed corporations to police themselves i.e. banks, wall stree and the oil companies.

    In addition they started a war with Afghanistan and then abruptly changed the focus to Iraq. Both these wars continue to cost us a ton the only difference is that Obama put the cost of these wars in the budget the Republicans did not.

    My point is that we inherited a huge mess less then two years ago from an administration that was in charge for 8 years...how do we expect this or any administration to turn the ship around in less then 8 years?

    I think this administration is trending in the right direction...stay the course Mr. President!!

    Rt

    June 4, 2010 at 6:37 pm |
  229. Fred

    I believe every city, county and state is trying to outdo the federal government in taxing and spending (I call it wasting) taxpayers hard-earned money. The "feds" are just leading the way to a financial disaster that are worse than a hundred Katrina's and Gulf Oil Spills. There aren't any "good times" in our future.

    June 4, 2010 at 6:38 pm |
  230. Shane Hayes

    Jack,

    There is no more important issue facing America today than the federal debt bubble. It could destroy us. Thank you for bringing it to the attention of your readers. Please keep pressing this issue. That is the greatest service you can render this country at this point in our history.

    Shane

    June 4, 2010 at 6:38 pm |
  231. L.A. Cafferatta

    Scary as hell man.. What is there to do.. We cant back out of the hole the Gov. has made for us. This massive debt will consume the states and leave it, maybe if we are lucky a 2nd world nation...This is the only beginning of the worst, there are still massive foreclosures.. Wall Street is still getting richer. I think we should have let these banks collapse, no thing is to big to fail...Their failing would have truly corrected the market..Sure things would be tough, but just as we have done before we would have pulled ourselves up, dusted ourselves off and started again.....By the way that 5 billion a day at 30 days is 150 billion which would be a whopping 900 billion by the end of this year, very scary please tell me my math is bad, cause I would like not to believe those numbers .....

    June 4, 2010 at 6:38 pm |
  232. Rose

    I worry more about a fanatic bashing our government and our President nightly. This President walked into the biggest mess any previous president had to deal with. Perhaps if you come up with solutions to all you gripes about America nightly, I am certain the President will lend you his ear.
    This nightly "why isn't the president showing anger? We had one of ours lose his life in Afghanistan last week and we are subjected to 24/7 coverage of oil spilling in the Gulf. No mention of the fallen. The president isn't an oil man, that would be Bush/Cheney, remember them?

    Rose, Oakdale, CT

    June 4, 2010 at 6:39 pm |
  233. Jay in Canada

    I worry because the people in any position of power won’t come out and say that your debt will never, ever be paid off as long as the population of the country continues to grow farther beyond the capacity to sustain itself. People need to stop having children by the litter, and everyone who can do math knows this. But the campaign slogan “The less mouths to feed, the less money we’ll need” is a campaign slogan that would never fly in political America, no matter how true it may be. And you'll drag us all down with you.

    June 4, 2010 at 6:39 pm |
  234. Chris, Ashland, MA

    Not at all. The national debt is paperwork money, just a number on a spreadsheet. America is the ultimate consumer society, and we still have most of the world's real money. We are the buyers who purchase the stuff that the rest of the world manufactures.

    June 4, 2010 at 6:40 pm |
  235. chris beadnell

    wow what a sitution our country is in.this is reminder of how small we really are.i just pray that our Lord can bless us with the engineers n scienctist that will preform this deep sea operation.i believe that we are talented enough to do this but look at what kind of disater we will be dealing with.the damage is to great to point fingers.at this point in the crisis we need to work together as a world and inventory what is really important to us.either we can cap this leak n go more in dept finnacially and kill ourselves or maybe to late for us.
    God bless

    June 4, 2010 at 6:40 pm |
  236. Alex Augusta, Ga

    Jack,
    It never ceases to amaze me how the 'sky starts falling' as soon as the Republicans are out of power. For four years, we have to constantly be told who the bad guys are, what they are doing and why its bad for us (all Democrats I might add). Where were you, like so many of your 'colleagues', when good ol' W was waging a war in a country that had nothing to do with 9/11 or weapons of mass destruction, all the while keping the BILLIONS it cost off the books. Certainly not sounding the trumpet of fical irresponsibility!

    June 4, 2010 at 6:40 pm |
  237. Mark

    Where was your opinion when the debt was 10 trillion????
    Were you talking then against the president? Show us or be quiet.

    What you are doing is what keeps us divided and not getting ANYTHING done. You wait! What you are doing is going to really hurt your PERSONAL way of life to. Sooon!. These people who you are dividing will eventually come into your back yard when they are hurting enough.

    Why dont you say something about that Mayor in Louisiana wanting oil drilling to continue without changing a thing and blaming that on Obama too.

    What the heck do you people want the man to do?? He cant win with you people. That smacks of more than just partisanship in my book.

    I will turn the channel when you speak irresponsibly from now on.

    June 4, 2010 at 6:42 pm |
  238. Victor

    Criminal? What they have done? Jack, give me a break. We are a nation of cry babies. We have turned finger pointing into a fine art. We want to be lied to and refuse to elect those who would tell us the truth. No wonder those we elect have no spines.We lack the sense of shared sacrafice needed to correct decades of National over indugence and accuse those who would tell us we need to pull together the way they did in WWII of being un American. Untill we can stop whining and really stand up for our nation the dept will never be fixed

    June 4, 2010 at 6:42 pm |
  239. Gregg

    Just did some quick math- to pay off 13 trillion dollars at 1 million dollars a day would take 35,616 years, without any interest!

    There will be generations not even thought of that would be saddled with that debt.

    June 4, 2010 at 6:44 pm |
  240. Dave Weakly

    Just read some comments, and what really scares me is the "What, me worry?" attitude of the responders to your question. You remember the old joke about the defensive position you assume when the A-Bomb drops? Well, get ready to pucker up. Sorry, but there isn't anything else to do within the system we operate under, and no one has a better system, do they?

    June 4, 2010 at 6:45 pm |
  241. Brent Thicksten

    This is the most ridiculous thing I've ever heard of. Our Government has gotten completely out of control. Taxes, taxes,taxes. Where does it all go? The government taxes us to the point we can barely afford to pay our bills anymore, and it's still not enough! They are like a bunch of little kids turned loose on a playground without supervision, But worse. Wev'e given these same little kids the authority.Things are not going to change. It's simply become too easy for them to take change from their piggy banks, whenever they feel, and when that runs out they borrow from the neighbors piggy bank, with interest. All of this is done at our expense, the taxpayer. They do whatever they want behind closed doors without any sort of accountability. In short this is the nature of the problem. We have failed them, and we have failed ourselves. We are bad parents! It is time to start holding each , and everyone of them accountable. Until we can figure out a way to do this the problem will continue to escalate, and our country, our economy, our lives, and our childrens lives will continue to spiral out of control. If you think all of this is bad? Just wait till the full economic effect of this oil spill is felt. We are literally on the verge. of a complete meltdown, In epic proportions so great it will make The Great Depression look like a leisurely stroll through the park. In a nutshell there is only one word to describe all of this, Greed.

    June 4, 2010 at 6:46 pm |
  242. jose

    Jack, I hope you do one of those CNN facts checks and go back to where Obama said he was going to lower the National Debt, a mejor reason why so many people voted for him. We are going down and it will show us to elect qualified people to the public offices, I can laugh, you were so happy when Obama was running. enjoy our elected oficials.

    June 4, 2010 at 6:46 pm |
  243. Michael in Phoenix

    Why worry about something I have no control over. I am more worried about who the public is going to vote in next.

    June 4, 2010 at 6:47 pm |
  244. Andrew Mueller

    Right on Jack ! The Gulf Cost issue is a big deal, but a short term issue, less than 5 years, while the federal deficit is is going to effect more Americans for many years to come. The president and congress need to make the tough decisions to eliminate the debit. We have citiies with debit rating below the debit rating of Greece. It is time to start making cuts to all the social programs, federal salaries, and goverment pork.

    By the way, the media and government need to keep beating up BP. They are an internal company, when they pull out of US operations, how many jobs and how many tax dollars will be lost. Some one needs to report on the how well BP has responded, draw the comparison to previous environmental disasters and government responses to natural disasters. BP is doing better than the federal government has ever responded to a natural disaster and better than any other major industry when they have a crisis. Hell, the American people had to bail out the auto and banking industries.

    June 4, 2010 at 6:47 pm |
  245. Michelle

    Considering I have been listening to news clips about Detroit filing for Bankruptcy, yeah I worry about it all the time. I have seen businesses fail, houses get foreclosed on, and people even hurting themselves because of the economic outlook right now. Economic genocide, that is what it currently looks like to me and it scares me, because the strongest survivors are not the ones who will bolster this country. Forget the political fall out, and start cleaning house before its to late (oops, it may already be to late).

    June 4, 2010 at 6:47 pm |
  246. Richard Brechlin

    This is another disaster waiting to happen where the "experts" will claim "who could have imagined......?", but simple common sense screams for attention. It is no different than an oil puddle six square miles wide and 30 to 50 feet deep sitting in the gulf for 45 days and NO ONE is doing anything to clean it up before it comes ashore. And what good is cutting a $3 trillion annual deficit in half in six years? That means our debt will increase to over $20 trillion. Our entire way of life is at risk!!!!!!

    I have written to the President and my Congressmen asking "Why is being reliant on China to fund our debt any any better than being reliant on the Middle East for oil?" I get no reply

    During the Olympics Fareed Zacharia interviewed the Prime Minister (or maybe it was the President) of China and asked him point blank,"Should Americans be worried about the possibility that China would use its reliance on China funding our debt?" The official gave a long winded answer which in essence did not say "No."

    One characteristic of the Depression no one wants to mention is the fact that 100% of our nation's debt was held by Americans

    June 4, 2010 at 6:47 pm |
  247. Molly

    Yes isn't it great that we have this huge debt, but we go ahead and volunteer to pay for national health care. Where is this money going to come from. You thought they handled Medicare and Social Security horribly just wait until it's "your" health care.

    June 4, 2010 at 6:47 pm |
  248. Oilbama

    It's not the $13 T that aamerican shoulbe worry about, its $the 20 T ,that Democrats Plan to ring up ASAP.

    Ka-shing, Ka-shing

    June 4, 2010 at 6:48 pm |
  249. Mary Metler

    I can't and don't worry about the trillion dollar debt. What would be the point besides raising my blood pressure and staying up all night being angry at the federal government for their stupid decisions. The bottom line is no one wants to raise taxes but we will not be able to pay off any of this debt if we don't. It comes from being a nation of consumers and not producers. We need a new product to develop and sell nationally and globally. Perhaps Obama can make a deal with the Pharmacuetical companies to lobby for money to pay off the debt because they seemed to do a good job at lobbying for their pockets in the healthcare bill!!! You can't blame the debt totally on Obama. The government needs a workover and restructuring. We also need to be realistic as a nation and realize that there will be diasters every year like the oil spill or fires in California or Tornadoes or mudslides or hurricanes. We have abused the land and now we are paying the price literally. We need to get out of Afganistan, Iraq, close the borders, come up with real immigration reform, tax reform, financial reform, reform, reform reform reform.....

    June 4, 2010 at 6:48 pm |
  250. Phil Peltonen

    If we don't point fingers, we're going to end up with a Bush clone toady to big oil and Wall St. in the White House with the same policies that got us into this mess. We need to let President Obama have time to get the economy moving again and try to stem the financial gusher as well as the oil gusher.

    June 4, 2010 at 6:49 pm |
  251. Tim

    Complain, complain, complain, that is all you people ever do. Instead of working with the President to get America back on track, all you do is to try and subbotage his presidency. Everybody is against tax increase, is'nt it the taxes that help pay for all the services that the government provide as well as the debt that is being created? America needs to wake up and smell the coffee, days of free ride are over people should live within their means and start being responsible. Stop looking for quick fixes some things take time to resolve and require a lot of patience. work with the president to get out of this mess and politicians need to stop worying about serving their behinds in November but pass the financial refrom bill

    June 4, 2010 at 6:50 pm |
  252. Michele Dolphin

    Jack, I can't worry too much about the economy because I have to preserve my health so I can help the three unemployed people in my immediate family. However, I am willing to donate $10.00 a month to a non-profit credit union account to donate to the federal government to help decrease the debt. If every family in America donated $10.00, would this drop in the bucket help? My preference for those to oversee this account are house wives who know how to stretch the household budget, who like me will add more beans to the menu to come up with the extra $10.00. Also, please try to be more upbeat and encourage us to act positively to help our great nation. Thanks. Michele Dolphin

    June 4, 2010 at 6:50 pm |
  253. martina

    I am too old to be worried about how much we owe.
    I am sure someone will work it out to their advantage as time goes on.
    Clinton by the way balanced the budget but no one wants to talk about that. Republicans and Democrats worked together to get it done. He was democrat pres with republican controlled house and senate. How did he get it done? maybe you should ask Clinton what to do.

    June 4, 2010 at 6:52 pm |
  254. Allen in Hartwell GA

    Jack, yes I'm very worried about our country's debt. I wonder how much the increase could be cut if we weren't spending billions still on the ill-advised invasions of Iraq and Afghanistan. At least some of the deficit spending now is helping the country, but we need to stop spending money propping up puppet governments that can't or won't stand on their own.

    June 4, 2010 at 6:53 pm |