For those who study history, we know that this Nation was built on debt. We've been in debt since. It seems that we went into debt in order to get what we wanted... in order to pay for things that we need.Buying a house or a car is debt... do you call that bad? I say it's necessary and overall... good. If it weren't for that debt, we wouldn't have it.So lets discuss debt. :)

In the UK and I guess, the US and the rest of the world, you can either go to a debt help company or a charity for help and a possible debt solution. What I think isn't understood is that charities get funding via donations from the people we owe money. This gives them leverage. The companies charge fees but good old capitalism keeps them competitive. Which one would you choose?

MOST DEBT1)New York 2)New Jersey 3)Illinois 4)Massachusetts 5)CaliforniaLEAST DEBT1)Texas 2)Florida 3)Alaska 4)North Carolina 5)Tennesseehttps://worldpopulationreview.com/state-rankings/debt-by-state

Democrats are ONCE AGAIN buying votes, telling irresponsible voters that their school debt will be forgiven if you VOTE FOR ME!This debt forgiveness will of course be taken out of hard working American paychecks.Here are a few questions to ask before voting for these corrupt Socialists stealing your money for votes...What message does this send to the responsible students and parents, who stayed within their means, not taking out huge loans that could never be paid back. It sends the message that you can have your cake and eat it too! In every part of life, you simply live above your means because tax payers will someday be forced to pay you off.What do you think will happen to tuition costs and enrollments in Colleges, when anyone can go there regardless the cost? As with everything else the Government touches, costs will skyrocket when subsidized by tax payers.We are over 20 TRILLION in debt, so who will pay for all this free stuff? If you actually believe that only Rich people will pay for this... YOU TRULY NEED SERIOUS HELP!What will this do to all the Valedictorians etc., who earned their spot in expensive Universities?What person will want to keep paying off their school debt, if they now believe the debt might someday be forgiven?Democrats are truly destroying the work ethic in this nation. They constantly push forth the no fault ideology whereby you are not responsible for the choices in your life.The Left tells you... IT'S NOT YOUR FAULT when taking out those huge loans.For all those responsible hard working students choosing less costly Colleges? You are saps!This results of this Leftist Socialistic no fault ideology can be seen with so many people refusing to pay back debt from their Credit cards, automobiles, home mortgages, etc. etc.Remember the so called great recession when Democrats told banks to give home loans to people with bad credit risks? How did that work out?YOU will be paying to bail out spoiled dead beats choosing to live beyond their means, NOT RICH PEOPLE!YOU!

Countries in the middle of recovering from a natural disaster getting debt relief.

This was a quote presented by my Economics professor. He claims that our social issues are clouding an even bigger global issue- Debt. In the United States, we have trillions of dollars in debt. We have no real solution as to  how to solve it, and we aren't even paying back these debts. We are just trying to find ways to reduce the amount we accrue. Globally, many other nations have the same issue. Could this much deficit endanger the safety and security of a nation? Secondly, as I thought about it more. I realized that as Americans we also accrue debt upon debt. We "buy" houses and cars, but in reality they belong to the creditors. It's an illusion that doesn't become evident until after a crash, ask the people who lost homes in 2008. Plus, because of interest, people end up spending more than the value of the item purchased.  So, my question: Do you think we need a change; a better way of purchasing High-cost items? If so, any other systems that could help? 

Some people subscribe to the notion that the U.S. economy is recovering from the Great Recession. Others subscribe to the notion that the U.S. economy is entering, has entered, the Greater Depression.  But regardless of which notion one chooses to embrace, let’s consider the question of this debate. Did the U.S. economy enter into the current recession because of too much debt, or too little credit? If the recession is the result of too much debt, then the economy is suffering the consequences of too much debt, and hence the crisis that began in earnest during 08’ and continues until this day, is a debt crisis.  But if the recession is the result of too much credit or not enough credit, then the economy is suffering the consequences of credit availability, and hence the crisis that began in earnest during 08’ and continues until this day, is a credit crisis. Either way, the crisis must be the result of debt or credit, proper. Credit cannot benefit an economy. Ever! After all, until credit becomes a debt it is not contributing to the economy. (I may argue these premises if no one takes the torch.)

The Democrat party has truly been taken over by extremists who are corrupt politicians who constantly want to buy votes with our tax dollars. I ask you, are all Democrats complete morons or do a few of them have any common sesne at all? These fools pushing this hogwash are using the same lies as politicians have been saying for decades. They say we should spend more on free College to get all these graduates to grow the economy and then the added tax revenue will cut our debt. LIE, TOTAL LIE! IT NEVER HAPPENS! OUR NATIONAL DEBT NEVER COMES DOWN AFTER A RECOVERY IN OUR ECONOMY! THEY ALWAYS SPEND THE ADDED REVENUE AND NEVER PUT IT TOWARDS THE DEBT! IT ALWAYS KEEPS GOING UP! Who do you think will pay for free College? THE MIDDLE CLASS AS ALWAYS! Democrats will NEVER raise taxes on lower income people to pay for their free College and the Rich can find ways round the higher taxes. This is how Democrats spin it to middle class Americans...... they will say they care about the middle class and will help you out with free community College, all while we raise your taxes to do so. How about the middle class that have no kids or they have kids who do not want to go to College? With Democrats it is always TARGETED tax cuts, or subsidies for the certain few who might vote for them. If they ever taxed ALL Americans who work to pay for these social programs, you would hear a loud voice screaming ...NO FREE COLLEGE! If they had a decent honest bone in their body they would be finding ways to cut the cost of College rather than CONSTANTLY raising taxes, or making it so easy to take on huge College loan debt, or now trying to give free college which allows Colleges to keep raising tuitions. It's insanity and is done purely for political reasons. Our nation is dieing from corrupt Democrats who refuse to cut spending. Are the Republicans perfect? No, Bush did not care about cutting spending but he is not the Repubican party. They are the party that at least tries to cut spending, keeps trying to get balanced budget amendments started only to have Democrats tell them it is dead on arrival. The GOP allowed military defense cuts but the Democrats refused to cut any social program spending. The GOP does not try to spend more to buy votes! It is obvious which party spends and taxes more and to deny so wastes our time. When will the adult intelligent voters start screaming enough is enough? It won't happen from Democrats. They spend all their time worrying about Gay marriage, Global warming, buying votes, going after illegal immigrant votes, taking our guns, etc. STOP THE SPENDING!

In the last 1.5 years, the debt has increased by more than 1.5 trillion dollars.last 18 months under Trump:7/2/19 - 22,023,154,457,098.571/2/18 - 20,492,598,761,860.61debt: $1,530,555,695,237.96 ($1.5 trillion)similar period under Obama:7/2/15 - 18,151,991,536,019.171/2/14 - 17,315,970,933,899.63debt: $836,020,602,119.54 ($0.8 trillion)https://treasurydirect.gov/NP/debt/currentIf the economy is so great and tax-cuts pay for themselves, etc. - why is the debt increasing so fast?

I'd like to clear a few things up for some of the users on here. The national debt is representative of growth, and it should be expected that as a country prospers, their debt increases. The deficit, on the other hand, should be low. The deficit is the difference between the debt and income. As you might have already guessed, a country strives to have as low of a deficit as possible, even better if the value is negative (represents a surplus).

in the 3rd 2016 presidential debate, hillary clinton famously declared that she would not add a penny to the debt .why chris wallace did not call her out on that is beyond me .no presidential candidate could honestly make that promise, not even gary johnson (the one candidate who wants to reduce the debt) .maybe she meant that her new spending would be paid for by her tax increases, but it seems she forgot about the existing spending that adds trillions of dollars a year to the debt .auck !.my guess is that she will close to double the debt, same as bush and obama .but i suppose she will find a way to sweep this promise under the rug .

Members of Congress and the White House have been going round and round for weeks in their talks about the debt ceiling. But what if they're missing the simplest solution of all?

United States Debt HOW MUCH IS A TRILLION DOLLARS! OR WATCH THIS TRILLION DOLLARS OR THIS TRILLION DOLLARS NOW TIMES THAT BY 13!!

  Let's say you come home from work one night only to find out that there has been a sewer backup and you have sewage up to your ceilings.Do you: raise your ceilings, or  pump out the crap?

Today, there have been many problems with the Nation's money; most of the problems trying to be pointed at Obama and things related to such. Well let's just say that we exclude him and look at the real facts. What would truly be the causes of debt that is happening today that happened back then?

Given the current economic status of the United States, do you think the country will default on it's debt? If so, how do you think this would affect US citizens? OPEC? Foreign affairs (trade, China, Israel, Middle East, etc.)?

Why do you suppose most Democrats never talk about that 19 trillion debt? Do you think those on the Left do not understand debt and what it costs every American to pay the interest on that debt? If there was ever an issue that so clearly defines the intellect of those on the Left, it is our national debt.The reasons Liberals never mention the debt, as we see on this site as well as on the Democrat debate the other night, is because their entire ideology is built around creating bigger more intrusive, more expensive Government to pander to the voters, and this takes huge amounts of money.If Liberals stopped giving away other's hard earned income, they would never get elected because other than redistributing our money, they are absolutely clueless on how to run a nation as Obama has shown. Their only means of staying in power is to pander to the masses, creating a dependence on Government and thereby creating a voting block that keeps them in power.So you see, Democrats can not talk about the debt, or cutting spending to reduce that debt, because their spending of our money is the only thing keeping them in power.

Debt consolidation is a service that has helped out many people who have a lot of debt spread out over many debtors. If you're tired of paying many different bills each month, you may find this service is right for you. Continue reading to learn some tips that can help you in the process.If you think you have a debt consolation company that you want to work with, make sure you look them up on the Better Business Bureau. You should be able to see consumer reviews, which will help you determine if you really want to do business with them or not. Even doing a simple search online for the company's name may bring up some helpful information.Avoid debt elimination arbitrators. These companies love to claim that your debt can be eliminated, though in reality they know that only bankruptcy can result in total elimination. The best these companies can do is reduce the debt you owe. Surprisingly, this is no different than you could do by calling and negotiating with creditors yourself.Find out whether or not the counselors at a debt consolidation company work on commission. Those that do often have ulterior motives. You may be advised to get a certain type of service that is not necessarily in your best interest. Someone who is not working on a commission is more likely to look at the whole picture and figure out what is best for your needs.Focus on consolidation services that look at long term goals. Consolidators that offer a quick fix for your debt and credit woes may not get you the best results. Those that focus on creditors one at a time, improving your credit score with each successful negotiation, will wind up saving you money in the long run.If you are a homeowner and have lots of equity in it, try taking out a line of credit or home equity loan. This can help you use use that money for nearly anything you desire, including debt consolidation, and the interest paid is tax-deductible. This will help you save money in multiple ways.Never borrow money from someone totally unfamiliar to you. Loan sharks are aware that you're in a poor situation. Always use a legitimate lender who charges reasonable interest.

When Obama came into office, the US debt was about 10.6 trillion dollars. Now, after about 3.75 years, it's up to 16 trillion dollars. Many blame Obama for this, but is it true? While in office, Obama has raised spending at an anual rate of 1.4% - slower than any president in the recent past (link). However, revenues have fallen massively, due to a recession already in play when he was inaugurated. A stimulus bill was passed to try and reduce these effects (included in the spending growth rate), but this was criticized as being too small. There is a widespread belief that the huge amount of US debt is Obama's fault, and no one elses. But how well founded is this belief really?