Restore America – National Economy

Restore America – National Economy

Restore America (Exercising my 1st Amendment rights to Freedom of Speech) NATIONAL ECONOMY         Historically, until 2007 this country has carried, what was considered a manageable annual budget deficit and an associated national debt as compared to the Gross National Product. Since the 2008 inauguration of President Obama and with the support of a Democratic controlled Senate and a lackadaisical Republican House of Representatives, our national debt has grown at an exponential rate and today (Sept 2014) at $ 17.8 trillion it has more than doubled and by 2019 it is projected (conservatively estimated) to reach beyond $ 21 trillion (Ref United States National Budgets pg 12 of this paper).        The major drivers inflating the national budget since 2007 are Health Care which increased by 163 %, the National Debt by 198.9 % and the attendant increase in the national debt have contributed to the 219.7% increase in the interest due on the National Debt .        The current level of national debt $17.8 trillion equates to a personal debt of $55,694 for every man, woman and child in the United States. If amortized at 2.89 % interest for 30 years the monthly costs per citizen would be $232.00 or $ 696 for a family of three. While that may appear to be an achievable goal in actuality, according to some economists, the United States national debt cannot be paid off because that debt continues to grow exponentially, both through interests on the debt ($ 2.17 trillion since 2008) and the continued added debt accrued through the gross budget deficit spending ($ 993.6 billion annual average since 2008)....