US Government Debt

The US government has always carried debt and always borrowed what they needed.  The first debt paid for the Revolutionary War and has paid for every war we fought.

 

In 2005, the US National Debt was $5 trillion. By 2008 it was $10 trillion and now is over $20 trillion.  Our debt needs to go back to $5 trillion. We can grow our way out of adding to this debt and have made most of the changes we need to make. But paying down this debt to $5 trillion will require shrinking the federal government footprint and delegating the unconstitutional activities from the federal government to the states.

 

https://www.usgovernmentspending.com/debt_deficit_history

https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm

https://en.wikipedia.org/wiki/History_of_the_United_States_public_debt

 

Norb Leahy, Dunwoody GA Tea Party Leader