April 23rd, 2008

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Obama on the National Debt

A national debt clock: http://zfacts.com/p/461.html

Obama says we should end the war in Iraq to save the money. He thinks we should pay as we go.


Senator Obama voted against the most recent effort to raise the national debt limit.
http://obama.senate.gov/issues/good_government_responsible_spending/

The Outstanding Public Debt as of 09 Apr 2008 PM GMT is over 9 trillion dollars.
The estimated population of the United States is 303,776,896 so each citizen's share of this debt is $31,088.47. The National Debt has increased an average of $1.68 billion per day since September 29, 2006!
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Hillary Clinton on the National Debt

It seems the last time she was willing to tackle the issue directly was back in 2000 when we had a budget surplus. Here's what happened then:
http://topics.nytimes.com/top/reference/timestopics/people/c/hillary_rodham_clinton/index.html?query=NATIONAL%20DEBT%20(US)&field=des&match=exact
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Government action to tackle recession, not tax cuts. (Feb 2008)
The economy is not working for middle class families. (Jan 2008)
We need immediate relief for home heating & housing crisis. (Jan 2008)
Voted to limit credit card interest to 30%. (Jan 2008)
FactCheck: Consistently against making bankruptcy stricter. (Jan 2008)
2005 bankruptcy bill was by big credit cards & lenders. (Jan 2008)
No evidence as to how Obama would pay for new programs. (Jan 2008)
Foreclosure moratorium mitigates agony; doesn't prolong it. (Jan 2008)
90-day moratorium on foreclosures; freeze interest rates. (Jan 2008)
Call for a moratorium on housing foreclosures for 90 days. (Jan 2008)
Freeze mortgage interest rates for five years. (Jan 2008)
Look back to 1990s to see how I'd be fiscally responsible. (Dec 2007)
Help people facing foreclosure; don't just bail-out banks. (Aug 2007)
Balanced budget replaced with rising costs & falling wages. (Jun 2007)
Last six years were challenging; let's try a new direction. (Oct 2006)
Co-sponsored bills totaling $502B in spending thru 2005. (Oct 2006)
Use tax dollars to upgrade infrastructure, not for stadium. (Oct 2000)
Pay down debt & cut taxes within balanced budget. (Sep 2000)
Stimulate upstate economy by more local decision-making. (Sep 2000)
Supports Niagara casino, but prefers job creation strategy. (Sep 2000)
Protect next generation by paying off national debt. (Aug 2000)
We have outlived the usefulness of Bretton Woods. (Jun 1999)
The economy creates consumers but cannot create citizens. (Jun 1999)
Invest in people instead of “smokestack chasing”. (Feb 1997)
Voted NO on paying down federal debt by rating programs' effectiveness. (Mar 2007)
Voted NO on $40B in reduced federal overall spending. (Dec 2005)
Require full disclosure about subprime mortgages. (Dec 2007)
SOURCE: http://www.ontheissues.org/hillary_clinton.htm
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Democratic Sen. Hillary Clinton, who wants to be president, told CNBC last week (in March 08) that recent volatility in the U.S. stock market, which began with a sell-off of Chinese stocks, "should be a real wake-up call for our country." "Obviously, the level of our debt that is now held by central banks and foreign governments is a problem," she said. "And I don't want the administration to ignore this wake-up call and just hit the snooze button again." Critics say Clinton is exaggerating the problem, particularly the danger of so much debt being held by overseas creditors.
(Whatever. THIS critic says she's not offering any solutions, and that's what we need.)
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