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You are here: Home / Archives for National Debt

Paying National Debt

Guest Writers and Submissions 4 Comments

As a kid that keeps getting put deeper in debt before I even got out of  middle school I was wondering if the Presidents or Congress is the blame for our continuing increase in the national debt. Math is not my best subject but it looks to me like both are and both the Democrats and Republicans share in the blame. I tried to look at this in the simplest way I could and will share with other kids here at Kids Speak for America what I learned.

The National Debt as of  9/30/1981 was 997,855,000,000 or just under a trillion dollars. Today the national debt is about 28 trillion dollars. Otherwise about 27 TRILLION dollars has been added to the national debt since 1981. Our leadership in both the Republican and Democratic parties are responsible for this out of control debt.

The President of the United States proposes a budget to the Congress and Congress recommends funding levels for the following fiscal year, beginning October 1. (A fiscal year is a 12 month budgeting period and unlike a calendar year it does not always start in January.)

After the Congress approves an appropriations bill, it is sent to the President, who can then sign it into law or veto it. If the bill is vetoed it is sent back to Congress and they can pass it into law with a two-thirds majority in each chamber.

So Democrats and Republicans I do not give a d*** who is at fault for our 28 TRILLION DOLLAR national debt. What I do care about is that all of them get your heads out of your behinds and start doing something about reducing it before us kids are so far in debt we will be working in rice paddy for the Chinese government.

When this article was written in 2011 the national debt was over 14 TRILLION and in 2921 it had doubled to TWENTY EIGHT TRILLION.

~Originally Submitted by Jake K. and updated February 2021~

Filed Under: Money Tagged With: Kids, Money, National Debt, United States

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presidents day

Presidents Day: Not Just a No School Day Presidents Day is not just a day off from school or work. On Presidents Day became a national holiday in 1879. First celebrated on Washington’s birthday it was later changed to the third Wednesday of February. Today, we celebrate all Presidents that have led our nation. This […]

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