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(67,441 posts)OldDem2012
(3,526 posts)...to bother to get to the bottom of the stack where they've obviously relegated Obama's vision.
ProfessionalLeftist
(4,982 posts)Spitfire of ATJ
(32,723 posts)...they think it is debt owed by citizens, as in credit card debt, car loans, home mortgages, etc. The Republicans know about this confusion and exploit it by saying the debt is high because the government is taking too much and tax cuts will help people pay off their debts and people think, "That makes sense."
Republicans also harp on it as if it's debt left for the next generation. They act like single people (read: Demoncrats and Liberals) are living it up Hollywood style and leaving the party bill for YOUR kids and grand kids.
Every nasty tactic they can dream up.
This is part of the reason there is so much resentment over the issue of the debt.
Well, Newsflash to the Morans: The National Debt is money owed by the government, not by the citizens. It's mostly in the form of U.S. Treasury Bonds which are traded daily on the bond market. After the stock Market crashed a lot of investors ran to the security of the bond market which jacked up the National Debt. These bonds are almost never cashed in. It's just money set aside to make money.