The government is in a debt spin: who's responsible?

everyone is to blame. The banking institutions for giving high risk loans. people for living outside of their means, corporations that send jobs to other countries. the dems for spending too much, the gop for not being willing to reform taxes into a more fair system. The current president for not getting us out of a war the former president for getting us into a war we could not pay for.

We're all to blame. It's the American way of life now. We aren't responsible and we don't accept compromises in our way of life even if we can't afford them both on a personal and national level. The government is basically run the same way big businesses are. They borrow a bunch of money, and invest it in hopes they'll get a bigger return, so they can pay back their debts and have something left over. The problem is this doesn't work on a large scale. If everyone borrows to invest, then everyone is either in the business of giving loans and no one is actually producing anything other than more loans. So, the whole country now has to run off the few people who are left producing any sort of good so that the profits can be used to pay off a loan which pays off a loan which pays off a loan. The government is basically the same way. If we spent more time producing and selling a product and less time trying to juggle money around in hopes we end up with more we'd all be better off.

I believe the ones responsible for the national debt of 14 trillion dollars+ are the ones who control our currency. The ones controlling our currency is the Federal Reserve which by now many have come to learn is not a federal agency but a private bank. The federal deficit is the interest that our government pays to the Federal Reserve on the money they borrow from them. They pay this interest from the federal income tax they collect from American citizens. Every single dollar paid in taxes by the people of the United States goes to the owners of the Federal Reserve, nowhere else. It doesn't go to roads, or schools, or the military, nowhere but the owners of the Federal Reserve. They along with the IMF (International Monetary Fund) control the currencies of many nations and enslave citizens of all nations doing "business" with them just as we here in the US are enslaved to pay taxes, it's a complex long term plan by the illegal global bankers to bankrupt our country, just as they have already done to many other countries. It must end now. If you have ever wanted to understand our monetary system then read the book "The Creature from Jekyll Island" by G. Edward Griffin this will enlighten anyone interested in knowing the truth. And for more information that you will not hear on mainstream media go to www.infowars.com

The way Americans lives they live on credit that easily spin you into more trouble

It seem there is a lot of blame to go around all of them but I think the main problem is the politicians. They don't seem to want to do the right thing for its sake rather they want to ensure they score some political points as well. Probably because they and their families are not directly affected by the worsen econmic situation they can afford to play politics with the whole thing.

Every country has their own debt. I think the one responsible for this are those manufacturers who put too much profit for their products. My country is worse, corrupt politicians spreads everywhere. I blame those corrupt politicians who uses people's money for their own pleasure. Millions are being lost from the government's fund because of these selfish people. They should be hang on tree.

Who is responsible for this mess? We are. We believed their lies and we put them in office and we are continuing to let them get away with playing political games instead of settling down and doing what is best for the country.

Americans have finally come up short after electing rich greedy dishonest politicians to represent them. Now those same greedy Representives are selling the American people down the road, because they won't pay their fair share, and they are bribed by their rich greedy friends in high places. No matter what happens this time, it isn't over, and it won't be over, until honesty and integrity returns to America.

Our government has been overspending for decades both by the Democrats and Republicans but mostly by liberals. When I was a kid a long time ago my Dad complained about them starting up the Social Security system; saying it would go bankrupt eventually and he was right. If I ran my personal finances the way the politicians run our government's finances, I would be living on the streets now. I have been unemployed for over 20 years(divorced and totally on my own for over 15 years) but because I saved and didn't over spend when I was working, not only have I continued to live fairly well and bought a house, but I have been able to continue to save. But the politicians just spend and spend because it isn't their money, it is ours and they just want power and to get re-elected.

The latest news just released from the newsmedida shows the two parties that is democrat and republican have reached an agreements in most areas. and they are now trying to open up the govt business.

According to what I read, the US economy is growing slowly even though exports are high. They say that the problem is the american people because still there are many unemployed and most people in the united states are afraid to buy something which means there's not much business going on and many companies tend to limit their employees because of low earning. Actually there's no one to be blame. I'm not an american abut somehow i'm interested reading news especially economics..

This is a very interesting issue, but i feel a bit naughty commenting so quickly when I don't even live in the US. However, in the newspapers I read the tea party gets the blame. though i actually blame our chancellor of the exchequer here in the uk, as he made the decision to try and cut the structural deficit completely over four years, which was very quickly, and i think he just encouraged your right wing american politicians to do the same. while now here in the uk growth is stalling, and we are looking like our economy is going to be like the japanese and have a long period of low growth high inflation stagflation. this sort of brinkmanship is really no way to run a country. though i was reading the new york times this morning, and in a strange way you might get a better compromise on how to solve the problems of your economy out of this in the end, than we have got, where a coalition that never put its economic programme to the election has done something that will probably end up being a disaster.