A Quote by Donald Trump
When we have $20 trillion in debt, and our country's a mess, you know, it's one thing to have $20 trillion in debt and our roads are good and our bridges are good and everything's in great shape, our airports. Our airports are like from a third world country.
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President Obama has almost doubled our national debt to more than $19 trillion, and growing. And yet, what do we have to show for it? Our roads and bridges are falling apart, our airports are Third World condition, and forty-three million Americans are on food stamps.
We are a debtor nation, our airports are third world, our highways are falling apart. Our roads, our bridges, everything, we're like third world.
In my opinion, we've spent $4 trillion trying to topple various people [on the Middle East] that frankly, if they were there and if we could've spent that $4 trillion in the United States to fix our roads, our bridges, and all of the other problems; our airports and all of the other problems we've had, we would've been a lot better off.
We have managed to acquire $13 trillion of debt on our balance sheet. In my view we have nothing to show for it. We haven't invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven't even maintained the assets that our parents and grandparents built for us.
I wish we had the $4 trillion or $5 trillion. I wish it were spent right here in the United States, on our schools, hospitals, roads, airports, and everything else that are all falling apart.
When you look at our trade deals that are so bad. Our debt has doubled in seven and a half years to almost $20 trillion, under [Barack] Obama.
And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.
The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.
Every president, Democrat or Republican, every Congress, has gotten behind the idea that we have to invest in our highways, our bridges, our roads, our airports. The idea that now this is somehow a partisan issue, it boggles the mind.
We have, during his regime, during President Obama's regime, we've doubled our national debt. We're up to $20 trillion.
The real number of the US' obligations, unfunded obligations that we're passing on to our future generates is more like $70 trillion to $75 trillion. The vast majority of that is health entitlements - Medicare, Obamacare, Medicaid. There's also Social Security, interest on the debt. But fundamentally, health entitlements are the thing that will bankrupt our kids. We need to fix that for the long-term.
There are certain things that Americans expect their government to do. Our infrastructure is vitally important. Putting people back to work with construction is important. Our roads, our bridges, our sewers, our waterways, our dams - this is what makes our country so special.
There is a thing called clean coal. Coal will last for 1,000 years in America. Now we have natural gas and so many other things because of technology. We have unbelievable - we have found over the last seven years, we have found tremendous wealth right under our feet. So good. Especially when you have $20 trillion in debt.
Secretary [Hillary] Clinton and others, politicians, should have been doing this for years, not right now, because of the fact that we've created a movement. They should have been doing this for years. What's happened to our jobs and our country and our economy generally is - look, we owe $20 trillion. We cannot do it any longer.
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