Coop...
Though I share your concerns of the debt, aren't you sorta assuming course that there is no other income coming in, no growth, so to speak? The ratio of national debt to Gross National Product is high right now because of the war. If we can get out of Iraq, not go through another 9/11, and quit spending money on roads to nowhere. But on that note, its not as high as its ever been by some 30 points.
What we HAVE to get a handle on, are all the "unfunded" debt we have such as social security and medicaid/medicare, which the way they have it now by paying a flat amount per month to insurance companies to handle medicare is a better way to do it, but now they want to cut payments to insurance companies. You cannot trust this government (Democrats).
Republicans have got to start attacking Democrats on facts. Republicans have got to start making heroes out of those who support their families, take responsibility for their actions, and who stand up for the rights of kids to have a true education through real choice and not rhetoric.
We have the highest debt that we've had is true, but our economy is also the highest its ever been and with George Bush, its grown an AVERAGE of 4.5% a year outside of 9/11. This is better than clinton, who they all like to say had the greatest economy on earth... he had a true republican house and senate who made it what it was, but he raised taxes and that hurt, Bush had a wildly spending bunch of repuplecrats and still outgrew Clinton and probably Reagan.
We only have to reign in spending. Obama will expand spending at a rate that will make Bush seem like a Quaker.
Aloha....