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The debt is huge, i'll grant you that. However, considering that the surpluses at the end of clinton's term were hundreds of billions of dollars a year, that's hardly a drop in the ocean. More like a drop in a shot glass. While it's undeniable that much of this was due to the booming economy, the basic principle is the same. The less money we spend, and the more we take in, the more the debt is decreased. The debt could feasibly be paid off if americans sacked up, stopped cutting taxes and stopped wasting hundreds of billions of dollars needlessly. Bush has cut taxes and increased spending drastically. If we continue reducing taxes, the debt will never be payed off through any amount of market cycles.
I'd also like to add that bush cut taxes in the least effective way possible. Had his tax cuts been aimed at working class and poor americans, that money would have been spent immediately and fueled the economy directly. Instead, by giving billions to the richest americans, much of the money is being invested overseas etc. Money trickles up, not down.
