Stop fabricating numbers. The US National debt is about $14.5 trillion, not anywhere close to 54 trillion.
Btw, the Bush tax cuts — costing $1.8 trillion from 2002 to 2009 — are a big reason we got into this deep hole.
Buffet: I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
Had you checked the first google result for United States debt, you would have found where the confusion is coming from: the national debt is 14.5 trillion, and the total debt is 54 trillion (Source: http://www.usdebtclock.org/). I'm guessing "total debt" according to the debt clock includes things like state governments and private citizens, although Wikipedia claims that the 14.5 trillion figure is total debt (http://en.wikipedia.org/wiki/United_States_public_debt).
Btw, the Bush tax cuts — costing $1.8 trillion from 2002 to 2009 — are a big reason we got into this deep hole.
Buffet: I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.