For those blaming Obama it's time to look at this.
Seems in the last 30 years the only one to reduce debt was a Democrat.
Americans spend too much and produce too little. It's really that simple. The solution is to sell your 4x4s, SUVs, turn down the air conditioning, stop buying so many imported goods in favor of US goods.
Plus a few other measures. Money loaned and spent in the US goes into the US economy. That keeps the wheels turning. Money spent on goods made overseas goes out of the economy.
What you have to ask yourself is where did the increase debt go to under the Bushes and Reagan?
To the poor or the wealthy or fighting wars?