I'd like to know where is the money going to come from to pay off the National Debt of 8.7 TRILLION dollars
when the government continues to spend more money than what it takes in year after year,
borrowing more and more from future generations! If a private individual did what the
government does on a regular basis that private individual would be arrested, tried in a
court of law and jailed for many years! Going a few dollars under your checking account
automatically triggers 30+ dollar overdrawn penalty fees per incident every time that your
balance is in the negative and you use your checking account.
Never mind that the
"old people" in charge of spending the money (that does not yet exist) of the
"young people" have spent that money on ensuring their continued rise of standard of
living at the expense of their kids! These old people will likely be dead by the time comes
to deal with the huge debt that they leave behind! While they are still here among the
living, young people pay lots of taxes for their retirement and medical needs as well as huege
rent or house payments in the hundreds if not thousands of dollars to the same old people who
bought these same properties at 4-8 times smaller prices along with being able to live and
raise their family of four on one income which was divided into four parts, one quarter spent
on rent or mortgage, one quarter spent on transportation and energy, one quarter spent on food
and clothing expenses and one quarter was saved for emergencies in family savings when the old
people were young! Today the same family of four would have to have two incomes to live on,
one person's income entirely spent on rent or mortgage payments and transportation plus energy
while the entire second income would have to go to food and clothing expenses leaving very
little in family savings for emergencies! AND THIS IS WITH CONTINNUED BORROWING FROM
FUTURE GENERATIONS WITHOUT MAKING MUCH OF AN EFFORT TO STOP BORROWING AND START PAYING OFF
THE NATIONAL DEBTH! Which now stand at 8.7 TRILLION dollars!
8.7 TRILLION
dollars should be put in terms that everyone can easily understand! It's like having 8700
magic dollars in the bank where each magic dollar is worth a billion regular dollars or 1000
checks for a million dollars each! So 8.7 TRILLION dollars is 8700 "billion dollar checks"
where each billion dollar check is worth one thousand checks made out for a million dollars
each! $8.700,000,000,000.00 is a very big debt!!!
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