Last related post for awhile, I promise!
It is my firm belief that if every US citizen totally bankrupted themselves and turned over all their assets -- savings, investments, retirement, everything -- to the government, our elected oafficials would p!ss it all away in less than a year and come begging for more. And we would still, somehow, have a runaway National debt.
If the government took everything, from everyone, from every company...for one year, we could pay off the debt. We'd all be dead from starvation, but America would be debt free!
The debt is 14.something trillion and the 2009 GDP was 14.9 trillion.
WE simply must make them stop spending.
