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BeccaLoo24 – i can toss grown men.... so dont doubt me
It will eventually reach a point when the interest on the debt will exceed the GDP. When that happens we're screwed.
If the R's grow some and don't allow it to be raised any further Obamanation will have to make the cuts the R's want in the first place. Can't spend what you don't have. Hmmmmmm
This is a repost, who originally posted this awhile back?
There has to be a mindset disconnect with professional politicians and the real world as well. They just do not understand that DC earns no money...the only money the get, they confiscate from We the People.
It's kinda like finding money in your laundry. You didn't gain anything; it was yours to begin with.
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.
I vote every chance I get but it's about as effective as peeing in the ocean.
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