jpbikerfreak's Blog

Gee jp -

I had no idea that I was so credit worthy!

I know jp, I know! Actually my kids are all a part of "us". Its my grandkids and greatgrandkids who will be stuck with the debt.

the goverments answer to this problem equates to a midget pissing on a forest fire,

and to make matters worse, theirs 304,679,550 Americans and the best 2 canidates we can find are Obama, and McCain ???

God Help Us !!!!!!!!!!!!!!!!

Spell check, my response to each of your paragraphs:

There are 5 in my family, 2,666.00 * 5 is > $13,000.00. The half million in debt and unfunded liabilities is from a 5/21/06 (I believe the year is correct) USA today article.

Yes someone is billed for it, do you just think nobody will have to pay it back?

The article says $800 billion, I did the math myself based on 300 million people in the US.

This BILL raised the debt ceiling because it is necessary for the housing bail out.

I'm using averages here, I can't calculate the tax due on 300 million people.

Huh?

mpvan, You have also comments serveral times in other posts about GOD being at the Ball Park, am I missing something here?

Enlighten me please.

GOD Bless,
jerry

I really don't think I'm missing the point the way you wrote it. You wrote you're being stuck with a $2600 bill x 5.

I've never seen a specific bill asking for money towards the national debt.

My point is: There's no incentive to pay it off, and no one will be issued a bill for it.

Economists used to think the National Debt and Federal deficit would translate to inflation and higher interest rates. The last 25 years, that hasn't been the case.

The general thinking of Congress isn't as such either. If it were they wouldn't be stuck in a $3-$5 trillion dollar war.

They do however pay interest on the debt. Basically overhead for running the country.

When the economy can't pay the interest on the debt, yes, it will collapse.

to say one is going to be billed for it is to also assume we will ever actually pay the debt off.

That debt has been there literally since Lincoln and will continue to always be there because government is not run like a business.

Saying each person owes $XYZ is just a tactic to try and win elections. To the average person it means nothing.

Because honestly the lowest 50% of income earners in this country pay less then something like 1% of the taxes. The people that would be saddled with the debt are those who make the top 50%

The numbers are even more skewed than that, rockslide.

The so-called "rich" pay the vast majority of the taxes. it's more like The top 15% of income earners pay over 60% of the taxes. Don't remember the exact stats, but that's close. The point is valid, the poor need to pay up.

spellcheck, and others, I gues maybe I'm missing your point.

I have no desire to send these idiots a check. I want my government to stop borrowing in my name, my kids' names, and my grandkids names. And the debt has NOT been there since lincoln.

It is increasing exponentially. It will crush us. Not if, when.

I don't have time to do all the research right now. But it's out there (I know I'll draw fire for that comment!)