Tuesday, September 4, 2012 | 9:45am
You Now Owe the Government $140,000
We are debt slaves
Tonight, while the democrat convention gets into full swing, the national debt will cross the $16 trillion mark.
This means that if you are a taxpayer, your share of the debt now tops $140,000.
There are a lot of people to blame. Both the democrats and republicans have, over the years, done their share to steal your money. Both have learned how to steal from you, then bribe you by promising to give you a little back.
Congress is full of members who entered the congress poor but will leave millionaires. But there’s no use complaining, of course, because people like you and I don’t matter; except (of course) as a pocketbook ever open to be looted by our elected officials.
Just to put it into perspective… if you were to get a loan to pay back your share of the national debt, you would need to pay $897 per month for the next 30 years.
And make no mistake… we will have to pay back the money eventually. And the longer we wait, the harder it will be to pay it back. The world is broke, even the Chinese and the Saudi’s are running out of money. What will happen when we wake up one day and discover that no one will give us the bridge loan that we are constantly taking?
Ronald Reagan once joked that the most dangerous eight words in the world are ‘I’m from the government and I’m here to help’.
He may have a point here.
In politics news, the republicans have posted a very effective ad.
In 1980, Ronald Reagan ran with the simple message ‘are you better off now than you were 4 years ago’. The Romney campaign is finding that this message also works today.
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