Just in case we forgot.......
Government spending far outweighs, government revenues by a difference of nine percentage points in favor of spending, according to a CBO infographic . The graphic also shows that individual’s debt has grown especially large in recent years; debt held by the public accounted for 67 percent of U.S. GDP in 2011, the highest level in four decades. Here is a nice graphic.....
I call your attention once again, to the year 2011......
Who was president, and what programs were driving this increase in our deficit?
Remember when presidents asked for a line item veto?
Remember bridges to nowhere, tacked on to bills?
How about a balanced budget initiative?
Indeed, it is a problem, not as big when the economy is thriving, but when it slows, and it always will, it becomes a huge problem....
When it does, the only winners are the very wealthy.
The chasm widens greatly, separating the "classes" even further, dividing us into the "haves, and have-nots"
Creating a toxic enviroment that breeds contempt, and lots of other negative connotations.
Its no difference than your own personal credit management.
You want to keep "covering" expenses, to anybody who shows up in our country unfettered, well.....
Try going into a bar tonight, give the bartender your credit card.
Let him announce,
" ALL DRINKS ARE FREE TONIGHT...... " Lets see what that does to your budget.
You can make certain your debt is manageable, do NOT rely on the idiots in Washington, who created this mess.
But again, unless you are very well off, make that extremely well off, you have exposure to financial ruin, in this acceptable method of governing, with a deficit mentality EVERYONE in Washington employs.
Use it as a wedge, stamp your forehead,
"Just another sheeple"
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