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Re: AMERICA - then and now..........

By: ribit in 6TH POPE | Recommend this post (0)
Tue, 13 Jul 21 5:53 PM | 23 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 20002 of 60008
(This msg. is a reply to 19987 by Decomposed)
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the national debt $28 trillion - about $85,000 per person...  

...wonder what that works out to the number of taxpayers we got. Folks who don't pay taxes aren't going to be responsible for any of this either. Has the left finally run out of "other peoples money" ???




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: AMERICA - then and now..........
By: Decomposed in 6TH POPE
Tue, 13 Jul 21 12:56 PM 		Msg. 19987 of 60008

Angie:

Re: “While the prognosis is far from good, only God knows if America’s day in the sun is over.”A very good article. But as for not knowing if America's day in the sun is over, the author is decidedly Polyannaish. Of course it's over. Not only is the national debt $28 trillion - about $85,000 per person... $212,500 per household - but Americans have unfunded obligations to Social Security and Medicare of $129,000 per household and $311,000 per household, respectively. (My SS and Medicare figures are from a 2010 article: https://www.cga.ct.gov/2010/rpt/2010-R-0197.htm . That's old; the numbers are no doubt even worse today.)

Add 'em all up and you've got $652,500 per household. Then throw in untold thousands per household of state debt, municipal debt, corporate debt. personal debt and substantial interest on all that debt (7.8% of GDP just for interest on the federal debt.) It is simply overwhelming, a veritable avalanche that promises to kill us all.

A nation does not come back from that - which is why, for a very long time, I've been telling people to make preparations for the misery that's to come. Almost nobody has. That will make the inevitable crisis even worse.

Your article says that young people don't believe that they will ever die. They take the same approach toward the nation's financial situation. The people who have the most to lose opt to just not think about it.

OLD people see it differently. With regard to the debt, they seem to think they've got a lifeline: Death. They figure that they'll either be dead or will die when it all comes to a head - so, no worries! It's a pretty messed up way for Americans... people who were once such ADULTS... to think. Once upon a time, we'd encounter problems and face them. Now we bury our heads in the sand or push the burden onto others.

My own approach is to have no personal debt, live in the country and work toward self-sufficiency. If they don't take my life or land away, my family might be okay. Maybe. Fingers crossed. You guys should be doing the same. The escalation of unthinkable events in our country is a clear sign that it's coming to a head and SOON. When it does, it will be much too late to improve your situation, howsoever dire it might be. When everyone is drowning, there will be no rescuers. So help yourselves.

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