I just read that the government added an additional $50,000 per each US household of new entitlement debt raising the over all total to over $500,000 PER HOUSEHOLD.
With the average household income of just over $50,000 that means that we all would have pay a minimum of 25% or our income for 40 years to pay it off, and that is not taking into account the 2009 spending, inflation or interest!
IS NO ONE IN WASHINGTON ABLE TO THINK ANYMORE? DON”T THEY REALIZE THAT EVERY DOLLAR SPENT ON TAXPAYERS HAS TO COME FROM TAXPAYERS?
It is no wonder that foreign investors are hesitant to keep propping us up by buying our debt in the form of Treasury bonds.
I hereby proclaim that our families are too important to let fail. Forget the big fat cat insurance company and bank execs.
Let’s vote these clowns out of office.
With the average household income of just over $50,000 that means that we all would have pay a minimum of 25% or our income for 40 years […….
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