This is too complicated. All you have to do is compare it to - your household budget.

Posted: Oct 24th, 2017 - 3:31 am In Reply to: Irrelevant either way - sm

What am I bringing in versus what is going out. What the Congress does when they spend money is take my taxes to spend on things, sometimes unconstitutionally, sometimes redistribution. When we went off the gold standard there was nothing to collateralize the debt. It's all IOUs, so they just print more money with nothing to back it except bonds, more promises.

When they started putting Social Security into the general funds they just spent it. There will be a day of reckoning. No country has even been able to remain with 4 trillion in debt.

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National Debt - Sm (Views: 500, 2017-10-23, 9:10 am)
- Facts - Sm (Views: 349, 2017-10-23, 10:33 am)
  - I'm just trying to understand why it was - a big deal when the debt (Views: 734, 2017-10-23, 11:14 am)
    - Irrelevant either way - sm (Views: 352, 2017-10-23, 8:26 pm)
      - It's only irrelevant now that the - pubs are running things (Views: 391, 2017-10-23, 8:28 pm)
      - Are you telling us the republicans lied to us? - nm (Views: 326, 2017-10-23, 8:48 pm)
        And so are the Dems - Nm (Views: 660, 2017-10-23, 11:23 pm)
        Well that's true but on the deficit issue the - rights were complaining (Views: 620, 2017-10-23, 11:59 pm)
      - This is too complicated. All you have to do is compare it to - your household budget.
        Here's a way to pay down the debt.... - RAISE Act would save American taxpayers (Views: 306, 2017-10-24, 3:56 am)
        NO, explicitly not comparable to household budget - Sm (Views: 313, 2017-10-24, 7:36 am)
    - It is a big deal when you don't look at the country through the - eyes of a party, either Dem or Pub. (Views: 649, 2017-10-24, 3:19 am)