The video is ten years old, so the numbers have changed…upwards…but the reasoning still seems relatable.
Unless there is a bout of hyperinflation, or another World War, it’s going to be mathematically impossible to pay off the national debt. Now, whether or not any level of national debt is a good or bad thing is something to mull over. But what irks me is how, even at the municipal level, the answer is always ‘raise taxes’ and never ‘cut spending’.
“….the answer is always ‘raise taxes’ and never ‘cut spending’.”
And it always will be when it’s “other people’s” money. Despite the fact that no rational person lives their personal life this way.
Doomed.
Has anyone ever noticed that the government regularly issues warnings that the Social Security system is running out of money? How come they never warn of running out of money for welfare, foreign aid, food stamps, congressional travel, and other giveaways to people who never worked for it.
Greg – don’t forget all of the money they stole er um ‘borrowed’ from the social security trust fund around thirty years ago to do the initial funding for all of those social welfare pyramid schemes. But it is okay since they pinky swore to pay it back………….
No gummymint programs ever get defunded or cut, they simply report the cut as the rate of increase its cut. But we, the working class, and payers of all of it, are constantly asked to pay more so they can spend it more wisely, Increasing the cost to companies because of increased regulation, causing companies to increase the cost of their products, causing the workers to pay more for said products, while suffering from a lower rate of pay increase. And you wonder why this country has turned into a banana republic. It’s cause we don’t have enough windmills silly. And if you can’t see that, you must be wassist.
You don’t see the great lie in your statement – don’t worry, you’ve been trained well to not understand it. The taxpayers don’t pay for it (the key word here is YET)! It has all been borrowed in the taxpayers name. You see, they spent the money you haven’t earned yet. And, you owe interest on the money you haven’t paid yet because you haven’t earned it – yet. If I’m correct about the numbers, and they change continuously, every man woman and child in this country now owes ~$800,000. The best part of the deal (for the lenders – not “we” the people who owe this money) is that it can all be called at once! You and me and our families have been pledged as slaves in return for borrowing our own money! This whole banking system is what the Bible refers to as Mystery Babylon.
My favorite comment comes from The Animals- “It’s All Over Now Baby Blue”
Yep, I remember when there were bumper stickers that said “No Trillion Dollar National Debt” back in 1980