PS, every taxpayer owes $158,835 to pay off the debt. This is money we are borrowing from private banks. You can bet that they will not be forgiving that debt. Crankloon of course, living in his moms basement, will someday be aware of this simple fact once he starts to work. Meantime, that's what us taxpayers are on the hook for. It makes you wonder what the end game is going to be. Jim Rogers and David Stockman, some of the savviest folks in the country are not fans.
Rogers -invest in farmland
Stockman - run for the hills.
Of course, no one knows the timing. Could be 10 years when the baby boomers start to retire and the debt is $30 trillion. Hmmm.
You know, less taxes and more free stuff. What's not to like?
Our kids can worry about paying it off.
While everyone was busy picking sides on the partisan politics reality show, our politicians have once again kicked the can down the road. The only thing R's and D's agree on is playing fast and loose with the world's biggest credit card. There are no longer any adults in the room.
The true rate of taxation is the rate of spending...