|By Bart Everson|
Monday, February 14, 2011
Sunday, February 13, 2011
As you probably know, our national debt is huge. Really huge. If we spilt up our debt, there would be $200,000 for every man, woman and child to pay. But Why?
We are self indulgent
We spend money we don't have
We need to lower our debt, or else other countries will stop lending us money, and we'll be even worse off. 68% of our borrowed money is from other countries, and they are getting impatient.
Obama refuses to pass this problem on to another generation
Doing nothing is not an option, and we need to lower the national debt.
But what I don't get is:
Why’s the deficit so high?
What is it we are paying for?
Was there something huge that started the debt?
When we were in the green with Clinton, why?
How can we pay back other countries without raising taxes?