Dr.Who
Well-Known Member
The new stimulus bill raises the deficit owed by each family by unprecedented amounts. That is not just some arbitrary number that the gov owes but that is what your share of the debt is. Here it is in detail:
The bill costs the average U.S. family about $3,300, and it raises the national debt by about $7,700 per family.
Let’s go through that.
The bill spends about $5,500 per family, or $1,750 per person.
It reduces taxes by about $2,200 per family, or $700 per person.
Total cost (using our methodology): $3,300 per family, or $1,050 per person.
Added to national debt: $7,700 per family, or $2,450 per person.
http://www.cato-at-liberty.org/2009/02/13/the-cost-per-family-of-the-deficit-spending-bill/
http://www.financialsense.com/fsu/editorials/schiff/2005/0610.html
Remember that adds to what your share is that was leftover from all the previous administrations.
The previous bill was $33,468 per person. "This means a family of four (4) shares $133,872 in federal debt responsibility - - including those still in diapers - $14,585 per family more than last year." Only $7,700 of that is due to p. Obama. the remainder is due to the interest that we owe on that borrowed money every year.
The debt has done nothing but go up ever since our gov first incurred it. For a brief period in there the debt fell but that was due to due to "historic low manipulated interest rates, effectively siphoning-off senior citizen interest earnings on their savings," the ignoring of social security costs and medicare costs, and the disregard for the future benefits that will be paid out to "civil servants and military personnel." In other words the deficit is much higher than is being reported "officially" and the problem is in paying for huge social programs and government employees.
http://www.usatoday.com/news/washington/2006-08-02-deficit-usat_x.htm
http://mwhodges.home.att.net/debt_b.htm
In fact, "In the 4 years 1997-2001 total federal debt increased $438 billion,
a period when politicians bragged about a $557 billion surplus.
That's a $1 Trillion creditability gap."
Bush was no better than Clinton, even worse, "An additional $4 trillion of debt was added in 2002-2008."
http://home.att.net/~mwhodges/debt.htm
But in his first month in office P. Obama has made all the previous administrations look like they were downright frugal even though all of them increased the debt.
Our founders knew the danger of this debt.
"At the writing of the Constitution they were concerned about debt incurred to finance the Revolutionary War, and it was their intention to promptly pay it off. Alexander Hamilton (federalist paper #7) called for the "extinguishment of all debt." Thomas Jefferson later wrote, "I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared." "
There is only one solution:
Cut spending!!!!
I have to do it. You have to do it. the only entity that thinks it is immune from doing it is congress. But if they don't it will destroy us and we will eventually be owned by the Chinese.
The bill costs the average U.S. family about $3,300, and it raises the national debt by about $7,700 per family.
Let’s go through that.
The bill spends about $5,500 per family, or $1,750 per person.
It reduces taxes by about $2,200 per family, or $700 per person.
Total cost (using our methodology): $3,300 per family, or $1,050 per person.
Added to national debt: $7,700 per family, or $2,450 per person.
http://www.cato-at-liberty.org/2009/02/13/the-cost-per-family-of-the-deficit-spending-bill/
http://www.financialsense.com/fsu/editorials/schiff/2005/0610.html
Remember that adds to what your share is that was leftover from all the previous administrations.
The previous bill was $33,468 per person. "This means a family of four (4) shares $133,872 in federal debt responsibility - - including those still in diapers - $14,585 per family more than last year." Only $7,700 of that is due to p. Obama. the remainder is due to the interest that we owe on that borrowed money every year.
The debt has done nothing but go up ever since our gov first incurred it. For a brief period in there the debt fell but that was due to due to "historic low manipulated interest rates, effectively siphoning-off senior citizen interest earnings on their savings," the ignoring of social security costs and medicare costs, and the disregard for the future benefits that will be paid out to "civil servants and military personnel." In other words the deficit is much higher than is being reported "officially" and the problem is in paying for huge social programs and government employees.
http://www.usatoday.com/news/washington/2006-08-02-deficit-usat_x.htm
http://mwhodges.home.att.net/debt_b.htm
In fact, "In the 4 years 1997-2001 total federal debt increased $438 billion,
a period when politicians bragged about a $557 billion surplus.
That's a $1 Trillion creditability gap."
Bush was no better than Clinton, even worse, "An additional $4 trillion of debt was added in 2002-2008."
http://home.att.net/~mwhodges/debt.htm
But in his first month in office P. Obama has made all the previous administrations look like they were downright frugal even though all of them increased the debt.
Our founders knew the danger of this debt.
"At the writing of the Constitution they were concerned about debt incurred to finance the Revolutionary War, and it was their intention to promptly pay it off. Alexander Hamilton (federalist paper #7) called for the "extinguishment of all debt." Thomas Jefferson later wrote, "I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared." "
There is only one solution:
Cut spending!!!!
I have to do it. You have to do it. the only entity that thinks it is immune from doing it is congress. But if they don't it will destroy us and we will eventually be owned by the Chinese.
