Thursday, February 17, 2011

"Spend Responsibly!"

If every man, woman and child currently owe over $45K, there's no way that will ever be paid back. Most people don't have $45K in savings. And that number continues to skyrocket upwards.

Of the 309M citizens in this country, less than half of them work (others are children, retired, disabled, etc). So, the share of that debt for those people who are currently working is over $90K per working American. And many Americans have low wage jobs and will never help pay down that debt. About half of American households don't pay any income taxes at all due to the progressive tax rates. So the burden of paying down that debt falls on those working people who pay taxes, and their burden comes to $180K per person.

Now this is not a static (unchanging) number. This number continues to spiral out of control. If you are a teenager right now, by the time you are in your prime working years, your 30's, 40's, and 50's, that debt could approach well over a quarter million dollars PER WORKER! And you will be paying off that enormous amount of money from EVERY ONE OF YOUR PAYCHECKS! And you wont get a single benefit from any of it, because it's all money that has already been spent. Much of what you will be paying for will be interest on debt to the Chinese who keep lending us money to fund Washington's irresposnible spending today!

Disgusting!

The Tea Party, a group of newly elected Republicans, has been sent to Washington DC last November to deal with this issue. The Democrats and much of the liberal media (like the New York Times) has criticized these people harshly. But they are our only hope for the future. If these Tea Party Republicans fail to deliver, this could be the beginning of the end of our country as we know it.

WAKE UP, TEENS! It's YOUR future that is at risk!!!

3 comments:

  1. You, sir, have just made my day. I do believe you are the future face of Fox News. Maybe you could take over for Bill O'Reilly when he retires.

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  2. Very insightful, and very intelligent reasoning. You give me hope for our future if young men and women like you will some day lead the country!

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