WDRacing wrote:I have 3 boys that are being saddled with debt before they even know what a tax return is.
Just for a visual, this is what our debt looks like.
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
1,000,000,000,000
+1,456,537,XXX,XXX
..........................
16,456,537,XXX,XXX
That's the amount of money we owe other countries. In 3 years we're forecast to add another 3,000,000,000,000 to that number even with the tax hike we just implemented on the top 1%.
Obama and the Senate want no spending cuts and no debt limit. I disagree.
Keep in mind....progressives believe that debt does not matter.....and in order to grow the economy, all we need to do is massive spending, beyond what we've already spent. With that logic, we should be in double digit GDP growth and unemployment under 6%. But alas…..pesky reality gets in the way.