Sybertiger
Known around here
Many folks don’t seem to understand that the debt does indeed have to be paid. In real $
It’s just that we grew up with it being a few % and not impacting the big picture. Relative pennies.
The Debt is printed money in the form of IOUs (US Treasury Bonds) that pay interest. As you print more, you owe more interest.
Well it’s now a quarter of every dollar you send to DC in taxes.
It’s now impacting what the government has left over for “other stuff” like SS, Medicare, infrastructure, Defense, etc.
The next time some genius tells you they don’t care about the Debt, we’ll just print more, ask him how that works if you take 25% of his paycheck.
The US currently takes in let’s say $4 Trillion per year in taxes and such.
We SPEND $6 Trillion per year.
That leaves a deficit of $2 Trillion per year.
Try that with your own checkbook and let me know how that works out for ya.
Exactly why I don't want to see tax refunds/rebates. Pay off the effing debt with the money then explain to the American people where their refund/rebate went and why.






