Friday, February 22, 2013

Our $16 1/2 Trillion Debt is Really $123 Trillion

I have mentioned this before but here is a short item with a bit more detail.  The bottom line is this:  the $16 1/2 trillion represents what we owe as a nation to those who have chosen to loan money to our government.  The balance of $123 trillion is what we owe ourselves for all manner of entitlements, government induced expenses, etc. in future years.  Now I ask you, does running up that amount of debt represent anything close to responsible behavior on the part of our government?  Not!!!  Furthermore, it is not possible for us lowly taxpayers and those of our progeny for the next 100 plus years to pay for it.  Not possible!!!.  Serious difficulties lie ahead.  My concern is the damage done to our children and grandchilden and theirs far into the future.  George Burns

No comments: