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The results will be worsening economic woes until we learn our lesson. But instead Congress is behaving like drug addicts who must hit rock bottom before they are ready to face reality. They are playing foolish games with the economy now because they are thinking only of political expedience. This talk of job creation is a perfect example.
Contrary to the belief of many, the goal of the economy is not job creation. Jobs can be a sign of a healthy economy, as a high energy level can be a sign of a healthy body. But just as unhealthy substances can artificially give the addict that burst of energy that has nothing to do with health, artificially created jobs just exacerbate our problems. The goal of a healthy economy is productivity. Jobs are a positive outcome of that. A “job” could be to dig a hole one day, and fill it back up the next, or perhaps the equivalent at a desk. This does no one any good. But the value in that paycheck ultimately has to come from taxing someone productive. Some think this round-robin type of economic model is supposed to get us somewhere.
Originally posted by David9176
I just stated this in another post..but we are 53 trillion in debt. There are 330 million people in the US.
What's that equal? 160,000 per person. It's just a tad high for my tastes...especially since i did nothing to deserve it...nor did most other people in this country.
We are already taxed to death as it is....so what does that number mean? I'm making just over 30,000 grand a year...i'm not a wealthy guy...but i make it. I'm happy with the way i live...i don't need all the toys.
But looking at this number...it will take over 5 years of work to pay that debt. That is on top of what we already pay in now. How it could have ever gotten this bad is an embarrassment to me and should be to anyone else in this country.