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Exactly where is the money that will cover Medicare and Medicaid and are you aware the new plan is to cut Medicare by 50 billion? Please post where this money for Social Security and Medicaid is as nobody else seems to think it exists. Where is the lockbox and exactly how much does it contain. When did Congress pay back all these funds they took out and spent? I missed that? Not even the DNC denies these entitlement programs are in deep trouble.
There is no more money!!!!!!!!!!! The piggy bank is empty!!!!!!!!!!!!!!!!
I mean your either pushing for the republican party or not. Theres not way around it in my opinion.... unless theres a third party the tea-party protesters have in mind? We just need clarification as to whos going to assume all those Dem seats... if ya'll aint republicans??
Originally posted by Phedreus
reply to post by nixie_nox
I have a question. how can you say that the debt the US currently carries is less than that of wwII? current debt plus interest on that debt now tops 17% of the gdp!!!. I would really like to know just where the US gov. has liquid assets that it can use to pay off this debt. what are they going to do sell florida>? Rent out the white house? We have indentured our children and their children to the point that they would have to pay 80% taxes on their incomes to simply make the interest payments if we keep this up.
I have a question. how can you say that the debt the US currently carries is less than that of wwII? current debt plus interest on that debt now tops 17% of the gdp!!!. I would really like to know just where the US gov. has liquid assets that it can use to pay off this debt. what are they going to do sell florida>? Rent out the white house?
Actually it is 66% of the GDP. (don't have a heart attack on me) but around 1947 it was 121%.
That clock has about the fraction of the information that is needed. Most likely contrived by a person who still thinks the national debt is a checking account.