posted on Oct, 26 2004 @ 12:05 AM
Keep in mind that in real dollars it is not as bad as in the mid-80's, Gloom and doom was spoken of then also.
But today we have a 11+ Trillion Dollar economy. So to relate this to yourself,
Example:
you make 50k a year, so you are 26k in debt,
We have a wealth of near 45+ Trillion....
So you make 50k are worth 350K but are in debt 26k
See these figures also leave out one thing, of the 26k your in debt, 18k+ you owe to yourself...........
No is it as bad as you thought? Its bad as the interest you pay takes a greater portion of your income, but your are paying yourself the interest. At
least 75% anyway...
Go here for more info:
TAXES : Do the Rich and Businesses Pay their Fair Share?
www.abovetopsecret.com...
NEWS: 2004 US Deficit Reaches Record $413 Billion
www.abovetopsecret.com...