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Originally Posted by Guest
I share your concern about the national debt but it continues to go up with absolutely no pain or downside. That is why very few are concerned or worried about it. If we had to increase taxes to equal what is spent, I think that is called a balanced budget, the percentage of Americans concerned would increase proportionally to the pain of paying for what is spent. IMO
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We are deliberately fed misinformation and the FACTS are truly shocking.
Gerring the propaganda minister for Hitler turned it into a science. Actually he gets credit for saying what people already knew. You say the same thing over and over again. OK YOU SCREAM IT and the people will join in to your chant and believe it is true. Hell they will go to war or they will at least post divisive threads. Obama like any DICTATOR made us fight among ourselves so frankly we would not see the real cause, NOT THE SOLUTION, to our problem is not your neighbor but OUR government.
We have been FED that China is our largest creditor. The TRUTH is we owe slightly more to Japan then to China.
More shocking is the fact that together Japan and China hold less than 20% of the national debt. Social Security holds 42% of the national debt. Talk about the deal our government made FOR US, without asking. On this debt there is no set interest rate or payback period. The debtor, THE FED, controls the interest rate they will pay.
If, this sounds crazy-IT IS.
We had no choice but to pay into social security. Truth be told, since i was self employed I paid 13% of my income to social security for 45 years. The fact is I could have bought the same coverage for far less as private insurance. Like most other taxes, social security is a progressive tax-the more you earn the more you pay and the return for each dollar you pay is less than for people who earn less. In my opinion the reason people earn less is simply the lack of DRIVE to work hard and to work long hours.
Social security. like everything else the government get involved in is under funded-we are told. Till you see that the government took our money, MY MONEY, and put it into the general fund-that was not part of the social security plan.
It was not just the democrats but the republicans also BOUGHT VOTES using social security without funding the new EXPENSE. Bush added prescription coverage without funding it. OBAMA blew the system up by funding OBAMACARE using Social Security money. We see that the system is bankrupt.
BE SURE YOU ALSO ASK-WHY AND HOW?????