Where's The Money Going To Come From?
Yep, add the projected record deficit to the almost $10 trillion national debt (100% of which has been created in the last eight years, I might point out). Then add the $700 billion a year that we're paying, mostly to Saudi Arabia, Iran and Russia, for oil. Throw in the $300 billion that's been approved by Congress to bail out the home mortgage industry. In another ten years, unless things change a whole lot in Washington, we could have a national debt of $20 trillion. Those that are running our country spend money like we had it. They're like the family that simply opens a new credit card when they need to spend to maintain their lifestyle.
Where's the money going to come from? So far we've relied on other countries to buy our IOU's (U.S. Government bonds and other obligations). But if they ever reach the conclusion that they're simply "full up" of U.S. risk...we are all in a BOATLOAD of financial trouble!
Lots and lots of changes are needed in those that govern our country...that's as clear as the nose on our faces.
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Politicians are like diapers--they should be changed frequently, and for the same reason.
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