[jebartle]

Originally Posted by DAVES

Realize, we are being had. Say something often enough and people think it is true and it makes sense. We are being told the deficit is. truth I am loosing count, 26 Trillion dollars? Stop, think realize do we understand what one Trillion dollars is let alone 26 Trillion? Who do we owe that money to? Most of us would say China. I looked it up a while ago, actually we owe slightly more to Japan but more important, together Japan and China together hold roughly 20% of our National Debt. More shocking is that Social Security holds 40% of the national debt. All of this is simply insane accounting. If a company, a corporation was doing this we would expect, we would demand that our government close them down. The same government that is feeding us this same
information.
How to pay this debt? The answer is simple. You cannot pay this with a few $10,000 toilet seats. You have to cut the big stuff and that is Education, Military, and Welfare (Social Security) of course the people will scream. What they will say, what we will say is cut him not me. Increase his taxes not mine.
So far we've paid the deficit with slight of hand. Interest on a 10 year treasury is below 1%-the lowest in American history. Our Fed is telling us they want a 2% rate of inflation.
Oh and you, if you buy a Treasury pay whatever your highest Federal tax rate in that below 1% that they will pay you.
You are, we are being had.

Why not cut same percentage of EVERYTHING, deficit problem solved????