Now comes word that our debt has officially met and is surpassing our Gross Domestic Product (GDP), which is the entire economic output of the country. We're not quite as bad as Greece (their debit is about 144% of GDP), but we're getting ever closer.
At what point is it enough? At what point are we going to start bringing fiscal sanity to our government?
$15.23 trillion! And it's going to go up due to the most recent debt ceiling agreement! Do you know how many zeros that is?
$15,230,000,000,000.
To put it in perspective, imagine your annual salary is $15,230. Your credit card is maxed out, and the MINIMUM payment on that is $15,230. How can you pay for anything else without borrowing more?
I think I just found the one thing I can focus on to help me determine who I'll vote for in November.
Those numbers are mind boggling. We can't keep going this way. Our government needs to stop and think before they push through legislation that's killing our economy.
ReplyDeleteThat is the one thing we all need to focus on. We need to quit sending financial aid that we don't have to other countries. It is time we help ourselves! You did a real good job of putting things into perspective. Now if we just keep the candidates from blowing smoke up our ass.
ReplyDeleteI can't begin to imagine how its ever going to be paid off - the world looks like its heading for bankruptcy court.
ReplyDeleteShould we learn how to speak chinese or indian?