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Here’s a simpler explanation…60% of households pay - no income taxes, so they don’t care.

Posted: Oct 11th, 2021 - 2:38 pm In Reply to: DEBT CEILING ANALOGY - Maybe this helps with understanding.

Half receive benefits, so they don’t care.

The government borrows, the Fed buys the debt, and no one cares.

It will never be repaid, and no one cares.

People who abuse credit see nothing wrong with a government that abuses credit.

The average American could care less.

I have been told that a large number of the public is incapable of understanding this analogy. If that’s true, there’s no hope whatsoever.

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DEBT CEILING ANALOGY - Maybe this helps with understanding. (Views: 917, 2021-10-11, 11:00 am)
- Now add on interest to that. The oligarchs/controlling - authority will throw the middle class (Views: 402, 2021-10-11, 12:54 pm)
- It's like getting your credit limit raised so you can borrow - even more money, to continue (Views: 411, 2021-10-11, 12:56 pm)
- The national debt is something like 28 TRILLION and climbing. - Very good explanation of the magnitude (Views: 416, 2021-10-11, 1:00 pm)
  - We are heading down that road to Argentina. - SM (Views: 459, 2021-10-11, 1:05 pm)
    - Or Venezuela North. - nm (Views: 429, 2021-10-11, 4:31 pm)
- Both the debt and sewage analogies are good except instead - of a credit card, it’s more like a mortgage. (Views: 540, 2021-10-11, 1:05 pm)
- Explaining the Social Security Trust Fund - sm (Views: 823, 2021-10-11, 1:08 pm)
- Here’s a simpler explanation…60% of households pay - no income taxes, so they don’t care.
  - So true...and IF they even bother to vote - that same attitude (Views: 477, 2021-10-11, 6:59 pm)
- Lesson #1 response - No one in particular (Views: 535, 2021-10-12, 8:09 am)
  - You are missing the point, as well as trying to blame - the previous President. Also, (Views: 624, 2021-10-12, 11:44 am)
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  - Biden has spent more in 2021 than the previous two years - combined. (Views: 392, 2021-10-13, 5:18 am)
- My husband and I went to lunch yesterday at one of our - favorite places, talking with the (Views: 664, 2021-10-13, 6:04 am)
  - Some people (Dims) are so blind to reality. - They still have TDS. (Views: 494, 2021-10-13, 1:39 pm)