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Lesson #1 response - No one in particular

Posted: Oct 12th, 2021 - 8:09 am In Reply to: DEBT CEILING ANALOGY - Maybe this helps with understanding.

To be considered - What if that balance on that credit card was due to medical care for your uncle? He does not have the ability to pay and you cosigned the credit card. The current debt increased by over 7 trillion dollars due to the previous administration. In this case, I would raise the roof and never cosign a loan for my uncle again. I think this is a fair representation of the current debt crisis we face today.

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DEBT CEILING ANALOGY - Maybe this helps with understanding. (Views: 874, 2021-10-11, 11:00 am)
- Now add on interest to that. The oligarchs/controlling - authority will throw the middle class (Views: 349, 2021-10-11, 12:54 pm)
- It's like getting your credit limit raised so you can borrow - even more money, to continue (Views: 373, 2021-10-11, 12:56 pm)
- The national debt is something like 28 TRILLION and climbing. - Very good explanation of the magnitude (Views: 378, 2021-10-11, 1:00 pm)
  - We are heading down that road to Argentina. - SM (Views: 423, 2021-10-11, 1:05 pm)
    - Or Venezuela North. - nm (Views: 378, 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: 468, 2021-10-11, 1:05 pm)
- Explaining the Social Security Trust Fund - sm (Views: 755, 2021-10-11, 1:08 pm)
- Here’s a simpler explanation…60% of households pay - no income taxes, so they don’t care. (Views: 495, 2021-10-11, 2:38 pm)
  - So true...and IF they even bother to vote - that same attitude (Views: 424, 2021-10-11, 6:59 pm)
- Lesson #1 response - No one in particular
  - You are missing the point, as well as trying to blame - the previous President. Also, (Views: 568, 2021-10-12, 11:44 am)
  - This is part of the problem. Big Government has become - Big Nanny Government, for votes. (Views: 300, 2021-10-12, 12:39 pm)
  - Biden has spent more in 2021 than the previous two years - combined. (Views: 351, 2021-10-13, 5:18 am)
- My husband and I went to lunch yesterday at one of our - favorite places, talking with the (Views: 631, 2021-10-13, 6:04 am)
  - Some people (Dims) are so blind to reality. - They still have TDS. (Views: 462, 2021-10-13, 1:39 pm)