Debt Problem? No problem.
Posted in the Franklin Forum
Since: Dec 06
#1 Mar 3, 2013
Even in 2010 the Joint Chiefs of Staff, Adm. Mike Mullen called the national debt "our biggest national security threat."
In 2011 they asked Obama where the leadership was. The President's own debt commission said that our total government revenue will only be sufficient to pay for four items: Medicare, Medicaid, Social Security and interest on the national debt. Every other government programs will have to run on borrowed money.
By 2028 just paying the interest on the nation debt will cost One trillion dollars. But Obama will not have to worry. He will be 67 and drawing social security and on medicare.
So what is Obama solution? More taxes and more spending.
Americans are getting older. Younger people are not having or limiting the size of their families. More people will be retire and on these programs. The costs of raising a family will only go up. As they grow older and enter their adult years, they have families of their own and begin to contribute to new cycle of economic productivity. In conclusion we are killing off some 55million by abortion. If only 50% of those abortions turned out to be working Americans, paying in these programs, it would give some relief. But we no longer value life.
Since: Dec 06
#2 Mar 3, 2013
Don't be fooled by politicians. They keep talking about the deficit. I love it when people said Clinton had a surplus. Yes he did but that surplus was from borrowed money that we did not spend. Still it added to the national debt. How does the future look for your children? Not very good from where I am setting.
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