Tuesday, October 13, 2009

Hey Washington...40% of our taxes for the 'minimum payment'?

Just picked up this off the Wall Street Journal.

The reason for posting it is to encourage you (Huh? Forty % of my taxes are going to pay interest on 'the' debt and I'm supposed to be encouraged?)

Ahem. The reason for posting it is to encourage you to spread it around to everyone you know.

I mean, look at the numbers. If you or I had this percentage of debt eating up our paycheck, we would HAVE to cut the credit cards and start planting a garden, right?

So, what is our government doing? Maxing out their China-cards, making minimum payments, applying for new cards, transferring balances AND going shopping for all new stuff. Oh, and while they're at it, asking for a raise. Speaking of numbers, let's just look at a one trillion dollars, shall we?


This guy (well, the indistinguishable vertical tick-mark) in the corner is standing by 5,000 double-stacked pallets of $100 bills, equal to $200,000,000 each. That's a trillion. Stack that up 12 times and you have the current national debt as of Sept 30 2009. Un-sustainable.

Send this to all the people you know that may not have a firm grasp on stuff like 'monetizing the debt', but can understand what a shell game transferring credit card balances is, and the dead-end it leads to. Tell 'em to look at tic-mark guy in the corner.

Tell them that this IS the real crisis, and it can't be covered by a TARP(heh), healed by healthcare(oops health insurance) reform, or by capping it and trading it off to someone else to fix.

Tell your friends to pick up the phone and tell their representatives, "Hello. We have to cut spending and we have to stop borrowing, or we'll fire all of you. "

This is optional but they could also say, "WHAT ARE YA, NUTS?"

Simple.

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