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OUR NATIONAL DEBT

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Let me begin by emphasizing; THE GOVERNMENT HAS NO MONEY! None, zip, zilch, none at all, only what it collects in TAXES or prints which just devalues wat we have. And who pays those taxes. Read on: -----

There is a cost for every dollar the US spends. Let us look at the recent stimulus as an example. The government spent almost 2 trillion dollars on it. Just start with 1 of those.

$29 trillion ÷ 332 million = approximately $86,447 per US citizen That amount compared to our 1400 stimulus payment equals a 61% negative income to debt ratio.

 The National Debt Clock says that "debt per citizen" is currently $87,124. But there's more, much more. That $29 trillion ignores Social Security and Medicare's current and future. In other words, by showing how much we would each owe if it were up to us to pay it back. how-much-you-would-have-to-contribute-to-pay-off-your-country-s-debt a according to “Katharina Buchholz , Feb 16, 2023. The average person in the U.S. is around $96,400 in debt,” When and how are you planning to pay your, For a family of  that means $578400 is due./municipal

So, who is the money owed to and who is going to pay it--- that is an interesting question. The best I could come up with is; -- most of it is owed to CHINA!!!!!!!!!!!. No wonder Biden’s son was so heavily engaged over there. The politicians will argue they will tax the corporations and wealthy but think about it. The corporations are in business to make money not spend it. They will of course relocate jobs overseas costing US jobs and/or increase the cost of their goods or services to be paid by who? Oh yah, you and me the consumer. And as for the wealthy, they are not wealthy by being stupid. They will move their money offshore and hire tax lawyers and use political donations to minimize their cost. And so, who pays ultimately? You and me of course.

When are we as a nation going to start thinking???