Skip to main content

Posts

Showing posts from April 3, 2011

Spending and Spending

I almost hate to do this one for fear of running off people that don't want serious posts, or get bored with the same subject; but I feel I have to. My last post went into the problem we have in this country with finances, specifically government finances. There are way too many people in this country that believe the government can just spend money whenever and on whatever they want (including a lot of politicians!). I won't redo that post. If you care, you can go look yourself. This post however is going to be similar. I am gravely concerned about our national debt. Mostly because the spending/budgeting by the government seems to be ignoring it. The U.S. national debt now stands at over 14 TRILLION dollars! 14 Trillion! Our GDP (gross domestic product - the combined value of all goods and services of an economy) is about 14 Trillion dollars. So, the U.S. owes as much as it produces. Now this is not as much as is earns - but produces. Compare this to an individual that owe