I will pay you Tuesday for a hamburger today!

I'm writing with grave concern about our national debt. Eleven Trillion is already untenable. Please do EVERYTHING in your power to influence Congress to reduce the national debt, not increase it. The news this morning is that Obama will increase debt to 20+ Trillion.
See Article:

At what point will it be unsustainable? Isn't 11 Trillion already enough? What will happen... really, think through this... what will happen if we reach a 'tipping point'...and our economy collapses...? Think about the numbers!!20 Trillion dollars!- If we paid back the debt at the rate of $1,000,000 (one million dollars) a DAY, it would take 20,000,000 (twenty million days) to pay it back, or 54,794 years.

If we paid back at the rate of $1,000,000,000 billion a day, it would take 20,000 (twenty thousand days), or 54 years. Where will we get a million dollars a day? a billion?Do we want our country to pay back our debt over the next 54 years? 11 Trillion Already! - Even if we paid back the current debt, 11 Trillion ($11,000,000,000,000), it will take 11,000,000 (eleven million days) to pay it back, or 30,136 years.

If we paid back $1,000,000,000 billion a day, it would take 11,000 (eleven thousand days), or 30 years. And these numbers don't include interest. We already have 30 years of repayment…IF we repaid at the rate of $1,000,000,000 (one billion) a day… and how realistic is that? With numbers like this...is it not unreasonable to question the future of our country? Is anyone in Congress listening to this?

1 comment:

  1. I'm no expert, but I believe that all the country can do is impose more taxation to cover the deficit.