Brother, can you spare $46,000?
I asked my 15-year-old to do the basic math for me - divide $14.2 Trillion (the U.S. Debt - NOT INCLUDING obligations for Social Security, Medicare and Obamacare, which adds another $20 Trillion or so) by 310 Million (the current population). The result, somewhere around $46,000, is how much every man, woman and child owe in this country. He said he wasn't going to pay his portion. I told him many folks among our leadership, including our President, want that number to continue going higher - perhaps as much as $5,000 per year! Maybe by the time he has children it will be $100,000. And maybe my grandkids will be more generous than my son, who refuses to pay up for his portion.
..... or maybe people will get a clue and stop electing people (of BOTH parties) who spend like drunken sailors (no offense to drunken sailors, who actually show a little more restraint than the U.S Government usually does).
Don't buy the lie that *not* increasing the Debt Limit is equivalent to defaulting on the U.S. Debt, which would clearly impact the U.S.'s credit rating and ability to borrow money. It's just like your family budget - so long as the debt obligations come first, the creditors won't come knocking on your door. You just need to figure out how to prioritize the rest of your budget, and figure out what you can (and must!) live without.
I hope the debt ceiling isn't raised. My family of 6 currently owes over $275,000 as part of our portion of the National Debt, and I can't afford the INTEREST on that debt, let alone having our leaders add MORE to it!!
If you are reading this and you disagree with me, will you please send me the $275,000 to cover my family's portion? I would REALLY appreciate it!!