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alstry (< 20)

WE THE PEOPLE'S Borrowing In Perspective



November 28, 2011 – Comments (1)

When a government borrows money, it is borrowing against the future production of the nation. When the government borrows more money than the current generation can pay back, it is borrowing against the children's future production.

In 1980, the TOTAL accumulated government debt in America was about $1 Trillion dollars. Today, government is borrowing OVER $1 Trillion dollars per year to support the spending of the adults in our debt outstanding just crossed $15 Trillion.

What should the children think when they are broke and can't find jobs and we are borrowing their money to enjoy our lifestyles?

Government - Historical Debt Outstanding - Annual 1950 - 1999

Watch what happens as the protesters figure this's a

Imagine if the protesters were simply handed $13 Billion to give themselves bonuses....

Wall Street would be protesting.....

Secret Fed Loans Gave Banks Undisclosed $13B

1 Comments – Post Your Own

#1) On November 28, 2011 at 9:52 AM, motleyanimal (36.15) wrote:

Only 27 days till Christmas. Let's go shopping!

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