Would You Borrow a 11 Million Dollars On Your Wage?

In the last six months, the tax and money junkies in Washington DC have run up $11,000,000,000,000 in national debt. Bailouts for lying cheating incompetent companies, TARP, stimulus (which still hasn't stimulated anything).

Thomas Jefferson: "The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." Politicians are "...unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves."

Some numbers. Just the interest alone on this debt will be $26,000,000,000. For those that have recently been through our public education system, that's 26 billion. If the debt stops there, doesn't grow, that's $300 billion a year. Think how much could could be done for the things government is supposed to do...transportation infrastructure, education, defense, police, fire. Oh, did I mention, that 26 billion is per month! You and our children, and our children's children are paying for that. By the year 2019, annual interest payment on the national debt, at this rate, will be $806 billion. Compound interest ring a bell? It nice when investing, bad when borrowing.

The Statists say they're going to get it from rich people and corporations. Windfall profits and such. Here's profits of major corporations in 2008: Exxon Mobil $45.2 billion, GE $17.41 billion, Wal-Mart $12.7 billion, IBM $12.3 billion for a total of $87.61 billion. About $88 billion toward the $806 billion. Plus how much can you get from Statist billionaires Soros, Buffet, Gates and other guys like them. You can bet they have hidden a lot of bucks from the eyes of the government. If they walked their talk they would have full disclosure and have no deductions. Plus they could pay a lot more just because they care about Amerika. They told us so (while hiding their money). Obama has already dropped his taxable rich from $250,000 a year income to $200,000 a year. Any doubt he drops it again? You think because you only make $40-50 grand a year you're safe?

By the way, if there was no interest on all this massive debt, all the taxes, at the level they are now, the principle could not be payed off in ten years. Couldn't even make a dent in the principle!

Obama's 2009 budget of $1,700,000,000,000 is having us spend $4.657 billion per day, or $53,906.64 per second. Most Americans don't even make that in a year, and he and his Statist fellow travelers want to spend that much per second!

This is equivalent, I think, of you or me, regular wage earners, borrowing $11 million, with no means of paying for it. Would you do it? Then why are we letting the federal government do it? Do you really think your wages are safe, your job is safe? You better think again.