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INGRID C DURDEN's avatar

Rat discovered the reason why most governments and unfortunately, most Americans, are so deeply indepted! Instead of waiting till there is enough money, to buy what they need (or want) they buy on credit... governments spend millions and trillions without having it... and many people do the same and end up having debts they cannot repay. If you limit the buying and save some money there will be some in case of dire need! That is how I grew up - and the opposite of what most have grown up with!

Rat's avatar

Yes, people who live beyond their means tend to get a government that lives beyond its means.

INGRID C DURDEN's avatar

Is there a government that does NOT live beyond its means? I might move there LOL.

Stephen Rowland's avatar

Merlin, who claimed, “Creating money out of debt is magic”, is elected President.

Opmerker's avatar

"...just because you (THINK) you can afford it."

Liberty Jensen's avatar

You can’t be doin that now can you

Lois Thomson Bowersock's avatar

Rat is profoundly wise. Government is very expensive.

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Comment deleted
Apr 9, 2024
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Jessica J's avatar

No way can we even afford entitlements. We produce more bullshit every year in DC I wonder why nobody is buying it, says Johnson to Gaetz. Talking about a disappointing ordeal. He split it up to soften the blow. They wanted you in debt to your eyeballs so then they would tell you its fine all so you wouldn't care we're broke due to them having been able to foresee the fact that we were operating in the red for a long time and just keep telling you it's fine, but it's not fine, and your older now, and just stop government and admit you lied to us. Social Security is going bust in 9 years whoo.

EuphmanKB's avatar

It’s a tax revenue problem. Corporate tax cuts are the problem. Before those were cut there was no significant deficit. But, you need to look at the numbers going back 60+ years to see that.