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The Water Cooler
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US debt deal
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<blockquote data-quote="BillM" data-source="post: 4044770" data-attributes="member: 45785"><p>As an exercise in civics when I was teaching a US Government class in 2005 or 2006, I had the seniors in my classes calculate their personal share of the National Debt. At the time, it was about 7 trillion dollars, IIRC. Came to about $30K for every man, woman, and child in the country. Not every taxpayer, just every citizen. A couple of years ago, I recalculated it myself, and got over $200K per man, woman, and child. That was while President Trump was in office, and it looked like we might be able to start reining in the National Debt. What we are doing is kicking that can of debt down the future, to land on our kids, and grand-kids. Just about what Congress has always done. At this point, the only solution I can see is a 10Km dinosaur killer asteroid landing on Washington, D.C. We would have to completely overhaul our form of government, and with things as they are, that will not be happening in our favor. </p><p></p><p>I'd be surprised if half of our population is taxpayers. So whatever that actual amount is now, double it, at least...</p></blockquote><p></p>
[QUOTE="BillM, post: 4044770, member: 45785"] As an exercise in civics when I was teaching a US Government class in 2005 or 2006, I had the seniors in my classes calculate their personal share of the National Debt. At the time, it was about 7 trillion dollars, IIRC. Came to about $30K for every man, woman, and child in the country. Not every taxpayer, just every citizen. A couple of years ago, I recalculated it myself, and got over $200K per man, woman, and child. That was while President Trump was in office, and it looked like we might be able to start reining in the National Debt. What we are doing is kicking that can of debt down the future, to land on our kids, and grand-kids. Just about what Congress has always done. At this point, the only solution I can see is a 10Km dinosaur killer asteroid landing on Washington, D.C. We would have to completely overhaul our form of government, and with things as they are, that will not be happening in our favor. I'd be surprised if half of our population is taxpayers. So whatever that actual amount is now, double it, at least... [/QUOTE]
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