Of course this guy doesn't have Keith Olbermann's credentials...or even Bill Mahr's. So what would he know?
http://www.limaohio.com/articles/debt-38...ional.html
Letter: National debt undue burden on families
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June 21, 2009 - 6:53 PM
Shawn Meyer, Rockford
My family of seven is more than $1.28 million in debt. We can pay this debt off in 31 years if we dedicate 100 percent of our income to debt reduction. Of course, we need to eat. And we need to pay the mortgage, utility bills, insurance premiums, etc.. We're in deep trouble as anyone can easily see.
To make matters much worse, we are accumulating more than $46,000 in additional debt each year. This is more than our total gross income. I know what you're thinking: Put the breaks on your spending for Pete's sake.
How I wish it were that easy. You see, I'm not referring to personal debt). I'm talking about my family's share of the national debt, combined with our obligations to Social Security and Medicare which together are currently under-funded by about $44 trillion, according to former Comptroller General David Walker. To sum up his report: We're basically toast.
What does a father of five do? I've consistently voted for those who promised to be fiscally responsible. I've written and called my congressmen and senators. I warn them that we're watching. But they don't care. They continue spending like the prodigal son, betting everything on the foolish hope that with massive tax increases, freshly inked bills and crossed fingers we'll somehow escape the inevitable. We won't.
Despite his oft-repeated campaign promise to rein in spending, get the deficit under control, and shrink our national debt, President Barack Obama's "solution" to our desperate situation is to accelerate irresponsible spending and entitlements to unprecedented levels.
Do you realize the scope of the problem? What do you intend to do about it? Problems don't go away by ignoring them.