How do we teach people in our country about debt, when we can't even get ourselves out of debt as a country?
2006-12-23 03:27:25 · 7 answers · asked by miky2tones 2 in Politics & Government ➔ Government
this is a good point you've made. people who can't even manage their own financial issues cannot comprehend the governments financial issues and therefore shouldn't even be voting or making comments on these things.
there are many people in our society now that just cannot manage their money and have huge debt and are facing repossessing of cars and foreclosures on their house. these are not just poor people -- this is happening to people who make huge salaries. everyone needs to learn to live with in their means and learn how to save.
2006-12-23 03:41:18 · answer #1 · answered by curious_One 5 · 0⤊ 0⤋
If our Government printed its own currency with gold backing, I don't think we would be talking about national debt here.
The federal treasury is nothing more than a private company run by a central bank, they print our money out of thin air and then loan it back to our Government, and we pay the interest, and the Fed controls policy, domestic and foriegn. No wonder were in Debt!!
2006-12-23 06:48:49 · answer #2 · answered by Al 6 · 0⤊ 0⤋
we need to vote out of office those who continue to put this country into debt by such things as borrowing money from some countries in order to buy friends among other countries, abolish cival service positions and make our employees, those employed at different levels of government, live on social security like the rest of us, and stop listening to those who tell us how to manage credit cards and listen instead to those like Dave Ramsey - daveramsey.com - who tell us to get rid of our credit cards. As long as we allow politicians to spend money without accounting for it, we will continue to be in debt as a nation
2006-12-23 04:14:50 · answer #3 · answered by Al B 7 · 0⤊ 0⤋
Oh, would that you were correct! Actually the national debt is approaching 9 Trillion Dollars, and everyone of us now owes almost $30,000.00 towards our share of this debt. Or a family of four now owes almost $120,000.00. Makes our individual credit card balance seem insignificant.
2006-12-23 03:39:14 · answer #4 · answered by Sailinlove 4 · 1⤊ 0⤋
I assure you that politicians and movers and shakers are diversifying in Gold and other currencies for them and there families. Getting all the power and money they can before the dollar collapses
The only way in the future if the trend continues. If we had a war with China we will have to ask them to buy our treasury bonds to fight them
2006-12-23 04:07:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You have much more to lose. Lenders are quicker to come after individuals than they are the US Govt.
2006-12-23 05:01:22 · answer #6 · answered by kobacker59 6 · 0⤊ 0⤋
because most people ignore it and leave the worry for the next generations
2006-12-23 03:36:14 · answer #7 · answered by dewnot_22 2 · 0⤊ 0⤋