How Do You Feel About Owing $12,644 You Never Personally Borrowed?
If you live in an American household, that's your present stake in the political nonsense game we see going on in Washington DC concerning needed drastic spending cuts. As we speak, your stake in the game keeps going up. Don't believe me. Goggle the National Debt Clock and see for yourself.
Enough is enough is what I say. I'm tapped out!
Hi the Frog Prince. The bad news is it 's only going to get worse. There is more debt in the banking system: both declared and 'off book', now coming due. On top of this I've heard that they are dumping those toxic assets (sub-prime mortgages/ securitized non-collectable debts) into pension funds: including state pension funds.
I cover all of this stuff - and more - in my latest hub. You can read it here: http://hubpages.com/t/262ed0
Hope you do not mind me posting a link here.
All the best.
Peter - Looking at the National Debt Clock, what you cite is peanuts. Look at the off line (unfunded liabilities) when you look.
I don't mind anyone posting links but in reality self-promotion on another Hub or question can bring a few frowns.
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