Preoccupation with deficit/debt reduction (generation, death, dollar, money)
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The general mindset of Americans has been to go after their own best interests. So, why are many people haggling about the fiscal state of the country? It would only be natural for today's baby-boomers and middle-aged people to want deficit spending to continue, no? Federal programs are extremely beneficial to them. By the time the fiscal house is totally in order, these people would essentially be dead, and not have to worry about the country.
This is similar to taking out a huge loan, blowing all the cash, and then dying. You really don't have to foot any of the bill because you're dead. Not a classy thing to do, but possible nonetheless. Basically, what is stopping you from maxing the credit card and going down the pay-off-all-my-debts-before-I-die path?
The general mindset of Americans has been to go after their own best interests. So, why are many people haggling about the fiscal state of the country? It would only be natural for today's baby-boomers and middle-aged people to want deficit spending to continue, no? Federal programs are extremely beneficial to them. By the time the fiscal house is totally in order, these people would essentially be dead, and not have to worry about the country.
This is similar to taking out a huge loan, blowing all the cash, and then dying. You really don't have to foot any of the bill because you're dead. Not a classy thing to do, but possible nonetheless. Basically, what is stopping you from maxing the credit card and going down the pay-off-all-my-debts-before-I-die path?
You may know the "Theory of Relativity", but you're no Einstein...!
Most people have relatives decades younger than them. So when they are buried and not accountable for the debt, their relatives would be living in huts, put into permanent destitution due to their ancestors.
The general mindset of Americans has been to go after their own best interests. So, why are many people haggling about the fiscal state of the country? It would only be natural for today's baby-boomers and middle-aged people to want deficit spending to continue, no? Federal programs are extremely beneficial to them. By the time the fiscal house is totally in order, these people would essentially be dead, and not have to worry about the country.
This is similar to taking out a huge loan, blowing all the cash, and then dying. You really don't have to foot any of the bill because you're dead. Not a classy thing to do, but possible nonetheless. Basically, what is stopping you from maxing the credit card and going down the pay-off-all-my-debts-before-I-die path?
Some of us us actually care what happens to our Country!
Your debts must be discharged upon your death. It comes out of your estate. Even the Feds get you with a death tax which is a second taxation on assests and money you have already been taxed upon. When your estate runs out of money, they pay the most important debts first.
Guess who is first? Yep the Fed's death tax. What is left over is divided amoung the creditors and then if there is anything left over, it will pass to the heirs, who will be taxed on an inheritance. It all a systematic scheme for the government to steal your money.
In the case of the now 14 trillion dollar debt, it passess to the next generation of tax payers, on top of the entitlements already in place. This is a roadmap toward bankruptcy. The Chinese will be able to conquer this country without ever firing one shot. The deficit must be paid off, the size of government must be downsized dramatically, and the government must be made to balance the budget every year.
I've repped every comment so far because whether folks are on the left of right of this issue, I think that everyone involved in this conversation is concerned about the country even when we vociferously disagree about what course of action is best.
I've repped every comment so far because whether folks are on the left of right of this issue, I think that everyone involved in this conversation is concerned about the country even when we vociferously disagree about what course of action is best.
Yep. That's basically all I am questioning.
People have always been selfish and about themselves, but we are finally working towards a common goal of fiscal responsibility. I like that.
The general mindset of Americans has been to go after their own best interests. So, why are many people haggling about the fiscal state of the country? It would only be natural for today's baby-boomers and middle-aged people to want deficit spending to continue, no? Federal programs are extremely beneficial to them. By the time the fiscal house is totally in order, these people would essentially be dead, and not have to worry about the country.
This is similar to taking out a huge loan, blowing all the cash, and then dying. You really don't have to foot any of the bill because you're dead. Not a classy thing to do, but possible nonetheless. Basically, what is stopping you from maxing the credit card and going down the pay-off-all-my-debts-before-I-die path?
Something about hyperinflation, currency devalution and civil anarachy just bugs people. I don't know why.
People have always been selfish and about themselves, but we are finally working towards a common goal of fiscal responsibility.
Call me an eternal optimist, but I believe that human selfishness also recognizes that the health of the whole is not only important but absolutely vital to the health of oneself.
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