I read this in a CitizenLink newsletter:
“We have a family that is spending $38,200 per year. The
family’s income is $21,700 per year. The family adds $16,500 in credit card
debt every year in order to pay its bills. After a long and difficult debate
among family members, keeping in mind that it was not going to be possible to
borrow $16,500 every year forever, the parents and children agreed that a
$380/year premium cable subscription could be terminated. So now the family
will have to borrow only $16,120 per year.”
The newsletter said that if you take those numbers and
multiply everything by 100 million, that is exactly what our government has been
doing.
Blows my mind.
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