Monday, June 7, 2010

an intelligent comment on my blog

there is hope among the sheeple:

Anonymous has left a new comment on your post "Debt is larger than GDP":

For years, both Republicans under G.W. Bush and Democrats have justified debt by saying that as long as the GDP is greater than the debt, everything will be Ok. Well, that's no longer the case. This is something that both Democrats and Republicans should be terrified of as well as the public. If the governement continues to spend irresponsibly, average citizens become deeply affected because any savings they have won't be worth anything. Currency is only as good as the country backing it. The US government is setting itself up to crash in a download spiral. Can it avoid it? Yes, but it needs to start now and there seems to be no sign of that. Common sense tells us that you can't spend uncontrollably year after year more than you make. Ask anybody whose done that and gone into bankruptcy as soon as the slightest drop in income threw off their ability to even make the minimum payments. The debt, in regards to every citizen is now over $100,000. I don't have my $100,000 share... do you?

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