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Old 03-02-2011, 10:36 AM
joeydb's Avatar
joeydb joeydb is offline
Santa Anita
 
Join Date: Jun 2007
Location: Southeastern PA
Posts: 3,044
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It should not be controversial to state that the government should not spend more than it takes in. Period.

Everyone has to get a grip. The debt is too high, and if you live above your means today, you will need to live below your means tomorrow. Math, not political alignment, is the sole important factor in this "debate". It's a math problem. Get the spending to a level less than the revenue coming in, and use the amount (revenue - spending) to pay down the debt.

That is the ONLY course of action. There is no such thing as an entitlement. You're not entitled to anything. If you owned stock in a company having negative value, you own part of the debt, and will reap no profit. This absurd situation has been going on for 80 years, since the 1930's and the ridiculous notion of Social Security. It is well past time for all this lunacy to end, before the dollar itself dies. Then your shares in the U.S. will truly be worthless.
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