03-28-2017, 03:03 PM
(03-27-2017, 11:08 PM)pbrower2a Wrote: As long as we outgrow our debt, we are fine. I'd rather have $200K in debt and earnings of $100K a year than have $500 in savings and an income of $12K a year. The fellow with the high debt and income is a physician, and the person who is barely above water might be living on disability.
Trouble is that the US has a debt of $20T plus at least another $100T in unfunded liabilities on about $16T of GDP.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises