Not many folks talk about this, that the US spends more on defense than the next 17 nations combined. (We are 11th as a percent of GDP @ 4.7%.)
If i was loaning money to a neighbor and he spent it all on guns and ammo... i would be a little worried about trying to collect that debt.
Are we really intending to pay off our debts??? Or, do we really have to worry about paying it off?
Another thought; "the borrower is servant to the lender" i wonder if the lenders to the US are controlling what is happening in this country behind the scenes.
That is probably enough crazy thoughts about debt.
A person with zero debt is free from many worries.
1 comment:
Well, Your thoughts about our government's debt issues make a lot of sence (no pun) to me. I get tired of hearing that our economy is so complex that simple folks are unable to understand the issues. I think people who have mananged their personal lives in a wise and frugal manner are not only intitled to their opinion regarding our goverment spending but should be able to participate directly in solving the budget problems. So Mark, you need to get to Washington and talk to the Senate and Congress.
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