Helping Kids Understand Debt

Discussion in 'Current Events' started by Indiana Oracle, Apr 24, 2009.

  1. Indiana Oracle
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    Indiana Oracle The Truth is Hard to Find

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    Here is a link forwarded by a friend for children of college age. Very useful at this time.
    InDebtEd
     
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  2. Iriemon
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    Iriemon VIP Member

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    It's a fucking shame isn't it? Immoral isn't it? I've been saying this same shite for 8 years.

    It's ironic you say it would be useful at "this time." Because at this time a Dem is in power?

    Only 9 years ago the debt was half it is now, and with a surplus budget the Govt was paying the debt down. That was the time the website would have been really useful.

    Because the "pass the buck generation" didn't like the idea that they were govt was taking "their money" for paying down their debt, and lapped up the lies of policitians and their tax cut supporters who told them they could cut taxes and pay down the debt too.

    It's the legacy of Ron George and George. And the way it is looking, Barack too. Hopefully not, but I'm not optimistic.

    The website is misleading though. $11 trillion is actual debt owed. The $53 trillion (and therefore the your share figure) is falsely labelled "real debt." It is not. It is a projection of SS/Medicare costs over the next 75 years if nothing changes. Of course, if taxes are raised or benes cut that figure can be reduced or eliminated with a stroke of a pen.

    There is real reason to be concerned about the debt and the immorality of the fact that for decades the pass the buck generation and its leaders have financed tax cuts with debt theire children and grandchildren will bear.

    But there's no reason to use false scare tactics to make the point.
     
    Last edited: Apr 24, 2009
  3. editec
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    editec Mr. Forgot-it-All

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    Useful in what sense, exactly?
     
  4. Indiana Oracle
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    Indiana Oracle The Truth is Hard to Find

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    Get serious. My post has nothing to do with politics. It is a shame at a number of levels, but educating our children on the basics of debt and spending is a good thing.
     
  5. Zoom-boing
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    Zoom-boing Gold Member

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  6. Iriemon
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    Iriemon VIP Member

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    Educating is great. Providing false information as a scare tactic is not.
     
  7. Newby
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    Newby Does it get any better? Supporting Member

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    What's the matter, Iriemon? Don't you like the numbers on that page? :lol:

    When is was Bushie in the Whitehouse, it was an outrage, but now that it's Obama as the POTUS, the deficit is just fine. :cuckoo:
     
  8. Iriemon
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    Iriemon VIP Member

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    Any luck hitting that strawman?
     
  9. KMAN
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    KMAN Senior Member

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    Isn't it amazing how the hypocrisy from the left never ends...
     
  10. Newby
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    Newby Does it get any better? Supporting Member

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    Square in the heart. :lol: You just keep defending the Obama spending, it's what you do best.
     

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