Helping Kids Understand Debt

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

 

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.

 

Useful in what sense, exactly?

 

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.

 

I took the indebted quiz, answering as my daughter. She scored as a 'Savings Guru'. Guess the things we taught her stuck!

Check out Fall Out Boys vid on the link; great song.

Fall Out Boy - “I Don’t Care” | InDebtEd

 

Educating is great. Providing false information as a scare tactic is not.

 

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

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.

 

Any luck hitting that strawman?

 

Isn't it amazing how the hypocrisy from the left never ends...

 

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