This is a bad comparison, IMO. A better comparison would be multi-generational

Feb 8, 2016
9:30:10am

cheezedawg All-American

families, not a single family. Just as parents are at the ends of their careers and retiring their debt, the next generation is there earning even more and taking out more debt than the parents ever could by themselves.

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cheezedawg

Bio page: cheezedawg
Joined: Oct 4, 2007
Last login: Apr 19, 2024
Total posts: 66,218 (16,697 FO)

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Messages

Author

Time

This is what the US Debt/Budget looks like when comparing it at a personal level

Zenoch

2/8/16 9:22am

That is a lot of Abraham Lincoln's

TNT

2/8/16 9:23am

That's Ronald Reagan you dolt

WDaddy

2/8/16 9:24am

You can't buy Lincoln. It was his thing to stop that stuff. - pinball, + books

kimchicoug

2/8/16 9:25am

To the government's credit, they get really really low interest rate loans

Indy Coug

2/8/16 9:24am

And when interest rates go up - then debt interest payments becomes even bigger

Zenoch

2/8/16 9:29am

How much of the $61K is interest on the $311K debt?

Greg Kite's 'stache

2/8/16 9:24am

Here's a quote for you:

Zenoch

2/8/16 9:27am

Missing the even bigger pile of money of freebies they've promised to everyone.

Hoosier Cougar

2/8/16 9:27am

What really bothers me is that nobody is talking about budget cuts now that the

Bro

2/8/16 9:28am

And when they do talk about budget cuts, they never really cut anything.

bluecheese

2/8/16 9:33am

That is because they passed a bill that lets them spend without restraint

HuskerFan2

2/8/16 9:46am

This is a bad comparison, IMO. A better comparison would be multi-generational

cheezedawg

2/8/16 9:30am

Addtionally, the future number wage earners for the family will be decreasing

boogers

2/8/16 9:55am

This shows that the proper focus should be on policies to help the economy grow

cheezedawg

2/8/16 10:05am

I'll agree in principle, but for practical purposes the U.S. "good debt" ship

boogers

2/8/16 10:07am

I thought you were going to finish this thought...

cheezedawg

2/9/16 11:28am

sunk.

boogers

2/9/16 2:13pm

Except that here, parents are not retiring their debt as they reach the end

hansel

2/8/16 10:07am

Yes, this analogy certainly doesn't suggest that everything is okay

cheezedawg

2/8/16 10:11am

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