AMERICA'S DEBT
A Personal Story
It is impossible to overstate the gravity of America's debt problems. Unfortunately
when people hear "America is 13 TRILLION DOLLARS in debt" it is such an
incomprehensible number that people just ignore it and pretend it doesn't matter. I
am here to tell you that not only does it matter but it our national debt is, by far, the
biggest threat to our nation, your safety, your well-being and your future. So that
you can understand the absurdity of America's debt problem I am going to juxtapose
our Federal Deficit and spending into a personal financial situation. This article should
make you want to buy a woodchipper and drive to Washington D.C. If it doesn't, you
are a disgrace and part of the problem. Critics will say "The Federal Government is
not subject to the same rules or economic concepts because they can inflate the
currency". Robert Mugabe agrees... Enjoy!
In 2009, you took home $50,000, not a bad year for most people. But you are not
most people, you love the high life. You spend money without worrying about
tomorrow just enjoying the good life today. In 2009, you spent $83,809. Clearly,
your spending habits are going to cause you problems. Over your lifetime you have
incurred $315,000 in debt and have nary a cent in your savings account or checking
account. It would make sense to start finding ways to save money but you look at
your situation and realize that in 2010 your obligations are going to cost you around
$86,000 and due to the current economy you will be doing well to earn $50,000
again.
Breaking down your personal spending you notice that you have three major
obligations (your house, your car and your health insurance). Unlike most people's
financial situation your obligations are growing significantly every year.
In 2009, you spent $17,500 on your house. You spent $18,000 on your medical
insurance and $4,500 on your car. Those obligations made up around 80% of your
income in 2009. Due to your mismanagement of your finances your obligations are
growing, in 2010 your house will cost you $18,325, your medical insurance will cost
$19,500 and your car will cost $4,750. By 2013, your house will cost you around
$20,500, your medical insurance will cost $22,600 and your car will cost $8,000. The
worst part of it that these bills cannot be paid off, they are perpetual bills and will
continue to grow 5%+ per year until the day you die.
It would be one thing if these three bills were your only obligations but as we all
know life is much more complicated than that. You have to eat, buy gas, pay for
electricity, etc. Those bills were around $40,000 for 2009. You could conceivably cut
those bills down but your standard of living will drop considerably and you may
starve to death so that is not a palatable option.
For your house and health insurance alone you are on the hook for 2.5 million
dollars, fifty times your annual income. You know for a fact that this will never be
paid. Your son who is learning the business will be held responsible for that amount
and while you feel bad that he will have to operate with that over his head you don't
see any way around it. The most hilarious part is that the car payment will increase
5-8% a year forever. Once again, it's way too much to think about, maybe your
great grandson will discover a new way to make money. Whatever...carry on.
The only other option is to make more money. Since you are a crack dealer, you
have unlimited income potential. Unfortunately, there are other crack dealers in your
area and if you start charging more for your brand of crack other dealers will
undercut you and your income could potentially decrease OR you could be killed
because your business started cutting in on other dealers businesses. Since you don't
want to die an early death growing your business significantly is not an option.
Up until now you have always been able to rely on your boss (The main crack dealer
in America) to finance your operation and make up the shortfall in your personal
spending habits. You are beginning to worry that you owe him too much money and
looking at your personal situation you see no way that you can ever pay him back or
even slow the growth of your debt. You slump into your chair after thinking about all
of this, depressed and hopeless. You decide that life is short and tomorrow is not
worth worrying about. You call your boss and tell him "Hey, I have always paid my
bills. There is no chance that I will ever miss a payment". He says "I understand". He
seems distracted. You have heard there are other dealers whose businesses are
failing worse and you sigh with relief knowing that they will be executed first. By the
time he gets to you the situation will be so bad that your boss will be bankrupt as
well and it won't matter. The whole operation will be defunct and a completely
different cartel will take over, a sobering thought but hopefully you'll be dead by
then... so fuck it.
Sources
www.usgovernmentspending.com
www.americanthinker.com
www.usdebtclock.net
House = Social Security
Medical Insurance = Medicare
Car = interest on debt
|
