Have any of you folks seen any of the snippets of video from the recent Town Hall meetings and Tea-Party rallies?
Next time you do, take a look a the age of the attendees. A lot more older citizens than I'd expect. I'd guess that the over-55 crowd vastly outnumbers the under 35 crowd. The classic generation gap.
Maybe it's just me, but it seems that with the national debt rapidly moving toward that $10 TRILLION level, the folks that would be the most concerned would be the younger generations.
After all, those are the ones that will end up with the impossible task of paying the bill.
"Impossible" task you may ask?
There are two ways to look at it. First it is impossible because most of the Obama voters were hoping for a free-ride in years to come. Obama promised them a land of milk and honey with no effort needed on their part. Do you think the idiots that bought this line of crap will pitch-in and work hard to retire this gargantuan debt?
No way Jose.
Yet again, there is the dollars-and-cents approach to retire Obama's "impossible" debt.
There are about 300 million citizens in the US.(I won't bother to count the 40 million illegal aliens that are being exempted from taxes by the amnesty bill).
The median income per household member (including all working and non-working members above the age of 14) was $26,036 in 2006. In 2006, there were approximately 116,011,000 households in the United States
$10 trillion divided by 116 million figures out to over 85 thousand dollars from each an every one of us - just to retire the debt. Note that these are EXTRA dollars that must be added onto our regular income taxes if the debt is going to be retired. This also assumes that Pelosi and Reid will never again waddle up to the trough for more money - good luck with that.
Pretty hard to do if the median household income in 2007 was only $50,233.00!