Debt Commission Leaders Paint Gloomy Picture
I seem to recall calculating per person indebtedness in the recent past at about $35,000. We obviously have an issue to address: It’s called “robbing Peter to pay Paul.” How about trying for the domino effect? If the public will pay its debts, be they personal or commercial, that should have the effect of causing more money to become available for capitalization, which should allow growth. Where we, as individuals, begin is to examine our purchases for their validity, in consideration to our debt base, in consideration to our reserves and to avoid utilizing our capital/equity for purchases that have virtually no longevity.
Meantime, if the government is complaining that money offered to private business is going unused, thus achieving no interest returns–all while being held within the Federal banking system–perhaps we need to discover what is being done with that money; and if it is in fact invested profitably, to return interest proportionately to decrease the Federal debt base.
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