Comments on: The National Debt is a “Grandchild Tax” http://ideonexus.com/2008/02/06/the-national-debt-grandchild-tax/ Wed, 02 May 2012 13:57:50 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Chris http://ideonexus.com/2008/02/06/the-national-debt-grandchild-tax/comment-page-1/#comment-11147 Chris Sat, 20 Jun 2009 18:50:13 +0000 http://ideonexus.com/?p=589#comment-11147 Debt is the biggest issue facing us all. I found this video on YouTube which really opened my eyes to the importance of getting out of debt: http://www.youtube.com/watch?v=50bWUrKAbwU I am sure you will be as amazed as I was. Debt is the biggest issue facing us all.
I found this video on YouTube which really opened my eyes to the importance of getting out of debt: http://www.youtube.com/watch?v=50bWUrKAbwU
I am sure you will be as amazed as I was.

]]> By: Linwood Lyons http://ideonexus.com/2008/02/06/the-national-debt-grandchild-tax/comment-page-1/#comment-887 Linwood Lyons Mon, 17 Mar 2008 05:58:36 +0000 http://ideonexus.com/?p=589#comment-887 <> Let's get this straight. It's theft. We're spending their money. Not on the misdemeanor scale, but on the felony scale. There can be no greater crime than stealing from your own children. Drug addicts to that on an individual level. Our society today does that on a national scale. Many of us will be dead, but there will be an accounting. The current generation will be held the worst in our nations history by a wide margin. Keep in mind, the United States has held other countries, which have gotten themselves in debt, hostage to repaying that debt. The rest of the world will not forget, and we're not going to like the taste of our medicine. What we're doing to our children is, honestly, despicable. <>

Let’s get this straight. It’s theft. We’re spending their money. Not on the misdemeanor scale, but on the felony scale. There can be no greater crime than stealing from your own children. Drug addicts to that on an individual level. Our society today does that on a national scale.

Many of us will be dead, but there will be an accounting. The current generation will be held the worst in our nations history by a wide margin.

Keep in mind, the United States has held other countries, which have gotten themselves in debt, hostage to repaying that debt. The rest of the world will not forget, and we’re not going to like the taste of our medicine.

What we’re doing to our children is, honestly, despicable.

]]> By: ideonexus http://ideonexus.com/2008/02/06/the-national-debt-grandchild-tax/comment-page-1/#comment-888 ideonexus Fri, 08 Feb 2008 04:14:12 +0000 http://ideonexus.com/?p=589#comment-888 I understand completely that the National Debt is not entirely like personal debt (it makes much less sense). The fact is that an excessive National Debt like ours, owned by Asian countries devalues our currency and puts our economy under foreign threat. In today's world, with China owning so much of our debt, <a href="http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml" rel="nofollow">if they so much as think about diversifying their investments</a>, the value of the dollar plunges. I think the error is in thinking the National debt can inflate forever without consequence. Which is exactly what the Baby Boomers have done. That is trading our Nation's Future for short term gain plain and simple. I understand completely that the National Debt is not entirely like personal debt (it makes much less sense). The fact is that an excessive National Debt like ours, owned by Asian countries devalues our currency and puts our economy under foreign threat. In today’s world, with China owning so much of our debt, if they so much as think about diversifying their investments, the value of the dollar plunges.

I think the error is in thinking the National debt can inflate forever without consequence. Which is exactly what the Baby Boomers have done. That is trading our Nation’s Future for short term gain plain and simple.

]]> By: links for 2008-02-07 « Clint’s blog http://ideonexus.com/2008/02/06/the-national-debt-grandchild-tax/comment-page-1/#comment-889 links for 2008-02-07 « Clint’s blog Thu, 07 Feb 2008 22:20:34 +0000 http://ideonexus.com/?p=589#comment-889 [...] ECONOMICS: Dear Babyboomers: The National Debt is a Grandchild Tax Ryan Somma has captured exactly how I feel once again, with his sarcastic congratulatory letter to babyboomers are are about to retire. [...] [...] ECONOMICS: Dear Babyboomers: The National Debt is a Grandchild Tax Ryan Somma has captured exactly how I feel once again, with his sarcastic congratulatory letter to babyboomers are are about to retire. [...]

]]> By: norman http://ideonexus.com/2008/02/06/the-national-debt-grandchild-tax/comment-page-1/#comment-890 norman Thu, 07 Feb 2008 03:17:05 +0000 http://ideonexus.com/?p=589#comment-890 Entertaining letter but fortunately in error. It demonstrates a misunderstanding of the national debt and currency. The national debt will never be eliminated as it represents the money supply plus leverage. Yes, those dollars in your wallet/purse are debt. It is a brilliant system more would be wise to study. There are fiscal and monetary restraints on the debt/money supply. The fiscal restraint is debt service as a percentage of revenue and the monetary restraints are inflation and exchange rates. It is better to discuss these restraints . Entertaining letter but fortunately in error. It demonstrates a misunderstanding of the national debt and currency. The national debt will never be eliminated as it represents the money supply plus leverage. Yes, those dollars in your wallet/purse are debt. It is a brilliant system more would be wise to study. There are fiscal and monetary restraints on the debt/money supply. The fiscal restraint is debt service as a percentage of revenue and the monetary restraints are inflation and exchange rates. It is better to discuss these restraints .

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