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#StopKickingTheCan

By lance on October 20, 2013 8:00 AM | 9 Comments

9 Comments

Fred | October 20, 2013 9:06 AM | Reply

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”

-Barack Obama 2008

roger in florida | October 20, 2013 10:51 AM | Reply

"My generation is going to have to pay it back"?
No mate, it is much worse than that: If the US Federal Govt. were to live within it's $2.7trillion of revenue income and set aside a small but significant amount for debt retirement, say $500million a year, we would be almost debt free in only 30,000 years.

Robert | October 20, 2013 12:07 PM | Reply

This from a significant demographic that climbed on the Obama bandwagon...twice. Quit generalizing kids, it likely wasn't your parents that sought the entitlements.

Oz | October 20, 2013 12:08 PM | Reply

"My generation is going to have to pay it back"

Your generation voted overwhelmingly for Barack Obama.
When Obama came to power the entire national debt was $10T.
By the time Obama leaves office, if he leaves office with 8 years under his belt, the national debt will be over $20T.

It's nice to see that this small insignificant group of kids understand the problem of deficit spending, but it's too bad that they're a small insignificant group instead of "their whole generation" or even a majority of their generation.

In closing, I'd like to mention that my generation had a small insignificant cohort that understood deficit spending was a bad thing too.

Annie | October 20, 2013 12:09 PM | Reply

If this generation feels so strongly about the debt, perhaps they shouldn't have voted for the one spending it.

lance replied to comment from Annie | October 20, 2013 12:21 PM | Reply

Annie, _everyone_ who has voted in the last 30 years has voted for it. This video is about as non-partisan as it gets.

Ken (Kulak) replied to comment from lance | October 20, 2013 2:26 PM | Reply

Lance, exactly. All of us are to some degree guilty as even "conservatives" vote for politicians who promise increases to entitlements.

Linda | October 20, 2013 6:58 PM | Reply

Former money manager Stan Druckenmiller is broadcasting a similar message - and he's getting some audiences - in a few unlikely places. Maybe more of the kids are waking up. http://online.wsj.com/news/articles/SB10001424052702303680404579141790296396688

Doug | October 22, 2013 5:44 PM | Reply

When are we going to realize that the reason Democrats and Republicans now march in lock step spending 'magical money" like there is no tomorrow is BECAUSE there is no tomorrow. They are attempting to prop the House of Cards as long as possible so as to placate the population because when the cards come crashing, it will be more than sh*t hitting the fan...think mass mayhem, civil war, international nukes.

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Doug: When are we going to realize that the reason Democrats read more
Linda: Former money manager Stan Druckenmiller is broadcasting a similar message read more
Ken (Kulak): Lance, exactly. All of us are to some degree guilty read more
lance: Annie, _everyone_ who has voted in the last 30 years read more
Annie: If this generation feels so strongly about the debt, perhaps read more
Oz: "My generation is going to have to pay it back" read more
Robert: This from a significant demographic that climbed on the Obama read more
roger in florida: "My generation is going to have to pay it back"? read more
Fred: “The problem is, is that the way Bush has done read more

#StopKickingTheCan

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