we are ALL broke.

30 03 2011

Ok, so we aren’t all individually broke….. but as a collective unit, yep, we’re broke.

As I was perusing Facebook I came across an article posted up by my friend Angela, called Going Broke. The article does a fantastic job of putting the national debt in terms easily understood.

Check it out:

“Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940–and that you were more than $14,000 in debt.
Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.
Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.”

Whoa. I’ve heard all kinds of commentary on the national debt, but this one was easily understood and really hits home. I wish I knew more about how it all accumulated and when we really started piling it on.

I hate debt. It feels terrible. I can only imagine what it would feel like to be in charge of a country that is ridiculously in debt.
“Pay the debt thou hast contracted… release thyself from bondage.” (D&C 19:35)


I have no suggestions on how to fix our INSANE amount of debt, but we definitely need to get something worked out. One thing I know for sure is that Mitt Romney saved the SLC Winter Olympics from financial ruin. Maybe, just maybe, Romney could knock off a chunk of our debt…

? Suggestions for eradicating the national debt? (Haha – if it’s a good one, you should probably take it to the top)

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3 responses

31 03 2011
Angela stone

Its time to stop all entitlement plans and all health care coverages. Let communities help. Let people go into debt on their own for health care. I’m sorry but we need to pay down the debt. It will never get paid off this way. Yes it is seriously harsh but really? It is time to be done. Congress needs to pay for their own health benefits. I do like the idea of bringing troops home to cover the border to reduce military spending but sometimes they do need to be overseas. We’d cut government jobs by like half. Yes people would be out of work but we can’t afford to pay them. All these things people say we can’t go without…we CAN. We need to wipe OUT this debt. Go 10+ years on a minimum budget. Bare bones. Oh and all those big parties and travel the gov leaders do needs to be done. BARE. Bones.

1 04 2011
Karen Peterson

The Salt Lake Olympics were the exact reason I volunteered for the Romney campaign in 08. And why I’ll do it again next year.

This ever-growing national debt is seriously scary.

1 04 2011
kylekealohaaldous

Romney is the man for sure!!!!

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