Sunday, February 12

National Debt of the USA

 Sometime between the ages of 55 and 60, my wife and I became debt free...  eliminating debt from mortgage, car loans, other bank loans, and credit card debt.


Because I served in the military during the Vietnam War, the GI Bill paid for all of my college education including graduate school.


Our combined income was right around $75-$80,000 which is not much in comparison to the rest of the country but sufficient to not just pay the bills in East TN, but save money, as well as go on several vacations (2 weeks plus several long weekends around holidays).


We managed to save enough money so that we could continue that same lifestyle that we had when both were working when we both retired in 2015.  If fact, we had saved enough money so that all our bills could be paid (taking inflation into consideration) until we both turned 95 years of age.


TODAY...

at the end of 2022, our national debt was $31.5 Trillion...

at the end of 2022, our gross domestic product (GDP) was $25.4 Trillion...

The GDP is the sum total value of all the goods and services produced by the USA...

WE OWE MORE THAT WE MAKE...


SOMETHING ELSE ABOUT WHICH TO THINK...

Our own Department of Defense has announced recently that our military is considered weak globally...

Our Navy needs upgrading

Our Air Force needs upgrading

Our Space Force needs upgrading

Our Army needs upgrading

Our Marine are tactically ready and prepared


WHERE WILL WE GET THE MONEY TO DO THIS UPGRADING IF WE HAVE SO MUCH DEBT


The Democrats want to take the USA green which in the long run may benefit us but in the short run will damn near ruin our economy because we simply do not have the infrastructure for instance to handle a nation of electric vehicles....


DO WE SPEND THE MONEY ON GOING GREEN OR ON THE MILITARY?


PLUS...

Our nation's highways, bridges, tunnels are outdated and need to be upgraded or else we will start to experience problems with domestic transportation and supply chain issues...


WHERE DO WE GET THE MONEY FOR INFRASRUCTURE?



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