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SHARE OF NATIONAL DEBT FOR FAMILY OF FOUR = $100,114

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ulTRAX Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 08:45 PM
Original message
SHARE OF NATIONAL DEBT FOR FAMILY OF FOUR = $100,114
The national debt as of 9-2 was: $7,365,716,545,609

Divide that by the current US population of 294,196,019 and our personal "share" of the national debt is $25,036.... or $100,144 for a family of 4.

It really is shocking and the $100k line was probably crossed in just in the last week or so.

Yes... Bush and the GOP know EXACTLY where they want to lead this nation... but do we want to go there?

SOURCES:
http://www.publicdebt.treas.gov/cgi-bin/cg...~www/opdpen.cgi
http://www.census.gov/
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7th_Sephiroth Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 08:46 PM
Response to Original message
1. um, if i just paid off my chunk of the national debt
can i be exempted from taxes?
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Droopy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 08:50 PM
Response to Original message
2. That's a enough for a 3 bedroom 2 bath house where I live
Just enough for a family of 4 to live comfortably.
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EmperorHasNoClothes Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 08:53 PM
Response to Original message
3. This is what I try to tell people
Dubya's tax cut into a deficit is like taking out a loan for, say, $1000, but only $50 goes to you. The other $950 goes to Dick Cheney and his fellow multimillionares. But you have to pay back the whole $1000! Does that sound like a good deal to you?

Also, that if we didn't have the debt stealing tax revenue every year, EVERYONE would get something like a 20% tax cut. How's that for economic stimulus?

Disturbing to think how many years we'll be saddled with this.
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ulTRAX Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 08:59 PM
Response to Reply #3
5. two, two, two scams in one
Bush's pro-rich tax cuts are two scams in one. First is that the tax cuts are designed to strangle government by sabotaging revenues. The Right will never admit this hidden agenda and Kerry and the Dems don't have the sense to go for the jugular. The second scam is that debt run up while the progressive rates are high will be paid off ... if they will ever be paid off, when the tax burden is shifted downward.
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catbert836 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 08:53 PM
Response to Original message
4. Yeah, they're not the ones who'll pay it off.
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ulTRAX Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-07-04 11:18 AM
Response to Original message
6. the tyranny of round numbers
We live in society with a self-imposed tyranny of round numbers. We think turning 30, 40 or 50 is significant when they are just constructs of an arbitrary base-10 numerical system. Items at stores are priced at $9.99 instead of $10. We celebrate 10, 20, 30, 40, 50 wedding anniversaries.

The family of four's share of the national debt has just crossed the $100,000 line not that anyone's reporting this. But has the potential to have an impact on the campaign. I can only guess that when US fatalities in Iraq hit 1000, it will also be a psychological milestone.
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