Your share of our $9 trillion national debt

March 17, 2006 | By | Reply More

According to this article, the national debt is also increasing by $350 billion per year, which is about $1100 for every man, woman and child in America, or about $100 per month.  That’s a debt that Bush and our Republican Congress is spending, and handing you the bill for.  That’s on top of the taxes we already pay.

This is the Republican version of a tax cut.  Yes, you pay less tax today, but the government simply takes out a loan instead…with your name on it.  You’re not getting a tax cut; you’re getting a loan that will someday need to be paid back.

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Category: Politics

About the Author ()

Grumpypilgrim is a writer and management consultant living in Madison, WI. He has several scientific degrees, including a recent master’s degree from MIT. He has also held several professional career positions, none of which has been in a field in which he ever took a university course. Grumps is an avid cyclist and, for many years now, has traveled more annual miles by bicycle than by car…and he wishes more people (for the health of both themselves and our planet) would do the same. Grumps is an enthusiastic advocate of life-long learning, healthy living and political awareness. He is single, and provides a loving home for abused and abandoned bicycles. Grumpy’s email: grumpypilgrim(AT)@gmail(DOT).com [Erich’s note: Grumpy asked that his email be encrypted this way to deter spam. If you want to write to him, drop out the parentheticals in the above address].

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