It is extremely sad. Those of us that are a bit older lived beyond our means. We paid somewhat low taxes, reaped massive benefits in education, healthcare, government investment, waged expensive wars foreign and domestic, paid way too much for infrastructure that went to unscrupulous companies and invested in pet projects like Obama's Solendra and you young people will have to ultimately pay the price. You will have crippling tax rates, underfunded social services, a skyrocketing interest rate on your debt and will probably take 100 years to pay off the debt we have accumulated in the past 20 years. It is sickening.
If any of you disagree. Just think how many years it takes to pay off your own reckless consumer spending over 1 year. I think the 5x ratio is realistic. It will be 100 years until this 16 trillion dollar debt is racked up. Obama alone added about 5 trillion since he gained control. Maybe its not all his fault but he certainly is not the model of restraint in spending. It is really sickening. What if China calls in our debt? What then?
BSBA CIS from TESC, BA Natural Science/Math from TESC
MBA Applied Computer Science from NCU
Enrolled at NCU in the PhD Applied Computer Science