Our kids and grand kids will not be paying anything back. Did you ever get a bill for your "share" of the national debt? I think not. Neither will our descendants. To me, it is all just more smoke and mirrors. If I applied my entire net worth to the national debt, I would not even come near to what my "share" would be. Not too many on this forum would be much different. As far as I can see, the national debt is just some numbers on a piece of paper. Big numbers on a big piece of paper. We owe a lot to China. And, if we do not pay them what happens? Basically nothing. Are they going to foreclose on Alaska? Florida? California? None of the above!. This will not affect my daily life one bit. I will still get up at about the same time, eat about the same meals, and go to bed about the same time. I may watch a bit of TV or sit on the computer a while. I might even work on one of my waiting projects. Overall, debt or not, my life will be about the same. So will my kids' lives and their kids' lives. Time to worry about something I have some control over. {{yawn}}
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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