Posted on 02/26/2017 2:20:28 PM PST by Laframboise Covenant
If you voted for any politician residing in Washington D.C. you are directly responsible.
You’re welcome !
I think the “raspberry” is in Canada, from that first version of the article he wrote.
It was asking who was responsible for Canadian & Quebecois debt.
Why would he be promoting a revocable trust scheme here in the US?
Another reason to stay a looooooooong way away from that scheme.
The national debt is not mine, no more than my grandparents’ debt is mine.
A deficit is NOT a debt. A debt is a balance sheet item.
A deficit is excess of expenditure over income. Even after a deficit you can still have money in the bank, eg you save for something for a couple of years (not a popular idea nowadays, I know, but possible) and at that point you go out and buy that “something”. In that particular year you may have a deficit because you’ve spent more than you earned, but you are not in debt.
Sounds more like an attempt at a philosophical exercise than anything of real interest - being clever isn’t always....clever.
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