Let’s say you have a mortgage loan and credit card debts. But you spend or throw away money left and right (our gov’t throws it to the left). So… your credit card gets maxed out and you take additional equity loans against your house. Soon you lose your house, and go bankrupt.
The difference with this administration, is that they’re bankrupting our nation by spending your kids money. And your kids will have nothing when they grow up. No Social Security, no Medicare, no welfare, no student loans, no homes, no military, nothing. Goodbye USA, it was nice while it lasted.
Social Security will be bankrupt by 2033.. Medicare not far behind.
https://freerepublic.com/focus/f-news/4125568/posts