Americans are the stupidest motofotos on the face of the earth. We have been running record budget deficits for the entirety of the Bush administration. The CBO says that the deficit for the next fiscal year will be $490 billion if everything works out okay. $490,000,000,000.00.
And we are still having a “national dialogue” on “whether or not” we should end the war in Iraq that is costing us $200 million a day. $200,000,000.00 every day.
Last year, the US paid $406 billion in interest on our national debt. $406,000,000,000.00.
That is our annual interest payment right now, and we are increasing our debt, borrowing money to fund a $200,000,000.00 a day war, which means that our interest payments are going to keep getting higher and higher. Much higher and higher. We do not have the money for this war.
Last year every man, woman, and child who pays taxes in this country personally paid $2,400.00 in interest on our debt. Do you have that kind of money to spare? Don’t forget, paying interest doesn’t pay off any of the actual debt, like the $490,000,000,000.00 that we’re adding to the debt this year (see above) of the $200,000,000.00 we’re spending every day in Iraq.
If we don’t increase our debt any more at all, our national debt is already nearly $10 trillion. $10,000,000,000,000.00. That is $60,000.00 for every man, woman, and child that pays taxes in this country. That is how much you, as an American Taxpayer, owe to the rest of the world already. Can you afford to pay it? Don’t forget, you will also owe accumulating interest as you pay it off. It is another mortgage.
And that’s not all. Now, the demand curve for worldwide oil shows that oil prices will continue to remain high, even as our economy slips and our ability to bring money in becomes weaker. What if other countries stop investing in us? What’s to keep them lending? We don’t pay much interest in comparison to, say, Europe (we can’t afford to pay more interest!) so it makes investors more money to go with the Euro… Not to mention many of them may start to doubt that the U.S. will actually be able to pay them back if push comes to shove. But we can’t afford to lose our investors… because of course we’re $500 billion short every year in running our government. We need to borrow the money or our country will shut down.
Basically, anyone who actually “thinks” about whether we should be in Iraq or not as they go to vote this year is a damn fucking fool who is going to be shocked, shocked, shocked when we stumble into a second great depression next presidential cycle or when we slip into hyperinflation and they find themselves at the store with their $20,000 weekly paycheck faced with $80,000 loaves of bread and $240,000 gallons of milk.
Stupid, stupid Americans. And stupid, stupid candidates for even “having a debate” about whether we should be in Iraq. If you can’t afford something, you can’t afford it. Middle class Americans know better than to go out and take a $14 million personal loan to buy a mansion with their $40,000 plumber’s income. Why exactly do they not understand the same thing when it comes to running the country and the economy?