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Posted by Pogonip on May 8, 2008, 7:31 pm
Juno wrote:
> Pogonip wrote:
>> Phaedrine Stonebridge wrote:
>>>
>>>> Stand by, then, because inflation is coming. It has to. We owe an
>>>> extraordinary amount of money, and the only way to pay it back is to
>>>> devalue the dollar even more. According to a House committee report
>>>> dated September 2007:
>>>
>>>>> The U.S. government has a total debt of over $5 trillion owed to
>>>>> outside parties. Nearly half of that is owed to foreign
>>>>> governments, primarily to Japan, China, and the United Kingdom.
>>>
>>>> At that time, the total national debt was $8.9 trillion. As of May
>>>> 8, 2008, it's $9,361,092,875,743.26.
>>>
>>> I fear our grandchildren will still be paying down this debt. Under
>>> the current administration, the national debt increased 6.9% (1st
>>> term) and is projected to increase another 3.9% at the end of this
>>> term. In contrast, the debt was decreased under the previous
>>> administration by 0.6% first term and 8.2% second term.
>>>
>>> Phae
>>
>> Our grandchildren and their children will be too busy hitching their
>> horses to the wagon to go to the market. I see an ad campaign that
>> says if we allow drilling in the Alaskan wilderness, we'll have enough
>> oil for 60 years. Well, 60 years ago, I was riding in my parents'
>> car. That's not such a long time. I see the handwriting on the wall.
>> Why can't our "fearless" leaders see it?
>>
>> There's an old Chinese curse, "May you live in interesting times." I
>> guess we're cursed. ;-)
>
> Have you gotten your summer oil fill up yet. We did. $3.849 a gallon.
> You figure that out for 212 gallons. We did. over $800.00. Wonder what
> it will be this winter.
> Juno
Our tank is topped off monthly, and I'm on the "budget plan" where I pay
the same thing every month and if I'm short, I pay up in July, I think
it is. I do the same with the power company. Makes it a little easier
to plan, but you end up paying anyway. They leave a slip on the
doorknob showing the meter reading from the truck, and the price and a
total. Then I get a glass of wine. Not from them, though. They do
have a "customer appreciation" barbecue every year. They service my
furnace and even sold me a new one a few years ago. I yam a bery good
customer. Now that I'm on Social Security, this is gonna be interesting....
--
Joanne
stitches @ singerlady.reno.nv.us.earth.milky-way.com
http://members.tripod.com/~bernardschopen/
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