"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27, 2010


Wednesday, May 21, 2014

An Exercise for Grandma and Grandpa

How can one even contemplate repaying a debt of this magnitude....

$17,500,000,000,000.00  ?

If you owe this kind of money why not just add a few hundred billion more?  Or a couple of trillion?  No one can even fathom much less wish to think about repaying that much money.  It is an impossibility.  So we don’t think about it – don’t talk about it – and we sure don’t wish to remind our children what we have done to them.  After all some of them may still think we are disciplined adults.
So, let’s just skip the exercise of a parent explaining this financial situation to their children.  Instead let’s move to our grandparents.  Grandparents have the time, experience and wisdom to offer guidance and morality lessons to their grandchildren.  So, all you grandpas and grandmas out there please try this exercise on for size – practice explaining to your grandchildren the merits of leaving them a seventeen and one half trillion dollar debt to repay.  Be specific – no generalities – explain why you are proud of what you have done; what you have to show for it and why these young people should look up to you for this momentous legacy.
Also, prospective grandparents (we are thinking of one specific twosome who loves preaching to us from their overflowing font of experience and wisdom) try this exercise out – who knows, you may even be able to share it with us on the campaign trail in 2016.

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