[quote=afx114]Yep, the question becomes: Who was doing all the eating these past 8 years? I’ll also add that if the balance is not paid off in a timely manner, your interest rate (tax rate in this example) should and will go up. [/quote]
I say the majority of American have been eating at restaurants they shouldn’t have. From the guy making minimum wage buying a 1/2 million $ house to the government increasing spending by 40% to the fat cats making millions. Majority of the people have been living well beyond their means. That’s why we didn’t experience as bad of a recession as we should have in 2001. Consumer spending fill in where corporate spending left off. Majority love to point finger at the other guy, but if everyone just look in the mirror, that’s the person they all should blame. So, everyone have to do their share to pay down this debt.
