samhill wrote:Its not their or our personal debts that we all end up paying, our fathers & ourselves have some control over that, its our Gov. debt that we all get stuck with. Heck with my kids I still end up helping them (my own choosing) I just hope I can leave them a little something when I pass, all I got from my dad was a bald head, & I already passed that on to my son, why should he have to wait until I`m gone.
samhill wrote:I can`t remember right now which morgage broker type it was but a big one in Calfornia actually admitted to fraud when being grilled by Congress. At least its a start, you can`t possibly correct a problem if you don`t admit there ever was one. And like I say when was the last American President elected that hadn`t promised to balance the budget & reduce the debt, and I`m talking either side. It all ends up in the hands of the house & senate. The Pres., when all is said & done only has a limited amout of power.
And no Jeff I don`t think its right to leave our children, grandchildern & even great grandchildren with our debt, I thought I had said that but depending on your age we have been given our fathers & grandfathers debt. Again just kidding about that last part, you can`t right a wrong by pointing out a past wrong.
samhill wrote: I can distinctly remember a previous admin. that would always say that the economy was fundamentally strong, they would not admit that there was a problem.