Ron2Win
12-20-2007, 01:03 AM
Ok, I don't know if the Numbers are 100% right on the debt, so please correct me if I am wrong.
_Start______________________________________
Young Americans each of you owe the Chinese U$26,000
While you have been happily blogging away, listening to your Ipods, and playing Video Games, your Federal Government has been spending YOUR MONEY into oblivion.
We are now 9 TRILLION Dollars (that’s right) in debt which equates to more or less to U$26,000 to each of us.
So how are YOU gonna pay for it?
Simple
You will pay interest rates out of the Wazzo.
Lets say 10 years from now you decide to buy a modest U$200,000.00 House
At ONLY 10% interest on a 30 Year Mortgage you will end up paying the small amount of U$430,920.00 (Not including ANY insurance and taxes)
That’s right boys and girls, more than half of your “modest” house has been sent to the Chinese, and guess who had to sweat to get the money?
And the most beautiful thing is that the people that created this mess for us will be long gone.
So, keep blogging away, spend hours in front of your TV, keep racking up your points, because that is what’s really important, isn’t it?
____End__________
_Start______________________________________
Young Americans each of you owe the Chinese U$26,000
While you have been happily blogging away, listening to your Ipods, and playing Video Games, your Federal Government has been spending YOUR MONEY into oblivion.
We are now 9 TRILLION Dollars (that’s right) in debt which equates to more or less to U$26,000 to each of us.
So how are YOU gonna pay for it?
Simple
You will pay interest rates out of the Wazzo.
Lets say 10 years from now you decide to buy a modest U$200,000.00 House
At ONLY 10% interest on a 30 Year Mortgage you will end up paying the small amount of U$430,920.00 (Not including ANY insurance and taxes)
That’s right boys and girls, more than half of your “modest” house has been sent to the Chinese, and guess who had to sweat to get the money?
And the most beautiful thing is that the people that created this mess for us will be long gone.
So, keep blogging away, spend hours in front of your TV, keep racking up your points, because that is what’s really important, isn’t it?
____End__________