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Tractor Talk Discussion Board

Re: US tax cuts confuse me .....


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Posted by jimg.allentown on December 21, 2017 at 19:31:02 from (173.49.133.204):

In Reply to: Re: US tax cuts confuse me ..... posted by MarkB_MI on December 21, 2017 at 16:36:02:

Our kids and grand kids will not be paying anything back. Did you ever get a bill for your "share" of the national debt? I think not. Neither will our descendants. To me, it is all just more smoke and mirrors. If I applied my entire net worth to the national debt, I would not even come near to what my "share" would be. Not too many on this forum would be much different.
As far as I can see, the national debt is just some numbers on a piece of paper. Big numbers on a big piece of paper. We owe a lot to China. And, if we do not pay them what happens? Basically nothing. Are they going to foreclose on Alaska? Florida? California? None of the above!.
This will not affect my daily life one bit. I will still get up at about the same time, eat about the same meals, and go to bed about the same time. I may watch a bit of TV or sit on the computer a while. I might even work on one of my waiting projects. Overall, debt or not, my life will be about the same. So will my kids' lives and their kids' lives.
Time to worry about something I have some control over. {{yawn}}


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