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I wrote to my local paper to ask them to stop printing every day how much each citizen owes the government to pay our national debt. They haven't done anything about it. It just gets very discouraging to see that number every day, especially at breakfast time when you should be perking up for the day. I tell my wife, "Oh no, it's up to $53,319 today. Just yesterday it was only at $53,312. That's another $7 we each owe!" Every day, every day – what a way to start the day! I try to put a little aside each month to save up and pay my share, but it is hard.

Perhaps one of your readers may be able to answer these questions: should we save up and send in our share as a lump sum, or send it in month by month? I think paying in a lump sum would be even more discouraging. Imagine if I sent in my whole share, and I look at the paper the next day and the debt still hasn't gone down! In fact, the number went up again! Then I would start to wonder, did I do enough? Does my share start at zero and keep mounting up all over again - $7 for day 1, $14 for day 2, and so on? Who keeps the records so that they won't forget I paid my fair share at one point in time? Further, am I responsible for paying in more than my share to help people too poor pay down their share?

Maybe if everyone sent in a little bit each month, it would be better. What would be a reasonable amortization period to pay it down – 30 years? If everyone did this, the benefit would be that my newspaper could print a sort of reverse McDonald's table every day. Instead of seeing the number of billions and billions going up, we could see the national debt numbers going down! This is a more positive approach. Everyone would feel better.

I am also wondering about a guideline as to when someone can stop putting money away to pay their children's share? When they are 18 or 21 or when? And should I send it all in at that point, or little by little as well? But to whom? Could I get a receipt?

Another idea I had was this. When I was little, someone might give you a "US Government Savings Bond" as a birthday or graduation gift (not just anyone would give it to you, of course; usually a family member). Then, when it matured, you could cash it in for the money. Well, what if for special occasions we gave someone a "Saving the US Government Bond"? We could take the amount of money we were going to give that person and send it to the government instead. Then we could give that person a thank you note instead of a bond saying: "Thanks for helping to save our country by helping to pay down the government debt. In 10 years, your debt will not be $82,531, but only $82,506! Happy birthday!"

Another question I have: If you send in your share of the debt either periodically or in a lump sum, would that be tax deductible? Could I at least deduct the interest part of the debt? Who has the principle and interest tables?

Thank you for your  interest in trying to help save our country and its citizens!

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Comment Preferences

  •  I love satire (3+ / 0-)
    Recommended by:
    Gooserock, katiec, tegrat

    The funniest thing about that national "debt" clock is that it could equally be called our national asset clock since Govt bonds are financial assets to anyone who owns one.....of course, if stupid politicians ran around saying things like: "our national financial assets are getting to high, its out of control how many assets we have, we must stop this madness more assets!".....than people would think its ridiculous to allow 10's of millions of people to be unemployed or underemployed because "we're running out of money', as if the Govt could ever run out of its own invention that only it can legally create per Article 1 section 8 of the Constitution.....

    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

    To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

    "The Earth is my country and Science my religion" Christiaan Huygens.................... Please join our Kos group "Money and Public Purpose". The gold standard ended on August 15, 1971, its time we start acting like it.

    by Auburn Parks on Thu Jun 13, 2013 at 05:37:17 PM PDT

  •  Finally (2+ / 0-)
    Recommended by:
    Gooserock, tegrat

    Real honest-to-goodness funny satire.


    50 states, 210 media market, 435 Congressional Districts, 3080 counties, 192,480 precincts

    by TarheelDem on Thu Jun 13, 2013 at 05:41:34 PM PDT

  •  It's a lie, too. (1+ / 0-)
    Recommended by:

    When something like 15% of the country owns 80% of everything, they also own 80% of the debt.

    You could erase the national debt entirely by taking about 1/3 of the wealth back from the top few % of people that money has been funneled to by Republicans over the last few decades.  They'd all still be incredibly rich, and the country would have no 'national debt'.

  •  ok but we need the buddy system (0+ / 0-)

    I pay a dollar, a right wing nutcase pays a dollar. Otherwise GTFO!

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