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Private debt is a MUCH larger problem than govt debt (America)


Date: 2009-11-06, 12:55PM CST
Reply to: comm-rduzc-1454325975@craigslist.org [Errors when replying to ads?]


Please keep in mind that private debt is what caused this financial disaster.

We have currently nearly 12 trillion of govt debt. 8.5 trillion of which was spent by GOP presidents.

Nationally, when you combine private and public debt, we're looking at nearly 60 trillion.
So roughly privately Americans owe 48 trillion. That includes business and individual debt.

Yes, that is correct. Currently America owes more in debt than the value of all property within it's borders.

Certain people keep jumping up and down and screaming about public debt, but it's such a small portion compared to what the public sector owes and the ramifications of the 48 trillion business and individuals own and irreversibly bring this country down.

But people are happy with private debt and they call it "free market capitalism". But somehow only government debt is evil and destructive? Silly!


You can scream at the top of your lungs that your opposing party is destroying America. But the reality is that Americans are destroying America. Greed, self centeredness, ignorance and stupidity.

Want to know who created this financial disaster? YOU DID!
Who will cause the next one? YOU WILL!

Turns out that Christ was 100% correct about resisting material possessions. He saw what it would lead to. Wallow in your own filth people, you deserve it!

Wake up!

PostingID: 1454325975