FTA: Congress raises debt ceiling to $12.4 trillion
All right... here's my idea:
Why not just raise the debt ceiling to $100 Quadrillion ?
That would allow everyone to quit working and get a government check (but no bonus, of course), free government healthcare, and government housing and food allowances. The US economy is about $14 Trillion per year. If no one had to work, we would save a lot of money, on transportation and commuting costs, on machinery that wears out, on energy to run the office buildings and factories ... So after realizing all of those savings, we could just pay people their salaries... and that should cost no more than half the $14 Trillion. (Since many of you know that I am all about Indvidual Freedom, I think that if some people choose to work, they should be allowed the option to do so... However, with the Democrats in control of Congress and the White House, I don't know if such a radical idea as the option to work is even feasible. )
So let's say we pay people $7 Trillion dollars and we use another $3 trillion to run the government. That's a total of $10 Trillion per year.
That means that $100 Quadrillion will let us live on that system for 10,000 years !!!
Ok, what about the interest on all that money ? No problem, instead of using all the $100 Quadrillion to pay people not to work and run the government for 10,000 years.... Let's use part of that borrowed $100 Quadrillion to pay for the interest on borrowing the $100 Quadrillion.... that might mean the money will only last us 2,000 or 3,000 years....
But so what ??? Who cares what happens 3,000 years from now ? (I certainly don't).
It's a BRILLIANT plan !
Isn't it ? What am I missing ?
All right... here's my idea:
Why not just raise the debt ceiling to $100 Quadrillion ?
That would allow everyone to quit working and get a government check (but no bonus, of course), free government healthcare, and government housing and food allowances. The US economy is about $14 Trillion per year. If no one had to work, we would save a lot of money, on transportation and commuting costs, on machinery that wears out, on energy to run the office buildings and factories ... So after realizing all of those savings, we could just pay people their salaries... and that should cost no more than half the $14 Trillion. (Since many of you know that I am all about Indvidual Freedom, I think that if some people choose to work, they should be allowed the option to do so... However, with the Democrats in control of Congress and the White House, I don't know if such a radical idea as the option to work is even feasible. )
So let's say we pay people $7 Trillion dollars and we use another $3 trillion to run the government. That's a total of $10 Trillion per year.
That means that $100 Quadrillion will let us live on that system for 10,000 years !!!
Ok, what about the interest on all that money ? No problem, instead of using all the $100 Quadrillion to pay people not to work and run the government for 10,000 years.... Let's use part of that borrowed $100 Quadrillion to pay for the interest on borrowing the $100 Quadrillion.... that might mean the money will only last us 2,000 or 3,000 years....
But so what ??? Who cares what happens 3,000 years from now ? (I certainly don't).
It's a BRILLIANT plan !
Isn't it ? What am I missing ?
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