A Comment About

How Bad Is the National Debt, Really?

February 21, 2008 - 12:00 am - by Charlie Martin
Moonage
2008-02-21 13:25:47

“Lets ask a real world question. Do you posters feel that Americans on the whole are getting richer?”

Yes, they are. Every single economic indicator you can find will tell you things are MUCH better than they were ten years ago, twenty years ago, or any point in time you want. People complain about the cost of health care these days, 20 years ago most people didn’t even have it. People complain about the cost of gas because there are now more cars in the US than there are people. Twenty years ago the average tv was lucky to get ten channels, some even had color. Now we have HDTV with 150 channels on a five foot screens. Where do you think all that comes from? Just because people are spending themselves into bankruptcy doesn’t prove we’re worse off than any other point in time. It just means credit is way too easy to get these days. The only thing that has stayed static in the last thirty years is media telling us how awful things are and citing one-sided and completely incomplete “statistics” like the National Debt is killing the US.

Excellent Post. I have made the same argument for a while. A few people want to know all the facts, most apparently don’t and would rather get their economic education from Keith Olbermann.