You've probably guessed already that I'm not talking about personal debt, but about our portion of the National Debt. I think we've done a good job of showing our kids how to live within their means, how to be frugal and to look for deals, to save money for a rainy day and to put off purchases until you can truly afford them. If you know either of our 2 adult children, you've more than likely seen evidence of this. I'm proud that we did this, but we have also taught
US Debt Clock
my portion of our National Debt is $50,015. I say sobering thought because I must have been really drunk because I don't even remember borrowing that money, and yet I owe it. It actually gets about 3 times worse than that, if I consider that that figure is my debt as a citizen, but not my debt as a taxpayer in the U.S.
If I look at my debt as an income taxpayer, I owe $138, 187. What ? How in God's name did my debt go up almost three times in the space of one paragraph? Because the U.S. income taxpayer is a dying breed
You see they live in the US, but they also live in NY state and are subject to NY State tax laws too. If we look at the State debt, their portion adds another $15,000 a piece to their debt, and that is as a citizen, not as
This blog could go on all day talking about the money that my kids do get to keep and how much less it buys. Need a quick lesson? Go to a grocery store where some of the staples have doubled in price in the