"Let’s say you make $50,000 per year . . . and you owe $250,000 in credit card and consumer debt...
Then you receive a credit line in the mail for $250,000. Are you rich? Of course not. That new credit line or credit card is not 'income.' It’s more debt — a loan to be paid back at high interest rates. You didn’t just gain $250,000. You just added $250,000 to your debt. You still make $50,000, but instead of owing $250,000 in debt, you now owe $500,000. You think you're 'saved.' Actually you're twice as broke as before. Insanity. That’s exactly what Obama is doing to the U.S. economy. He added $6 trillion in debt in only four years to 'save' us from a terrible economy. Well he didn’t save anyone. He just put all of us into much deeper debt." - Explaining the Obama Economy to 6th Graders - newsmx.com
USdebtclock.org
