The world has a major debt problem. Is a reset coming? | CNN Business

The world is in a record amount of debt. Three hundred trillion dollars, to be exact.

           

https://www.facebook.com/cnn/posts/10163340734371509

Here is where your money goes. $192,592 was spent on Starbucks espresso machines at the Pentagon.
$3 million for a Mahatma Gandhi museum in Houston.
$2.5 million for Super Bowl commercials “telling you to fill out the Census.”
A $200,000 Department of Transportation radio campaign reminding drivers to stop at railroad crossings.
$9 million to construct a park in Austin, Texas, that is “used for yoga and concerts.”

$475 billion the Treasury Department spent on debt interest payments; $1.7 billion on “maintaining 77,000 empty federal buildings”; $17 million for “unused hotel rooms for illegal immigrants“; and $168 million spent “helping illegal immigrants avoid deportation.

Its not a taxing problem its a spending problem


Rick Sue Hudson Sandelli yeah cause I have zero dollars in credit card debit while you’re probably working on your 10th card (all maxed out) but by all means think you’re smarter than everyone else cause you like to use money you currently don’t have in hand. This only works for extremely wealthy people that have the means to pay for things just don’t want to, and a lot of people are fooled into credit for everything that they can’t afford to pay back and it financially cripples them. I guess tho nothing matters because you feel you’re doing well for yourself. I’m talking credit cards only I get why people need credit but most people don’t need credit cards and live off of credit cause they can’t afford things. I’m sorry I had to spell that out for you but apparently you don’t grasp what others are going through unless you’re affected by it. Maybe if people like you had some empathy for others we wouldn’t need to have credit cards and people living off of them


Rick Sue Hudson Sandelli thank you for proving my point, the fact that you think the top contribute as much as they do all while avoiding as much in taxes as possible shows how out of touch you are. As a middle class person myself I pay more in taxes (percentage wise cause I’m sure you’ll next argue that)than the top 1% do but yeah you all fund everything and I’m sure you came from nothing. Those that truly came from nothing have actual empathy and it’s not that they pay taxes, newsflash we all pay taxes well except for the extremely wealthy. You might wanna take the silver spoon out of your mouth and try actually seeing what others have gone through not you not having something you wanted, things like wondering where tf your next meal is coming from. Those things you’ve clearly never went through or seen because of you had you wouldn’t be as callous as you are towards the less fortunate




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