Well, the way our politicians seem to view the national debt, they just think they can pull out a credit card from the 'Bank of China' and rack up more debt whenever the need arises.<br />
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A mortgage payment is something that creates some value when paid off. You have the real asset of the house or property as something tangible and worth something. What we have is Trillions of worthless $$$ on paper for intangible things that we can't see. It's just like throwing money down a bottomless pit and becoming too burdensome to ever be paid back.

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agriculture, TV and radio, airline industry, auto industry and now the banks would all not exist without public money. Nevermind the military which helps in our oil prices and never mind a work force that can at least read a street sign (which is there by public money) well enough to drive the road to get to work.
Return on investment? totally

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Many loan and mortgage applications were falsified by the loan representatives so it is not all entirely the consumers fault. People however should definitely not be spending more in a year than they make, that's just bad budgeting, but unfortunately in todays society you are only valued as a person by the number and quality of your assets.

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ah no i am not talking about that I am some in poltics are comparing the national debt to a credit card bill but when you look at the numbers as a house mortage it becomes more realistic

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I see, I misinterpreted your statement.

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