hence we need to ship the communist down to Venezuela
It's not out of reach, just that these people are too lazy to try. they are quitters
We live in a global world, so kids need to learn the same things.
Some people have nothing left to save after paying rent, utilities, groceries, car payment, insurance, etc.
And not just saving but having the money invested in something with a rate of return, depending on your risk preference. The ability to invest in compound interest vehicles will exponentially increase the gulf in wealth as time goes on.
People have life backwards, where the leased BMW is worth more than their house.
This goes back to people making bad decisions, like a new car (or lease) every 3.5 years. rent vs purchase. wasting 10 hours a day smoking and playing the xbox ...
we need to teach kids to invest in themselves. IE I spent thousands of dollars on computer books when I was in grade school through college. started up my first company at a very young age. The people that my friends hire are like baby birds where they expect you to place the answer in their mouth, as they lack the skills to figure shit out
In percentage-of-GDP terms, the debt didn’t triple; it went from about 31% of GDP in 1981 to around 50% in 1989. So while the raw dollar amount tripled, the economy was also growing. So yes, saying “Reagan tripled the national debt” is technically true in nominal dollars, but it’s a bit misleading without the GDP context.
In his debate with Jimmy Carter Reagan promised to balance the budget by 1983, "if not sooner." he did not do it. Most of the economic growth of the Reagan administation went to the rich.
Good question, back when I was a kid, money was tight (for almost everybody), but not as bad when banks would give you a free blender for opening up a savings account.
