The Times Journal & Russell County News
Wednesday, Jul. 23, 2014 — RUSSELL SPRINGS & JAMESTOWN, KENTUCKY — russellcounty.net
Get online news updates FREE - Subscribe:  [?]
Google

Do you know how much you owe?
In Jan. 14 Issue

If the cold weather has not grabbed our attention, then after you read this, our federal tax situation certainly should.

When our government speaks of us having a twelve trillion dollar debt, that is about the same as a chemist telling us the chemicals, compounds, ratios and etc. to compose fuel to send a rocket to the moon.

We really have no concept.

But, when you break this debt down to how much of that we personally owe, then it gets into another perspective.

Every man, woman, boy, girl, newborn and elderly, would each have to pay $346,345 to retire that debt.

Take a look at your family, multiply $346,345 by the number of members and estimate how long it would take you to pay back your part.

Most economists say we can never pay it back, but we (our government) continue to increase the national debt.

The really frightening part of all of this, is that we are depending on China and other countries to finance our country’s debt. If, for whatever the reason, these countries decided to raise our interest rates, we could readily find ourselves in a situation of all our tax revenue going to interest only and our debt still rising.

Yet, our government insists on increasing this, increasing that, giving more and more to each and every out-stretched hand.

A real contributing factor is the simple fact we have become a consumption society. In other words, we are consuming more, wanting more, yet we are not able to produce these items as cost effective as other countries. And this is increasing each and every day as we continue to move our industries to other countries while increasing our imports.

We can’t compete with these countries that have no regulations, no unions, no EPA, yet we continue to support them by buying their products and using their cheap labor.

 As this increases, and it will as the world continues to get smaller and smaller, we will become a country that is consumption  oriented and with that comes fewer jobs here at home and with that comes less tax revenue to pay our debt.

What happens then?

We will probably start giving away the bricks in the White house.

Content Management Powered by CuteNews
SUBSCRIBE to The Times Journal: CLICK HERE

SPONSORED LINKS


Publish Yourself PUBLISH YOURSELF
You can publish news about your group or organization directly to our site, using your computer.
CLICK HERE
Laker Band LAKER BAND
Visit the award-winning official web site for the Russell County Marching Band.
CLICK HERE
Lake Cumberland Web Cams LIVE WEB CAMS
Views of Lake Cumberland as it is right now, from a number of web cams.
CLICK HERE
Lake Cumberland LAKE CUMBERLAND
lakecumberland.com
Official site for Lake Cumberland with everything for the lake visitor and fisherman.
CLICK HERE
The Times Journal is a weekly newspaper issued on Thursdays. It was first published on October 13, 1949, by Andrew J. and Terry Norfleet.
-
P.O. Box 190
120 Wilson St.
Russell Springs KY 42642
Phone: 270-866-3191
Fax: 270-866-3198
Russell County News is a weekly newspaper issued on Saturdays, and is mailed free to every address in Russell County, Ky. It was first published on February 1, 1913.
-
404 Monument Square
Jamestown KY 42629
Phone: 270-343-5700
Publisher:
David Davenport
(publisher@tjrcn.com)
Managing Editor:
Greg Wells
(editor@tjrcn.com)
News & Sports Editor:
Derek Aaron
(sports@tjrcn.com)
Advertising Manager:
Stephanie Smith
(ads@tjrcn.com)
Business Manager:
Kim Haydon
(business@tjrcn.com)
Production Manager:
Renee Daffron
(people@tjrcn.com)
Jamestown Office:
Kim Graham
(rcnoffice@tjrcn.com)
PUBLIC MEETINGS
Members of the public may attend meetings. Boards or agencies may schedule other meetings at special times, but are required to notify the public.
FISCAL COURT: 2nd Monday of month, 6 p.m. in the Courthouse
RUSSELL SPRINGS CITY: 2nd Thursday of month, 6 p.m. in the City Hall Municipal Room
JAMESTOWN CITY: 3rd Thursday of month, 6 p.m. in basement meeting room at City Hall
SCHOOL BOARD: 3rd Monday of month, 6:30 p.m., Board of Education office in Jamestown
LIBRARY BOARD: 2nd Tuesday of month, 5 p.m. at Jamestown Library
AIRPORT BOARD: 1st Tuesday of month, 5 p.m. at Airport
TOURISM COMMISSION: 2nd Wednesday of month, 12:30 p.m. at Tourism Office
CHAMBER OF COMMERCE: 3rd Tuesday of month, noon at The Cove restaurant
LOCAL & AREA
NEWS SITES
The links below open new windows. We are not responsible for the content of the sites.
Laker Country WJRS
(Russell Springs)
lakercountry.com/
WKYM-1017 (Monticello)
wkym.com/
Adair Progress (Columbia)
adairprogress.com/
Casey County News (Liberty)
caseynews.net/
Clinton County News (Albany)
clintonnews.net/
Cumberland County News (Burkesville)
burkesville.com/ccn/
Wayne County Outlook (Monticello)
wcoutlook.com/
Somerset
Commonwealth-Journal
somerset-kentucky.com/
Danville
Advocate-Messenger
amnews.com/
Lexington Herald-Leader
kentucky.com/
Louisville Courier-Journal
courier-journal.com/
WKYT-TV, Lexington
wkyt.com/
WBKO-TV, Bowling Green
wbko.com/
USEFUL SITES
The links below open new windows. We are not responsible for the content of the sites.

RUSSELL CO. OFFICIALS
RUSSELL COUNTY SCHOOLS
RUSSELL CO. LIBRARY

LAKE CUMBERLAND
STATE RESORT PARK
TV LISTINGS:
Choose your service and provider
SOMERSET MOVIE SHOWTIMES

.