Letter to the editor: Get your own house in order first

Published 10:42 am Tuesday, July 29, 2025

To the editor:
As I read your guest editorial recently about our government debt, it chilled my hope for our country. All because we cannot manage our money.
You see, if our country was the average US household …
We’d be earning $80,610 per year. Our current debt would be $600,000. And this doesn’t even include the average household personal debt of $80,220. Almost seven and 1/2 times our yearly income.Who can afford that? Would any lender make that loan?
But the problem goes much deeper. We continue to add to our debt five times faster than our income grows. Does that sound sustainable to anyone? Anyone? Now tell me. Who would continue to loan us money?
You think anyone is going to refinance our loans? Doubtful. They’d probably just foreclose.
And who is responsible for this mess? The household earners. The owners. You. Me. Our decedents.
We The People.
You think it’s the Democrats? Or maybe you think it’s the evil Republicans? While our wiley politicians have been pitting us one against the other, they’ve spent us, our children, grandchildren and great grandchildren into financial slavery.
Yea, the richest country on earth. Right? Shame on us.
Now look at those above numbers again people. If that was your household, would it be possible to pay for other households? Not at all!
According to US government websites. The US taxpayer – each and everyone of us – owes $10,648. So for the average household size in the United States of Debt, that is $26,620 out of your average household income of $80,610.00. Go ahead and put that on your maxed out credit card.
We are drowning in debt people. When you’re drowning, how can you even begin to help anyone else?
If you want to help your neighbor, get your own house in order first.
Michael Beaty
Mocksville