You have a Visa or Master card, right?
And if you got in trouble with it and owed more than you could pay...would you think running it up farther would solve your debt? How about floating a bank loan to pay interest ONLY...would that be helpful?
What if Visa says you've reached your credit limit. Would you say "we're blowing through that number, Jack. And you're a cold-hearted one to try and limit me. And insensitive, too, since my card supports my family."
Here's Realville. If the country continues to spend and drown in debt, we all go down. Then where will the poor be?
For the last four years, our spending has begged for a twelve-step program. Ignoring the Constitutional REQUIREMENT to provide a budget, and ignoring their own Debt Commission recommendations...this administration made no effort to be responsible, while they SAID "we must reduce the deficit". At any time they could have done that.
From one George to another (Washington to Bush) the Federal Public Debt accumulated $10.6 TRILLION; now four years later it is $16.4 TRILLION. These numbers are exponential. Can we agree this cannot continue?
Our government drives a dollar wagon through the country, throwing billions off the back. Besides checking off the Democratic wish list (electric cars, high speed train, wind farms, etc.) has it worked? My dollars are buying less and less.
Of course without any budget numbers on a page, there was no accountability. And when anyone suggested we spend less, the administration repeated "we don't have a spending problem" and "we should tax the rich".
And the people cheered as though the problem was solved.
Still, the thought leadership continues to "put all chips on the billion dollar dumps". At what point does our willingness to cut slack for "the worst economy since the Depression" expire?
In 2013, we've ALL ponyied up more taxes (and the new Obamacare taxes haven't even kicked in yet) so NOW can we cut spending?
Sorry, no. Although they SAID "tax now and we'll cut later"...they switched the bait and declared "we can't possibly cut spending on the backs of the poor". You could drive a truck through that cotton candy righteousness.
Please let us know. Are we all chronic teenagers with our money management...or just low-information citizens who haven't connected dots? The state is putting us in a vulnerable/slavish debt position. And debt management seems like such a no-brainer!
Fiscal good health is the only way we go into the future with the ability to bless others.
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