A hard worker has plenty of food,Proverbs chapter 28, verse 19; from the New Living Translation (NLT)
but a person who chases fantasies ends up in poverty.
Once again the issue of raising the national debt ceiling is making the news. This issue keeps coming up again and again and again. Makes me wonder: Why haven’t they figured out that fiscal irresponsibility ain’t working? Claims are made that if it isn’t raised, government will have to shut down. This sounds like a great upside and some really good news to me! I just looked at a website that does a second-by-second amount of our national debt. Currently it is 31.4 Trillion Dollars, and rising every nanosecond. In just 2 years it has gone up more than $3 Trillion dollars. In 2 years the government has spent more than $3 Trillion Dollars more than it has taken in revenue.
I cannot legally spend more money that what is in my accounts. If I do, I am charged a fee and expected to make good my overdrawn amount. The bank never says, “Tell you what, don’t worry about the overdrawn amount. We will even put a ceiling on how much you can be overdrawn! And when you reach that ceiling? Oh, we will just raise that ceiling! And what if the bank and every bank did that with every single account holder? The result would be The Great Depression on steroids and performance enhancing drugs. So why not take the overdrawn amount of the Federal Budget each time the government spends more than it has from the Representatives and Senators salaries, even the President’s salary?
OR. . .if I owned a business. Suppose one month I don’t have enough to cover my expenses. So I borrow money to pay my suppliers and employees. And suppose this keeps happening. What happens to my business? It’s not rocket surgery or brain science to know what happens. I close up. Or what if I buy a house with borrowed money–but then don’t make any payments on that mortgage? (This happens more than you may realize!) What will the mortgage company do? They are going to foreclose on that house and I have to get out! Hey! What if we kick to the curb all federally elected officials when they try to spend more than our government takes in? I kinda’ like this idea!
Point is, they can’t keep firing up the offset and Intaglio presses each time the government needs more money. Enough is enough is enough is enough! Raising the debt ceiling is a habit now–a habit that needs to be broken! Otherwise, this nation will go the way of the Dodo bird. These asinine decisions are nothing but fantasies–and unrestrained fantasies leads to disastrous consequences.