Debt clock
Obama’s election slogan “Yes we can!” seems like a big joke these days. Not much has changed since he took power and dashed the hopes of everyone who at this point was still naive enough to believe that we live in a democracy and that that entitles you to influence the direction the country is taking. If anything, it finally proved that no matter who you vote for, its going to be a shit-head at the helm.
“Yes we can” sounds like a bad joke at a time when the government is gridlocked on an issue that could cripple the financial markets and plunge the economy back into recession. It is however an excellent way to dismiss the somewhat simplistic Tea Party movement. In all their shortcomings, they do have a point though. Blindly increasing the debt limit is just as bad as doing nothing. Borrowing from our children’s future so that we can keep a bloated government apparatus that becomes more inefficient every year is wrong too. Private companies are forced to stay competitive and trim fat. They have to run fast or die. Governments raise taxes and cut benefits in order to keep their overhead.
I wouldn’t expect the hydra to cut off some of its own heads, but it also is obvious that there is no powerful hero who can do so, despite all the promises. In the end the hydra will absorb the hero and continue to eat the poor villagers, who put all their hopes and dreams into their hero.
Putting off the inevitable will only lead to a harder crash. Nobody wants to cut spending. After all, the money comes from somewhere and doesn’t come from you right?
Wrong! You will pay for this. Paying one credit card with another will temporarily relieve some stress, but in the end you will end up with more debt that is even harder to pay off. Take action quickly and try to show responsible action and maybe your debtor will see give you a good rate.
Instead this country pisses away its AAA rating that it held for nearly a century, just so some morons can make a point.
I saw this coming and moved my assets. I hope you did the same a long time ago.
not support the views on the future of America so that propagators Obama