The U.S. has a debt limit. It’s just above $14 trillion dollars.

With the latest agreement in Congress on “cutting” the budget, they need to raise the debt limit in order to be able to pay that.

And, apparently, House Republicans that once opposed raising the debt limit, may go along with raising it.

So, let’s see…

We haven’t lowered the debt.

The current “cuts” will, instead of lowering debt, actually raise it.

So, they want to raise the debt limit.

Makes sense, right? We’ve spent all this money to save the economy, which still hasn’t saved the economy, and now they want to dig us further into debt to… get… us… out… of… debt?

Um, okay.

So, if you have a credit card you cannot afford to pay off, call up your credit card company and ask them to raise your limit.

So you can spend more money.

Try to convince them that, somehow, that’s going to help you pay off your credit card debt.

See if they go along with that.

Try that on your mortgage too.

Maybe you have a car loan you haven’t been able to pay off. See if you can trade in your car for a more expensive one, and get a bigger car loan, so that, you know, you’ll be able to pay off your car loan faster.

You’ll stop spending money… someday.

Don’t know when. But, at some point in the future, yes, you’ll make some tough decisions and cut some spending.

Just not today. Or anytime soon, probably.

But, someday.

You just need more money today.

Leave the tough decisions to your future self.

Or your replacement.

Either way, today it’s time to party!

This entry was posted on Wednesday, April 13th, 2011 at 11:47 am and is filed under Thoughts. You can follow any responses to this entry through the RSS 2.0 feed.
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