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Another great featured video from the Cato Institute. Dan Mitchell uses an analogy I’ve used myself when discussing the United States deficit and debt, comparing it to a family getting a mortgage for a home. Mitchell is even using my “symptom of the disease” theme. I’m honored Dan … 😉
Tomorrow is election day. Are you ready? Are you still undecided? Well perhaps this may just put some things into perspective for you.
We all know that the federal government has “hit” the debt ceiling of $14.294 trillion that Congress has authorized. So, Congress is now looking at “where we go” from here. But, here is what you may not know.
That’s right, it’s a complete dog and pony show, and the admission price may well destroy the American economy.
Meet the Debt Generation … Generational theft 101.
Recently, all we hear are complaints from elected politicians about how hard it is to “find” money to fund their spending. Isn’t it time that politicians thought more about the country than getting their privileged, lard-laden hindquarters reelected, particularly this early in the election cycle?
Democrats have laughingly suggested we will lower costs, increase services and ensure everyone is covered all while spending less and not increasing adding to yearly deficits or the debt. Pipe dreams may come true, but the New York Times tells us about the real math in an Op Ed piece … and conveniently buries it.
Looking for a loan? Mortgage lenders take a look at your debt to income ratio. In general, the more you earn the more you can borrow. How does the debt to income ratio look for the United States?
While presidents bear some responsibility for the debt and deficit spending, the major responsibility lies with Congress.