For the sake of simplicity, you owe $1000 this month but you only have $600. You will have to borrow $400 to make it through the month. Now imagine you have to do that every month for the next year. That’s $4800 you will need to borrow to pay your bills for the year. And you know that you’re going to have to borrow that same amount every month for the next year (and the foreseeable future.)
Now add the interest to that $400/month loan, that is if someone or some entity will loan you this money. Interest at 13% (that’s a really good rate on your Visa card) adds $624/year to the balance or $52/month. So now you will owe $5424 for the year.
You know that you can’t pay your bills with the income you have now. You know that you can’t pay your bills without borrowing $4 for every $10 that you spend, or $40 for every $100 or $400 for every $1000. Or as in the case of the United States of America – .40 for every $1.00 that it spends.
What would you do?
You could start by calling your banker or your credit card company and ask them to raise your borrowing limit. Chances are real good they will laugh at you, before telling you no. And anyone with a high school education knows that raising your DEBT LIMIT will only dig your hole deeper in the long run.
So, you sit down at the kitchen table and prioritize. If you’re an average American, you start cutting out all the things you can do without so you can pay for the things that matter, like your mortgage and medicine and your personal yacht.
Then you put a lid or a cap on all your future spending.
No more dinners on Broadway or flying your favorite pizza chef in from Chicago.
No more Spanish vacations in your private jet. What? You don’t have a jet?
No more entertainment like those private Paul McCartney or Stevie Wonder concerts.
Next, you start looking around your house at the things you can live without and sell off. But remember, that’s only going to get you through a month or 2. Eventually, you’ll run out of things you can sell, unless you live in the White House and then there’s an unlimited amount of things of value to sell.
Maybe your Wall Street friends will throw fund raising parties for you. Oh please. Don’t tell me you have no Wall Street buds.
Publish a book with a well known terrorist ghost writing it for you? You don’t know any terrorists? Sucks to be you, then.
You don’t have a $10 million winery in California that you can sell? Oh, sorry. I’d mistaken you for Nancy Pelosi.
This isn’t our life. But we are shouldering the burden for these expenses and all the expenses that benefit everyone else, including and most irritating – the political class.
Most of us would fore go our social security checks for a couple more years. Most of us would be willing to work a couple more years rather than dump these bills on our children and grandchildren. Most of us are willing to do with less or do without to balance our books and not leave unheard of debt for our kids.
And most of us would like to see the ruling class suffering just a little bit with us.
Call me heartless but you know, I can’t care too much that Qaddifi’s son and grandchildren might be dead following NATO air strikes. He puts his family in dangerous situations and in buildings that are targets and then denounces the allies for their deaths? Gimme a break.
I don’t know why we are in Libya, to begin with. No one has proven that their civil war has put us in immanent danger.
Has everyone forgotten the dancing in the streets in the Muslim world when innocent civilian Americans are killed? I haven’t forgotten it and I’m not celebrating their deaths (if it’s confirmed) but I’m sure not sorry about it.
Why do we have a responsibility to act in Libya and not in Syria? Why do we have a responsibility to act at all, in the Middle East (short of helping our only real ally, Israel)?
Oh, I remember now – we need the oil. Our allies need the oil. Where are all those anti-war protestors that screamed “no blood for oil” during the Bush years? What’s happened to the stupid Cindy Sheehan?
Okay, now this conservative is screaming it: No blood for oil! Bring our soldiers home!
I could NOT care less about muslims killing muslims. And I don’t want our soldiers sacrificed to protect them from each other. When they are done killing each other, they’ll be back to killing us.
This Libya thing is about civil war – a power struggle – and oil.
If we are arming ONE Al Qaeda member, that’s one too many. If we are aiding one, it’s one too many. None of us have forgotten who attacked us on 9/11. I’m sure there are a lot of liberals in this country who have, including it seems, TheOne, but the majority of us, regular Americans, have not forgotten.
The Libyans are tribes, who mostly still live in a stone age with cell phones and modern weapons. They don’t care about or understand western democracy. They aren’t fighting for “freedom.” Who’s kidding who? They are fighting for power and control. And the ones who win (most likely it will be Al Qaeda) won’t be our pals. They’ll be very rich – oil rich – enemies.
Wake up, America! they won’t like us any better than they did on 9/11 or 2 days ago. A no-fly zone and air cover is not going to change that and the president just can’t seem to “get it.” They may have the same color politics – Obama and the muslims – but that’s where it ends.
And while we’re on the subject of a “responsibility to act” – what about the Christians in Ethiopia who recently were terrorized, killed and had their churches burned down? What about the Christians in Afghanistan who are being terrorized and killed? What about the outrage for a family in Israel that was murdered in their sleep?
WHERE IS THAT DAMNED OUTRAGE, MISTER PRESIDENT? WHAT HAPPENED TO THAT ”RESPONSIBLITY TO ACT?”
I guess that means that they can’t carry out defensive activities either. This article also goes on to say that we are increasing our aid to Mexico to fight their – THEIR – drug cartels.You know, the ones that are responsible for murdering ICE agents, American tourists and border farmers and ranchers.
I work with Hispanics. We have many Hispanic-Americans – I hate using this hyphenation crap – who are great friends to my kids and to me. Our politics may be different but I do not view them as my enemy and I know they don’t see me as one either.
This is what David Limbaughs been talking about in his book. The real man keeps emerging through his words and he’s said some doozies this election season. I see political ads for his presidential opponents in ’12, already being written.
Obama and his 20% or less, are the only ones who see Americans as enemies and not as fellow Americans. He blew it, big time! Americans don’t want to be divided into groups and we resent being pigeon-holed this way.
It appears that George Soros has Murdick —oops, I mean Murdoch envy. As in Rupert Murdoch.
He’s donated over $1m to NPR to increase coverage of the legislature in “all 50 states.” Soon he’ll be a radio mogul on the level of Rush and has his sights on being another Murdoch when he takes over PBS. He runs, oh how many web blogs? A dozen or so? Which puts him above and beyond Breitbart. And then of course, if you watch Beck you already know that he funds (therefore owns) a dozen so-called community organizing groups from the Tides Foundation to Van Jones’ Color of Change. Many of these groups have members who wrote – WROTE – the recent legislations that have so infuriated the American people.
Our own legislators did not write the health care or stimulus bills. The same ones they never read.
Those bills, for all intents and purposes were written by George Soros through his surrogates.
I want my money out of NPR and PBS. Let Soros fund them.
Look at the take over this man has accomplished and he’s not done yet. He owns our medical care and has put each of us in debt to the tune of $43,000. He wants to bury Fox, Beck and Rush (and all those like Beck and Rush.) If you’ve been watching Beck you know that Soros is infiltrating our schools, as we speak and attempting to do so in our churches.
Can any evangelicals out there spell AntiChrist?
If I believed in an AntiChrist, I’d spell it: S-O-R-O-S
The reason it won’t work is because we aren’t Europe, as much as Obama would like to make us like that.
Europe has a history of serdom and aristocracy.
Americans threw that off with the Revolutionary War. We are a nation where hard work, ambition and determination can and does result in dreams being accomplished. An individual does not have to be born with a trust fund to secure a successful and happy life. In America, all opportunities are available to us, if we are prepared to expend the energy and the personal responsibility to see it through.
We have never been a nation that resents success or punishes those who attain it. Americans have always celebrated and honored those who followed their dreams and accomplished them.
Europeans have risen from farming a lords land, with no personal property and no personal freedoms. Americans have never been peasants or serfs to any man or government. And we aren’t about to start now.
Europeans have no contract with their governments, nothing that guarantees freedom. We do and it’s called the Constitution.
On this day celebrating the Constitution, let’s all remember we are and always have been a FREE people and we owe all those who came before us for that. It’s our charge today and every day, to make sure that freedom remains secure for our children and theirs.
If America is ignorant, as Newsweek is claiming, then maybe this is an indictment of the government run education system that we have had in this nation for too many decades. Instead of blaming stupidity on the American people, maybe they should be pointing their elitist fingers at the liberal teachers union and the massive amount of money that we have thrown their way – and thrown away – for over 50 years. What do we have to show for the outrageous amounts that we have given to the Department of Education? An astronomical drop out rate (about 1.2 million students fail to graduate from high school each year) and falling numbers in comparison to other nations (in math scores internationally, only 4 countries have scores lower than ours and 23 nations score better than we do.)
And you know, doesn’t it just seem a little ignorant to call your own readers ignorant? I guess that’s why Newsweek was just sold for $1.
So to return to the beginning, Bill explains his stupid American comments: