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Time to Stop the Debt Charade

Dan 292 Wrote: Dec 10, 2012 11:09 AM

Many years ago I sold Life Insurance. Then someone (in the industry) told me, "We're just selling 10 cent Dollars!" It took me about a week to resign. Life insurance looks good and you (your beneficiary) wins, if you lose! But if you live, you get your 10 cent dollars that mean little in todays economy. That, essentially is what Benny Bernanke is doing to us, U.S.! He's selling us 10 cent (Or maybe .01 cent) dollars. Our lienholders are not totally stupid! They'll catch on, sooner or later and call the loan!

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Time to Stop the Debt Charade

The crisis du jour in Washington now dominating the news, the so-called “fiscal cliff”, is but the latest in seemingly endless political crises that we shouldn’t be having.

We get two different kinds of problems in life. The real ones – the struggle to work and improve the quality of our lives – and the ones we bring on ourselves through poor behavior.

The more time we must deal with the latter type, the less time and energy we have to deal with life’s real problems and challenges.

The political crises which emanate from Washington are invariably problems...

Related Tags: Debt Deficit Budget Republicans