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for Nanepashemet Peeps of all Persuasions.

Tuesday, July 26, 2011

Bitter Medicine.

There is another financial crisis looming is Washington.  This one involves legalizing a higher debt limit in order for the federal government to borrow and pay its bills.
Imagine if everytime you had to pay the bills, you just got a new loan to do so.   And that your expenses vastly outweighed your income, and you had no plan in place to reverse the situation and balance your finances.
Peeps.... that is our  situation in a nutshell.   And the people who vote to increase the debt have no real personal consequences.... no motivation to make the tough descisions about the expenses that have to be cut back to bring this situation under control.
We are into financial pain... which will get worse every year if we don't take some bitter medicine now.

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