Earlier today I received an email with the following video:
I like it, it is direct and it is true. To borrow less, you have to spend less.
As has been noted by Erick multiple times the last few weeks, D.C. has a spending addiction. So much so that even the cuts that they propose only cut the rate of spending rather than cutting what we are already spending.
Our “Dealers” have noticed that we are having a hard time paying for our addiction, already rating agencies in the U.S. and China have downgraded out credit. The supply is going to run dry soon enough.
Meanwhile our government is left circling a room trying to explain the Keynesian logic of government spending, just like the coke addict below.
Keep chasing those rainbows boys…
Aaron B. Gardner