Bob Gorrell by Bob Gorrell

Bob Gorrell

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  1. Chillbilly

    Chillbilly said, almost 2 years ago

    It’s disingenuous to compare household finance with government finance. One is not simply a larger scale version of the other—they are supposed to complement one another to allow for the healthiest possible economy.

  2. jimhargrave

    jimhargrave said, almost 2 years ago

    The US govt. attempts to control the economy have failed miserably many times. They need to just protect our rights and butt out. Nevermind, it’s too late, we’re so screwed…

  3. Bruce4671

    Bruce4671 said, almost 2 years ago

    @Chillbilly

    On a basic level, economics is all the same. If you spend more than you make you accumulate debt. Accumulated debt gives someone else power over your actions. On the household level, it means loss of a home or reduced levels of goods. On a national level it IS different?

    Who is it that we owe? What demands are they making? What effect do those demands have on our future security or prosperity?

    Those are true concerns and not ones that have just come to light.

    But, ah, think what you do when you run in debt: you give another power over your liberty. – Benjamin Franklin

    So if we continue to add debt, what happens when the creditor decides enough and calls it due?

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