I worked by a business owned by four brothers once, the company was doing okay, had a couple hundred thousand on hand. One day one of the brothers decided to take a $100,000 dollars and buy some stock in a start up company that wouldn’t give any returns for at least 20 years, he figured in 20 years this would help the long term benefit to the company.
The others saw this and thought that is not fair, so one of them took a $100,000 and bought a bunch of company equipment, trackors and such thinking he was helping the company to grow, the last two saw this and thought that is not fair.
By this point the company was hurting because that cash on hand was meant to operate the company, buy parts, supplies so they could keep making money.
Well the next two took out loans putting the company a few hundred thousand in debt, each had their own plans on how to help the company but in the end they caused it to go bankrupt.
While everyone had good intentions the fact is the 1st one NEVER should have spent that money to begin with, nor should each of the later ones.
I left when paychecks started bouncing, it really reminds me of the feds. One Administrator racks up a bunch of debt, then the next adds on to it claiming the previous one did so they are entitled to as much debt if not more. Problem is the first one NEVER should have racked up that much debt in the first place, the next administration should have been more responsible and lowered the previous ones mistakes, not made things worse.
Now, let me get this straight. Congress, which IS made up of persons, some of which ARE Republicans, make all these rules, stipulating that XXX dollars be spent on this, that and other stuff…Then, to pay for it all, they refuse to raise the debt limit? Wouldn’t that would be like me going out, spending $250,000, then refusing to pay my bills. I would eventually be tossed in jail. Oh…but I am just a person, not Congress! The laws don’t apply to them, do they??
If you want to impress me then do it by balancing the budget. If you want to become a great president start reducing or eliminate the national debt. If some president comes along and does that then I don’t care what side of the political fence you come from, in my book you will be one of the greatest presidents this country has ever seen. Just one last thing to help put things in perspective:
We must stop the automatic increases of the “baseline”…Instead of raising it, we should cut by 10 . Each year -10 until we can live within our means. Pay down on ALL our debts. Cut the waste. The projects/studies that the govt pays for should be stopped. Most of them are unnecessary wastes of time, space, & money.In short, just like a “real world” family…the govt has to learn to live within its means. It must, or we will become a third world country.
Pharmakeus Ubik over 10 years ago
If only we were funding the space program that robustly.
geopardy over 10 years ago
Pfft, that’s not the debt ceiling, it’s MUCH to low to be that.
ncalifgirl58 over 10 years ago
Oh man. This one almost belongs in the Editorial Section.
angelfiredragon over 10 years ago
I worked by a business owned by four brothers once, the company was doing okay, had a couple hundred thousand on hand. One day one of the brothers decided to take a $100,000 dollars and buy some stock in a start up company that wouldn’t give any returns for at least 20 years, he figured in 20 years this would help the long term benefit to the company.
The others saw this and thought that is not fair, so one of them took a $100,000 and bought a bunch of company equipment, trackors and such thinking he was helping the company to grow, the last two saw this and thought that is not fair.
By this point the company was hurting because that cash on hand was meant to operate the company, buy parts, supplies so they could keep making money.
Well the next two took out loans putting the company a few hundred thousand in debt, each had their own plans on how to help the company but in the end they caused it to go bankrupt.
While everyone had good intentions the fact is the 1st one NEVER should have spent that money to begin with, nor should each of the later ones.
I left when paychecks started bouncing, it really reminds me of the feds. One Administrator racks up a bunch of debt, then the next adds on to it claiming the previous one did so they are entitled to as much debt if not more. Problem is the first one NEVER should have racked up that much debt in the first place, the next administration should have been more responsible and lowered the previous ones mistakes, not made things worse.
Anyhow, good day to you all!
Skylark over 10 years ago
Now, let me get this straight. Congress, which IS made up of persons, some of which ARE Republicans, make all these rules, stipulating that XXX dollars be spent on this, that and other stuff…Then, to pay for it all, they refuse to raise the debt limit? Wouldn’t that would be like me going out, spending $250,000, then refusing to pay my bills. I would eventually be tossed in jail. Oh…but I am just a person, not Congress! The laws don’t apply to them, do they??
RetFor over 10 years ago
that shouldve been a space shuttle…
mwbhome over 10 years ago
If you want to impress me then do it by balancing the budget. If you want to become a great president start reducing or eliminate the national debt. If some president comes along and does that then I don’t care what side of the political fence you come from, in my book you will be one of the greatest presidents this country has ever seen. Just one last thing to help put things in perspective:
http://weknowmemes.com/2013/10/fiscal-cliff-put-in-a-much-better-perspective/
noreenklose over 10 years ago
We must stop the automatic increases of the “baseline”…Instead of raising it, we should cut by 10 . Each year -10 until we can live within our means. Pay down on ALL our debts. Cut the waste. The projects/studies that the govt pays for should be stopped. Most of them are unnecessary wastes of time, space, & money.In short, just like a “real world” family…the govt has to learn to live within its means. It must, or we will become a third world country.
noreenklose over 10 years ago
I wrote in the percent sign above.It didn’t show up.It was meant to say “10 percent”