The reported deal (subject to change) is about $2,500,000,000,000 ($2.5 Trillion) in more debt, over two years. That’s about $8,000 for each man, woman, and child in the country. For a family of 4, that means Obama and Congress just charged $300 PER WEEK over the next two years on your credit card.
Be prepared — at some point your family will have to pay that $32,000 they charged on your account. What will you have to do in order to pay $1,300 per month in increased Federal debt? How will that impact your family budget? Can you afford to have over $30,000 charged to your credit card every two years?
And the scary part is when those Trillions disappear (POOF! Faster than you can say why did we spend $3.4 Million to help turtles cross the road), they’ll be back and spend even more on your credit card (like $2.6 Million to study alcohol use by Chinese prostitutes), as Congress and Obama have no plan to ever balance the Federal budget (except the cut-cap-balance plan, but the Senate and Obama rejected it) — deficits exist as far as the projections go out.
A Note on Cuts - Washington Style
The alleged “cuts” really aren’t cuts — you’ve got to understand how Washington labels “cuts”.
Suppose you spent $1,000 this month on your credit line. Next month, you plan to splurge and spend $1,500.
The bank screams at your announced fiscal irresponsibility, so you boldly proclaim you’ll cut spending … and only spend $1,400. Sane people call this a spending increase of $400, while in Washington’s alternate reality it’s a $100 “cut” (and they’ll squeal like stuck pigs about “draconian budget cuts”).
Add the word “Trillion” to the above situation and that’s how Washington continues to pile up debt, while lying and claiming “cuts”.
… the borrower is servant to the lender. (Proverbs 22:7)
Further Reading
Like this article? Stay up to date with new articles and content. It’s free, and we won’t sell your information.
SIGN UP TODAY by entering your primary email address below to guarantee you won’t miss anything.
