Politics and Debt

I rarely blog on political issues outside of the birth world. Unfortunately, politics do play a part in all of our lives and as much as I love living in Canada, the politics that play out in our southern neighbour very much effect us. I have been watching, with tense regard, the debit crisis the US has gotten itself into.

If the US government were a family, they would have had to face their debt crisis long before now and in doing so, forcing them to make smarter decisions. If the US government were a family, they would be making $58,000 a year, spend $75,000 a year, & have $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year.

What are they not doing? Increasing their income. What do rank and file humans do when we are in such a situation? We get a second job, we find a better job, we work on the side, we do what we have to. We don't ignore the fact that we have to increase our income because we don't want to alienate the fat wallets who could handle more taxes. The US is climbing out of a major recession, everyone needs to pull together to make this work.

Normal citizens also don't get a reprieve from our bank for an additional 15%, au contraire. Banks only think of themselves first, at least the banks who us mere mortals deal with. In the end, this does far more harm than good by allowing the government to avoid facing the truth. In short, they HAVE to do a lot to improve their situation.

What is the definition of insanity? Doing the same thing over and over while expecting different results. Four years from now, without Ralph Klein-like cuts and a true increase in income starting now, they will be so far up the river without a paddle their insane delusions will drown them. Who will they take with them? Canada and Mexico.