Debt ceiling
Look, people: You need credit to do business. Nearly every business has a line of credit with someone, and that line of credit allows you to do business day to day. The point of that line of credit is to be a float; the money that tides you over when the bills come due before payday does.
Our betters in DC have thought of that LC as a way to tax people they haven’t met, yet. they have already taxed the people who are alive as much as they dare, the line of credit allows them to tax people yet unborn.
When the economy grows, the debt limit has to grow with it, under normal circumstances. The debt ceiling has already grown far beyond the what it would need to be if the economy were many times it’s current size,because of the way it has been misused.
Sorry to be the bringer of bad tidings on a Monday AM. By this time next Tuesday, we will be royally fucked, no matter whose pet plan we use to get there.
Is anyone out there still ignorant enough to think this can be remedied by voting?
13 comments Og | Uncategorized
Fry: “So, what’s the plan now?”
Leela: “Sit here and wait for death?”
Bender (enthusiastically): “Can do!”
Here’s another relevant contribution: http://www.asofterworld.com/index.php?id=689
Yes, but to continue your analogy, I used to work for a very small company where the boss used 0% interest rate offers on credit cards instead of a line of credit to run the company. Eventually the owner ran out of 0% credit offers and well, need I say more?
President Obama is doing the same damn thing.
Joanna: Tha is the comment of the day. Possibly week.
I think one of Bender’s lines from the Futurama pilot is most appropriate:
That’s it. We’re boned.
We’re either boned or boned.
BTW, you never need a special invitation, Ed, just so you know. You might call or email first, but even drive by visits are usually ok.
When you run out of credit and the money-stuff, the usual response is often… WAR!!
…you never need a special invitation, Ed, just so you know….
That’s it! YOU’RE boned! :P
I am only kidding. Thanks.
Yes, at this point I think the boning will continue good and hard even if we were able to vote every last elected federal offal (not a mis-typing)out of office and get a new set, which isn’t really possible in the supposedly more circumspect Senate. Our unelected masters in the civil service will continue unchecked as a new set of political hacks are sent to Washington to be handled by the civil servants.
They both seemed appropriate, so I figured, what the hey. Might as well contribute something. :-)
If I have said it once, I have said it a thousand times. Never re-elect ANYONE.
Call me crazy, but I say we burn it all down, then start over.
Good to see you around again, Dick.