Debt Ceiling BS

I haven’t even been able to watch the “talking heads” the last few days because they are all trying to tell us how great it is that congress finally came to some “compromise” to keep our government from shutting down. What they are failing to mention is the fact that this compromise does virtually nothing to correct the problem and just extends our debt ceiling which is already past bankruptcy stage for any normal business. Why can’t these congressmen comprehend that we must not spend more than our income if we ever hope to survive? The following video of Harry Reid recorded during the budget debate basically shows what the problem is……….. They don’t give one hoot about anything but partisan politics. That goes for Democrats as well as Republicans. Poor Harry is more concerned with getting off for summer break on time so he can see his trees bloom than he is in coming up with a solution. Lest I need remind you, our own Senator Tester spent many hours in Nevada prior to the November election campaigning for his good buddy Harry Reid. Take a look at the video and tell me what you think.

Also the following comparison between government financial affairs and a comparable American family really put this financial mess into perspective for me

All this budget talk running into the trillion is really confusing for the average American. Let’s do a simple math exercise consisting of just removing 8 zeros from the budget numbers to make the dollar amounts something we can compare to an average Americans debt to income ratio.

• Annual Income: $21,700
• Yearly Expenses: $38,200
• Yearly New Debt: $16,500
• Outstanding Credit Card Balance: $142,710
• Budget Cut as just passed by Congress: $385

So now with this new “compromise” we are only adding yearly new debt to our credit card balance of $16,115 instead of $16,500. Yea, I can see how this will really solve the problem. The real solution is to match the spending to the income plus a little to go to reduce the huge credit debt. If my income / loss statement looked like this the bank would have foreclosed long ago. What makes you think the government won’t face the same fate? I hate to admit it but the teabaggers are dead on right on this debt issue.

CUT SPENDING