Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows neither victory nor defeat.

Theodore Roosevelt, The Strenuous Life

By , on February 14, 2011

Current Events, Opinion

If Congress were to pass the Obama budget, we will add $1.6 trillion to the $14 trillion debt of the United States. This budget represents continued over-spending. The Republican solution is slightly better but still poor; they are quibbling about wanting another $100 billion in cuts. So the debt would increase by $1.5 trillion instead of $1.6 trillion following the Republican agenda. This will be a debate not worth listening to.

The analogy is telling my wife that her concerns with the family debt (of, say, $100,000) have been heard and I have an aggressive strategy to deal with it. I will only spend $10,000 more this year than we earn, increasing our family debt to $110,000 next year. As a matter of fact, my only plan is to reduce my debt spending, not eliminate it. The family debt will increase interminably, and is probably too big to pay back now anyway. And honey, don’t worry, nothing serious will go wrong requiring us to borrow even more money, causing a financial collapse. That can’t happen to us because we’re Americans!

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