[quote=KSMountain][quote=briansd1][quote=KSMountain] When was the last time we payed the bloody thing off?[/quote]
Think about it KSMountain, if you owed a whole year’s worth of income on your credit cards, and and wanted to pay them off quickly, you’d have to tighten the belt for a while.
You might be able to do so by yourself, but if you have wife and kids, they will not enjoy the lower standard of living.
Also remember, that the government needs to take on debt to build roads, schools, etc.. just like most Americans need debts to buy houses and cars, and send their kids to college.[/quote]
You’re going to have to tell the family that daddy is going to need another job, or mommy needs to cut back on the Ferragamo’s, or maybe we just won’t be able to do private school this year, pumpkin. Sorry. Because at this point we’re spending $1500/mo just in interest and the situation is only getting worse. As the parents, we’re going to have to make the choices to get things back to a sustainable trajectory.
Or I guess we could just declare bankruptcy.[/quote]
I’m glad you mention daddy getting a second job in addition to cutting back on luxeries. It’s past the point of cuts alone being enough… revenue has to increase as well. Any REAL solution involve both deep cuts AND increasing revenues (taxes)! Proposals that only addresses one or the other are jokes.
