If it wasn't so sad and dangerous to our country it would be hysterical. What is "it"? The absolute incapability of our federal and state governments to stop spending! They know we are in debt beyond anything we can pay back barring a miracle. Yet they, at least the federal government, are projecting trillion dollar deficits for years and years.
The "stimulus" package, which is nothing is the sort, has billions in pure pork projects. (I also like how they haven't spent about 70% of this URGENT stimulus, saving it to spend just before the next election.)
They really don't seem to understand we are out of money. Really! They spend as if they have all the money in the world. Their only plan is to borrow more from overseas. They think we will borrow our way out of this debt problem". Ugh. Utter stupidity.
Here are some truths they need to learn:
1. You cannot borrow you way out of debt anymore than you can drink yourself sober.
2. What is borrowed must be paid back, nicely or not nicely.
3. Compound interest is a bitch.
4. Raising taxes above a certain level WILL lead to less tax revenue, not more.
Most of us "little people" could solve this deficit and debt problem instantly. Here is how:
1. Spend less than you bring in.
2. Lower taxes on the everyone, including the people who actually hire people.
3. Use excess revenue to start paying down debt.
4. NO OFF-BOOK EXPENSES!!! (That is where they hide the really nasty future costs.)
5. Stop doing stuff not authorized by the U.S. Constitution. This would lower the the cost of running government by about 80%.
Pie-in-the-sky, I know, and probably too late even if started tomorrow.
This debt bomb WILL go off at some point. Personally, I hope it is far enough out to let me get more stuff socked away.