Friday, February 27, 2009

Getting Out of Debt

I've heard all about Crown Financial, Dave Ramsey,vetc...

None of those work.

You know why? Because they claim that in order to get out of debt, you have to stop spending and start paying down the debt. At first, that made sense to me, but what do I know.

It seems that our President, who has far more education than I do, disagrees with such quaint oddities.

When he was courting us, he campaigned on issues such as reducing the growing federal deficit, shrinking the government and changing the old ways of Washington.

Now that he's driving, he says that the way to get out of debt is to borrow tons of money without paying off what you already owe. Of course, we will need to hire new people to manage the fake money we just printed. And, we need to hire people to oversee those getting the money (who already blew their own money) so they don't blow our money.

Doesn't quite make sense. Seems like a simple math problem. But then again, I never did do well in Economics at school.
Economics sure is hard work!

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