Wednesday, September 17, 2008

Welfare Economy

In the United States there is clearly no reason to be fiscally responsible.

If you're the government, you can spend trillions of dollars on illegal invasions of other countries, no one will stop you.

If you're a citizen you can live off of welfare checks and sit on your butt all day, because heaven forbid you be deprived of cable television, cigarettes and alcohol. If you happen to dig yourself under thousands of dollars in credit card debt the ads on the radio say that you can settle with the lending companies for pennies on the dollar.

And, if you happen to be a giant corporation or bank then the government will simply buy your company if you have money problems. Since when has it been the policy of our nation to simply nationalize companies that look like they'll go bankrupt? Fed loans AIG $85 Billion. This is a 80% stake in the mega-corporation. Does the federal government really need an 80% stake in a non-government corporation? Sure seems like if your company has over a TRILLION dollar in assets it should know how to handle its finances properly, especially a company that deals in finances (namely Insurance).

Growing up I was taught that if you mismanage your money then you eventually go bankrupt and life becomes very complicated and unpleasant while you try to get things fixed. And here I've been living like a sucker by working my butt off to stay out of debt. Little did I know that the real American way to live is to spend, spend, spend, and then cry to the government when you can't pay your bills. [Grumble, grumble...]

No comments: