Troublemane
Well-Known Member
Lemme aks you a question, Matt. Say you have a household with 10 people in it. All of them are working, some make minimum wage, one or two make alot more. As long as they are all working, they find they can pay the bills PLUS have alot left over for steak dinner every night if they want. They go on vacations, pay for internet and cable TV in every room.
Now imagine that 5 of them get sick and can't work. It would be really difficult, but if they cut down their expenses maybe they can get through it without losing any of the luxuries they have become accustomed to. At least the two main income earners are still working, so they find they can get by.
A few weeks go by, and more of them are out of work. They have not cut back on spending, however, and so their credit cards are close to being maxed out. After another two weeks, only the top income earner is still working.
Eventually, even if the last person working works double shifts, he or she could never pay enough to cover just the interest on the debt accrued by the rest of the idiots in the house, who are continuing to spend as if they were still all working regular jobs. When the total income is less than what is needed to pay just the interest on the debt, the household goes bankrupt and the people in it are kicked out.
Thats what is going to happen to our country if we continue to spend like we are in a robust economy.
Now imagine that 5 of them get sick and can't work. It would be really difficult, but if they cut down their expenses maybe they can get through it without losing any of the luxuries they have become accustomed to. At least the two main income earners are still working, so they find they can get by.
A few weeks go by, and more of them are out of work. They have not cut back on spending, however, and so their credit cards are close to being maxed out. After another two weeks, only the top income earner is still working.
Eventually, even if the last person working works double shifts, he or she could never pay enough to cover just the interest on the debt accrued by the rest of the idiots in the house, who are continuing to spend as if they were still all working regular jobs. When the total income is less than what is needed to pay just the interest on the debt, the household goes bankrupt and the people in it are kicked out.
Thats what is going to happen to our country if we continue to spend like we are in a robust economy.