Joe Biden’s Insane Economic Advice
I wonder if the rest of us should follow the same thinking as Joe Biden when it comes to our personal finances. At a recent town hall style meeting with members of AARP the Vice President to attendees that our nation would go bankrupt if we didn’t pass a health care bill and that the only way we can keep ourselves from the bankruptcy stage is to spend more money.
Okay, let’s think about that for a minute. Suppose you are having trouble paying your bills because, just like the US Government, you have been completely irresponsible with your money. In other words, you’ve been spending more money than you make and let’s way it finally reaches the point that if you don’t do something you will go bankrupt. The question is what do you do, find a way to spend less money, a lot less, or instead, spend more money, a lot more money? What seems to be the smart choice?
If you said spend less money, then you made the right choice and are apparently smarter that the Vice President of the United States who made this statement at the previously mentioned AARP meeting,
“What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.”
I’m speechless! What if we all took that advice when faced with economic hard times? What kind of idiots does this current administration think they’re trying to lead in this country? Unfortunately a few people will probably buy into that kind of thinking and believe the only thing that can save us and avert economic collapse is for the government to take more of your money. If you believe that, at least ask yourself how that is supposed to become a reality when we’ve been spending money in all facets of our government for decades and the problem just keeps getting worse.
If you’ve dug yourself into a hole so deep you can’t get out of, the answer is not to keep digging the hole deeper. Brace for impact and buy some gold before it’s too late.
Comments
One Comment on Joe Biden’s Insane Economic Advice
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Biznews on
Tue, 28th Jul 2009 2:27 am
Good advice really.
I known that avoiding bankrupcy is made by spending more and more money, trying to find the way going out from crisis, which often makes bigger loses for the company
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