spending more to reduce the debt

I don’t know if you’ve heard, but the U.S. economy is having some problems.  There’s a LOT of debt (both private and public, corporate and personal), and there’s not enough money to cover those debts.  It’s way past time to do something about it.  Fortunately, President Barack Obama has a plan.

They say knowing is half the battle, but I’m not sure if Obama really knows what he’s doing (thus I’m not sure he’s even halfway right).  Obama apparently thinks quadrupling the deficit will fix the deficit.  I cannot begin to explain how backwards that sounds.  But if spending more money than we have and sending us deeper into debt 4 times faster helps the economy, then why don’t we do even more?  (I’m afraid he is planning to do more, particularly with the nationalized health care.)

I realize this may all sound foolish.  I mean, how can going further into debt get us out of debt?  The key here is that it has to be called “investing” instead of just “spending”.  Calling it by another name makes all the difference.   That must be it…

And if it will work for our government, maybe it’ll work for us.  Suppose you can decrease your credit card debt by spending 4X as much and putting it on your credit card…*

* Don’t blame us if you try this and your budget blows up and you can’t get credit anymore and the lenders start foreclosing on your properties that you can’t afford.  But be sure to blame Obama if that happens to our country…

Obama's economic plan

how I’d party in Obama’s situation

I was just reading about the crazy-huge inauguration party that Obama is having.  The budget for it is $49 million, but the estimated actual cost is around $150 million.  I could think of much better ways to allocate taxpayer funds, but I already ranted about that on my other blog.

Here, let’s take a more humorous view of it.  The $49M will cover the standard amount of food, security, and other necessary items for a Presidential party.   (That still seems very excessive, but whatever.)  So Obama is spending an additional $100M for his party.

Let’s see… if I was hosting a party and had an extra $100M to spend, what would I do?   That’s so much money that it boggles the mind.  I don’t even know where to start.

I’d have the world’s largest nachos buffet, for starters.   (Although that could be covered by saving money on the standard food package — you know they’re overpaying for that stuff.)   Actually, with all that money, I’d have available ALL the types of food I want.  There would be lots of games with fabulous consolation prizes.  I’d have huge virtual reality gaming booths, with the latest technology.

I need to start thinking bigger or I’ll never spend that kind of money.  Let’s see… I’d buy my own private island.  Yeah, that’s it.  And I’d have a castle built on my own island.  I’d buy my own private plane (along with carbon credits so folks couldn’t complain).  And I’d fly all my friends to said island for a massive after-party party that lasted for weeks.  They’d all get vacation pay so it won’t hurt to miss work.

I’d probably still have some money left over after that, surprisingly.  So I’d build a weather-controlling satellite and take over the world.   Wait, maybe I should hold off on that one for a while.

I’d create my own TV station, and it would play only programs approved by me.   So of course it would be awesome, and I’d make millions more dollars.  🙂

This could go on for a while, I think.  So I’ll stop for now.