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