Saturday, April 26, 2008

Saturday Afternoon, Feeling Fine

Ah, Saturday afternoon and all is well. Easily my favorite day of the week since I've been lucky enough to work one normal m-f 5 day a week job. Never underestimate the importance of that schedule. Many people are unable to have such a set patter, and appreciating it is a must for it continuing.

I recently watched a couple of great movies. The most recent is Maxed Out, a documentary about the terrifying level of debt existent in this country, both from individuals and from our government. The govt. has to borrow against money earmarked for future payouts (pensions, medicaid, SSA, SSI, SSDI, and many other funds earmarked for the future. They use this borrowed money as payment on debt the government itself owes - but only the interest. Because that is all they can afford. This is the equivalent of using cash advance off one credit card to pay another cc bill off. It can not continue indefinitely!

Here's this little tidbit from Alan Greenspan,

The worst-case scenario is a sudden crisis — perhaps a major terrorist attack or a shutoff of oil from the Middle East — that triggers a loss of confidence by investors in the U.S. economy. Foreign investors refuse to lend more money to the government to finance its deficits; drastic tax increases and benefit cuts occur suddenly; the dollar's value plummets, which raises the cost of imported goods; and a severe recession or depression results from falling incomes.

Happy, Happy Joy, Joy!!!

Dazed and Confused with TOYS IN THE ATTIC!!!

1 comment:

Da Old Man said...

I could not have used a better phrase than "Toys in the Attic." Multiple meanings and works on every level.
You need to watch a couple fluff shows when the participants wring their hands because they are so in debt. While sickness or some other tragedy can bring it about, it almost always is due to the most idiotic spending patterns.
The government, sadly, reflects the electorate in many ways.