Sunday, April 26, 2009

How Long Can This Work?

According to the article below, today is the day that the U.S. Federal Government has spent all the money it is expecting to take in for 2009. That means that from now until December 31, the government will be borrowing everything it needs to keep the bills paid.

It seems to me that it doesn't take a whole lot of common sense to figure out that spending 3 times what you make....won't be sustainable.

Read it here; http://www.foxnews.com/politics/first100days/2009/04/24/happy-debt-day-government-run-cash-sunday-earliest/

And how strange is it that the very government who is so incapable of running their own financial house is now telling the banks, General Motors, and the rest of the world...how to "fix" the financial crisis?

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