Does anyone else here in FrugalLand agree that in order to avoid Bankruptcy that one should keep spending? I always thought that if you if couldn't afford something then you shouldn't buy it. And if you had a ca$h flow problem then that meant that you had to STOP spending, not spend some more!
Well, evidently our illustrious Vice President seems to disagree. He and other members of the Obama Administration seem to believe that in order to keep from going Bankrupt that we "the people" need to SPEND MORE money to avoid Bankruptcy.
I'd certainly like to know exactly what Mr. Biden, Mr. Obama and other illustrious members of this current Administration and Congress were doing while they were in those expensive schools, I'd like to know what they were doing other than obviously just taking up space.
Here is what Mr. Biden, Vice President of the United States of America, the man directly under Barack Obama had to say to members of AARP.
“And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable. It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.“We’re going to go bankrupt as a nation. Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’“The answer is yes, that's what I’m telling you.”
Mr. Biden, as well as other notable politicians in the new Administration have obviously been in government way too long. He and his Administration colleges are obviously out of touch. Our country is heading to double the national debt under the recklessness of Obama, Biden, and the rest of the new administration, and this is the best argument that Biden has for nationalized healthcare, a program that is going to cost Americans an additional $1.5 trillion?
And here's another one of Biden's pearls of wisdom: “To those who say that our economic decisions ‘have not produced jobs, have not produced prosperity, and simply have not worked’ I say, take a look around,” Biden will say, according to prepared remarks obtained by The Washington Post.“‘Come see what I see everywhere I go: workers rehired, factories reopened, cops on the street, teachers in the classroom, progress toward getting our economy back on the move.’"
Workers rehired? WHERE?? The Unemployment rate is getting worse, not better.
Factories reopened? WHERE?? Cops on the street??
I loved this one - Teachers in the classroom??? They are now working DURING THE SUMMER? Really?
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