Monday, August 10, 2009

When you find yourself in a hole...

you stop digging, right?

Not if you're the US Government. Their solution is not to stop digging, but rather to borrow money, buy more shovels, and hire workers to help dig.

From Sec. Geithner's letter to congress last week on raising the debt ceiling,

"It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations."

We need to borrow more to promote confidence? I've been doing it wrong all these years!

3 comments:

Anonymous said...

I like your new picture at the top! Is that what your Alfa will look like?...........M

Mel Corrigan said...

Why must you remind us of how detached from reality our leadership is? UGH!!!

Corrigan said...

nope, that's a porsche 550 at the top..but if i'm lucky mine will look that good!