Christmas is About Jesus, Not More Debt

Christmas is About Jesus, Not More Debt

November 29th, 2010

Floyd and Mary Beth Brown, FloydReports.com

During  this  Christmas season of cheer and good tidings, a  universal message  is going  forth.  They are all united — from Barack  Obama, to Martha  Stewart, to Wall  Street banks, to the Federal Reserve  — and even your  local mall agrees:  please borrow to spend more this  Christmas.

Americans  since 2008  have been tightening their belts, and they have  paid down  more than $150 billion in consumer debt.  This is a  remarkable feat and  a  testimony to the diligence, hard work, and  frugality of the  American  citizen. In contrast to the people, we are  embarrassed that  our  government is encouraging irresponsible and  spendthrift behavior.

Little   wonder the finances of the U.S. government and the Federal  Reserve  are in  a shambles. When times are tight, overspending and  excessive  debt is  never the answer. Americans intuitively understand  this and  they are  making tough choices to avoid bankruptcy.  Barack  Obama would  be smart  to follow their example.

But governments never really  tighten  the budget. We all learned  years ago the idiocy of government  accounting  when they proclaimed they  were making “budget cuts” when  spending and  borrowing was going up  every year.  This would be akin to  us saying, “We  want a Porsche, so we  will cut the budget and get a  Corvette,” when our  salary could only  cover payments on a Toyota  Corolla.

This upside-down idea was in the news again this week with the bailout of Ireland….

Read more.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: