This is scary. Apparently the U.S. Treasury is about to run out of other people's money. And the people in charge seem to think the solution is to go further into debt, which is even scarier. And when you consider that this debt would most likely be to China, giving an anti-freedom, anti-human rights regime even more control over the future of the U.S., it becomes almost unthinkable. But I sure hope somebody in Washington is thinking about it. I may not know a lot about economics -- I may even think it is the most deadly-dull, soul-killing subject known to man -- but I do know that it would be completely inconceivable to run a household along the same principles the Obama Administration is trying to use to run the American economy into the ground. Surely someone is willing to stand up to the craziness?
I wouldn't be doing my job if I didn't have an ancient Roman analogy to share. I believe it was financial mismanagement more than any other factor that led to the fall of the Roman Empire. Too many social programs, if you will, and a dependent class that grew proportionately over time while the Empire came under attack from opportunistic barbarians and spread itself too thin. Some of the barbarians offered a helping hand, providing horses and soldiers to fight, and were happy to cooperate with the Romans as long as the Romans were the most powerful nation in the world -- but they themselves became part of the balance of power that tipped in the other direction eventually. There were some who said the Roman culture was too big to fail, but history voted otherwise.
Is it too late to draft Dave Ramsey to get us out of this mess?