Exactly.
Spending money, even if it is for works projects to put people to work, is never a good idea for a country in debt up to its eyeballs and is only a temporary band-aid. The money has to come from somewhere and it's only robbing Peter to pay Paul. What happens when the money runs out? Borrow more money!
The only permanent answer is to cut government, not grow it, and lessen taxes so people have more to spend on themselves. Someone has to be paid to administer $850 billion for government projects. No one has to be paid to manage their own money.
In debt, after we built our house, my wife said we should move into a better house in a better hood'. We bought another house and put our house up for sale at the same time. Market went to hell, and we were stuck with 2 house payments for over a year. We lost about $65,000 between making 2 payments and what we had to settle for to dump a brand new house we built.
Then the credit cards, my son was diagnosed with autism, and we are trying to recover him with biomedical treatments, we both work full time and have insurance, but autism is not covered. We pay for therapies and suppliments out of pocket, thus the CC debt.
Picked up a second job, just to pay CC's and should have everything 'in line' in a couple of months. Work 18 hour days sometime but anybody would to 'recover' their kid. All good, we are still young enough to make it all work, just had to put gambling in the past for a while. I guess no new car for my bookie this year.
Then the credit cards, my son was diagnosed with autism, and we are trying to recover him with biomedical treatments, we both work full time and have insurance, but autism is not covered. We pay for therapies and suppliments out of pocket, thus the CC debt.
Picked up a second job, just to pay CC's and should have everything 'in line' in a couple of months. Work 18 hour days sometime but anybody would to 'recover' their kid. All good, we are still young enough to make it all work, just had to put gambling in the past for a while. I guess no new car for my bookie this year.
