Monday, October 13

Lining Up For The Next Bailout...

No, I'm not talking about the housing bailout. Seems that my wife and I missed out on that one for foolishly thinking that houses in Northern Virginia were overpriced. Nobody told us that we wouldn't have to pay a mortgage.

So, instead of kicking ourselves that we didn't go wild and purchase a house we couldn't afford and then refinancing it to buy nice new cars, new furniture and electronics and then reward all our 'hard work' with a nice long vacation, we thought that it might be a good idea to get ourselves in line for the next Government bailout.

The big question is where will bailout mania strike next? If I had to guess, I would say a bailout of national Credit card debt.

This is the perfect place for the Government to help fix the economy. There are two ways this will work. First, it will give many Americans a 'clean slate' and remove a huge burden that is preventing them from buying more things to power the economy forward. Second, by paying off lots of credit card debt, the Government will help re-capitalize banks that are currently neck deep in accounts with maxed-out credit card limits.

Remember, you can't collect on ANY BAILOUT if you have no debt. Don't feel guilty. For sure nobody else is. I bet that the Democrats will even call carrying massive credit card debt as 'Patriotic'. So be sure to do your duty...

See, this is what bad behavior breeds. Even more bad behavior.
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Note: Remember, that at the end of the day, you are ultimately responsible for your actions, at least until you die or the Government relieves you of that responsibility. This is my way of sarcastically responding what I consider to be bad Government. Want advise, talk to a lawyer or accountant!
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2 comments:

xformed said...

Fred;

Amen, brother....well said.

eric de la torre said...

absolutely right.