No. of Recommendations: 66
How can I raise the debt ceiling at my house and get away with it?

Demonstrate to the bank that you have an income stream which is increasing. They will fall all over themselves to lend you more ... as bond holders are now doing with Treasuries (notice the low rates that they're willingly snapping up?)

Why is government different and why do we want to continue with this kind of irresponsible example?

Because government IS different. People who tell you it's just like a business are simply wrong. It's not like a business. No business invests in things for which a payout is not assured. What business pays to educate 8-year olds? What business says "Yes, make my production processes more expensive so my workers can be safer?" What business puts 50 billion dollars into developing rocket ships, or atomic weapons, or jet engines, or exotic vaccines without some assurance of payoff?

Free stuff, I get it, but it IS time to GROW UP and live within our means and not our ability to defer the debt endlessly for some other generation to deal with. We already have done that and look where it got us?

If by "where it got us" you mean "the richest most powerful country in the world", then yes, look where it got us.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.