Nel's New Day

July 21, 2011

U.S. Already Spent the Money!

Filed under: Uncategorized — trp2011 @ 5:49 PM

Ten years ago, Dad had an automobile accident and needed a new car. Although he and Mom did the budget together, he bought an expensive one and didn’t bother to put the car’s expenditure into the budget. They hadn’t been married for long, but he figured that they had the money because their combined salaries were enough for them to live on if they used some of Mom’s savings.

He loved the new car so much that he decided to get an RV. He got his sons and wife to agree but, again, didn’t tell them how much it would be and didn’t put it into the budget. As the years moved on, both his and Mom’s salaries shrank, and he had more problems paying for the RV. They ended up increasing their debt each year.

When Dad died in 2008, Mom married again, this time someone who thought that they needed to pay off the debts that Dad had acquired. Unfortunately, the sons thought they were wrong. They wanted to keep the money themselves and not use it for the debt that Dad and Mom had acquired during the eight years that they were married. Now the sons have flat-out refused to pay any of their debts, even with an impending foreclosure.

And that’s the problem with the current debt ceiling crisis. Dad’s sons (Republicans) think that they should not have to pay Dad’s debts; Mom (Democrats) understand that, ethically, she should pay these debts. And we’re almost to the foreclosure deadline.

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