Monday, September 29, 2008
It wasn’t too many years ago when credit card companies started offering sweet deals like no interest for a year to transfer the debts from other credit cards to theirs. No doubt the idea crossed my mind that I could possibly make it for a good many months by simply shifting my debt from one credit card to another without ever making a payment on any. While I never actually tried it, I’m sure there are more than a few that did. If our country is already in debt to the tune of nine trillion dollars (that’s 9,000,000,000,000.00, which is more than can be entered into a standard calculator screen) and has not lived within in it’s national budget more than1 year in the last 30, then what the heck is a 700 billion dollar bailout than some kind of mega balance transfer. If it wouldn’t work for you and I, why do we expect that it might work for a national economy?