Last week the U.S. House of Representatives voted on a budget resolution for federal spending. It was another of those non-binding resolutions that will surely be altered by a future congress when they feel it gets in their way. Doesn't it make you want to go to the bank and ask for a non-binding checking account?
A local banker and friend of mine sends out a newsletter every week and when I read it this week it startled me a little bit. It said:
"The total debt of the U.S. government has doubled since the end of 2005, rising from $8.2 trillion at the end of ‘05 to $16.4 trillion at the end of 2012."
While that's a sobering statistic, the startling part was the next line. It actually said in black and white:
"Taxpayers can make a credit card donation to pay down the national debt at the website pay.gov."
Seriously? It is bad enough that our leaders in Washington have taken the debt from bad to worse, but to ask us to increase our personal credit card debt to reduce the national debt sounds like a scheme that could only be hatched in the halls of government. Folks, we need to get serious in this country about solving the debt crisis. We need a solution, not a non-binding resolution, and we need it sooner rather than later. What do you think?
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