degringolade

Apparently us folk here in the USof A are on the hook for 39 trillion barneybucks. There are right around 348 million folks here. That pencils out to around 110,000 barneybucks per man/woman/child here in the good old USA.

Now, what I find odd is the idea that some folks have concerning this little piece of trivia that most ignore is the supposition that it is somehow going to be paid back.

I remember back in the day when my dad sat at the kitchen table, smoking his camel stud with a used envelope in front of him doing the household accounting. You didn’t talk much during those times and retreating to your room just seemed like a good idea. You kept an ear open to gauge the amount of muttering (volume variable) and the degree of profanity (intensity variable) to come to an idea of just how far on your tiptoes you had to be for the next couple of weeks.

I feel the same way in general right now. I remember the old lines from long ago that seem to have been forgotten “when your outgo exceeds your income your upkeep will be your downfall”. We are running up the credit cards now. For some folks, the rationale for this is that it will give us time to get our house in order to stop increasing our debt and begin to pay things off. Now, I do realize that this does occur sometimes. Not a majority of the time, but I am guessing around 30% of time it does work.

But most of the time, these kinds of occurrences are why the bankruptcy laws were made so onerous years ago, a lot of the time this debt becomes a long-term indentured servitude for purchases and pleasures long ago discarded. But you have to remember that the government doesn’t play by your rules.

One of the rules that no one mentions is that there are differing levels of power and leverage. The federal government has control of a majority of these rules. What is going to happen is that the debt is going to disappear. Someone is going to suffer. The choices made will have a direct impact on your life and the decisions that you have available. I sincerely doubt if anyone in a position that decides these things gives a damn about your opinion.

The best that you can do is to weather the storm.