I prefer to bring you encouraging words and sunny skies, and so I usually don’t mention the Powers That Be except to remind you they don’t have as much power over you as they like to believe, thank God.
I do want to repeat one thing that the fools someone elected to Washington have seemingly never grasped — or if they do grasp it, they are more evil than I suspected:
Debt is not a tool. It’s a trap.
I have known that instinctively since I became an adult. I remember when I first started out, I resolved to save money and buy things with cash, except perhaps a home and a car.
Then my stereo failed, and you know how I love music. “Just this once,” I bought a new sound system on credit. I paid it off on time, and it didn’t seem as awful as I feared, so I finally broke down and got a credit card. Or two. Or three.
Credit is a gamble that nothing will ever go wrong and that you will always be able to make payments. The proverb says the borrower is servant to the lender — that’s why it’s call debt “service.”
You can’t borrow your way to prosperity, but it’s very easy to borrow your way into bankruptcy.
A bill that adds trillions of dollars to a debt trap that was already past $37 trillion may be big, but it can’t possibly be beautiful.
