You can't Spend Your Way To Success

The government's been doing a lot of borrowing lately. The goal seems pretty clear. The government wants to spend its way to prosperity even if they don't have the money.

Let me tell you why this will not work.

Your personal home budget is much like the government only quite a bit smaller. The principles are the same. If you don't make enough to live on you either live on less or borrow more or work more.

If you borrow more money one day you'll have to pay it all back. Now, most of us can borrow more money than we can pay back because we view how much we owe by how much our monthly bills are.

If you borrow $10,000 dollars and only have to pay back $236. a month you'd probably say you can afford it. Well, you can't borrow forever because eventually your monthly bills will exceed your monthly income.

Though, you can borrow more than you can pay back for awhile. But eventually you won't be able to borrow anymore money.

The government is much the same. They've been spending more money than they take in every month now for years. The question is: How much can the government borrow before they cannot make the interest payments?

And once the government cannot make the interest payments how does the government function?

By raising taxes.

It is that simple. And, don't get hooked on this idea that the rich will pay more in taxes and every thing's gonna be alright.

The reality is there isn't enough rich people to pay the entire bill. The government will have to go after the middle class, and finally the poor class.

We're not going to escape it. Someone will have to pay up one day.

Until that day I encourage you to check out previous posts about how you can become debt free and totally free of the bondage debt has you in.

You can do it with anyone of a number of strategies I recommend.

Don't be like the government and spend, spend, spend. Take ownership in your life and become a Cash King NOW because cash talks....

David