The government can't borrow its way out of trouble and either can you

The government has lost it's mind. I know, I know, the government is not a person. And here's the lesson in that. The people currently running the government have totally lost there mind.

For some reason they think it is possible to spend out of a recession. First, a recession or business cycle has been around since the dawn of time. They aren't going away and they aren't the end of the world either.

The reality is we will always have a business cycle. They will never go away. Typically recessions last anywhere from 6 months to 18 months.

MYTH NUMBER 1: a recession does not affect every sector of the economy.

REALITY NUMBER 1: there are always successful people succeeding during a recession

MYTH NUMBER 2: some companies are suffering because of the recession

REALITY NUMBER 2: most companies cannot do good in good times let alone bad times.

Just take a look at the airlines and car companies. The airlines are the worst. They manage to go bankrupt all the time good times or not. The car companies have already been having trouble. Now they have more trouble.

Despite what you might be hearing from politicians and reporters and pundits on the tv recessions come and go and this one will too. The bigger question is will we be better off or worse off if we try to borrow and spend billions maybe even trillions?

My guess is we'll be worse off because none of us can borrow our way out of trouble.

David