If you voted for Obama this should cheer you up. According to this dude (and everyone he works with if you read the comments section) we have about 25 years before the US is bankrupt. The good news for democrats is this probably would have happened regardless of who is in the white house, it will just be quicker with the democrats. Why you ask? Well call up your credit card company and ask them to raise your limit $5000. If you're a good customer they'll probably agree no problem (maybe not these days). Call them up in 3 months and ask them to do it again. Keep going until they say no. During this time max out to the limit each time and only pay the minimum balance due. See where this is heading. Pretty much what we're doing as a country all the time. The monopoly economist dude gives you a grim picture of our future if we stay down this path.

Read it here -
http://freenj.blogspot.com/2009/01/inching-toward-lifeboat.html

Labels: Economics