Why not sell members of Congress to pay for our debt?
So here we are, the United States is almost $14 Trillion in debt. Does anyone really have a grasp what that means? I think most people don’t really care. Think about it. We continue to borrow money from other countries and does our quality of life change because of it? Do we really end up paying that money back? We just continue to dig our hole deeper and deeper, spending and spending. Sooner or later the note will be called. Look at California. They are now in a State of Emergency. Who will bail them out? The answer is in the mirror unless we find another way.
This recession, and in my opinion its really not over despite what the GDP shows, has caused many people to look at their own personal debt. Many folks have cut their spending and destroyed their credit cards so they don’t continue to dig their graves. They realize that they can not sustain their lifestyle without having a way to pay for it. So many people have cut back. But not our government. It has grown substantially over the years, but it has moved into maximum overdrive the last 2. We have increased our government so much to protect us, but we can’t pay for it. Now congress is fighting over taxes and ideas in how to pay for it. After all, we are the ones to pay for their work, not them. Well, unless we want to be owned by China. Oops! Too late. I am reminded of Proverbs 22:7 which says that we are slaves to our lenders. Why would anyone want to be a slave? I guess you would have to believe in God’s word in order for this passage to resonate with you, but I think most people agree that if they are in debt, then they really don’t have the full freedom that they could have.
Re-enter in the United States. We are almost $14 Trillion in debt, mostly to China who can’t stand us. Doesn’t that seem fitting? The CBO predicts that in 2015 we will be $17 Trillion in debt. How will we ever pay it off? Well, I do have an idea…
There needs to be some kind of creative way to get us out of slavery. Why not sell every member of congress who has contributed to our debt that has not been paid off? I understand that the majority of the voters vote them in, but we really can’t control what these people do once they are in. This administration has bet on speculation of tax revenue for the spending that they have endured the last couple years. Now they are arguing over those tax codes. The lawmakers who have spent all of the money argue that the higher earning individuals should pay more. Why should the so called “rich” have to pay for it? The Administrations and Members of congress are the ones who spent the money. Why don’t they pay for it? So back to my argument. Unless these spenders can pay for the mess they put us in, selling the ones off who increased our spending could be a viable option. I could see someone from Dubai or China paying a really good price for Chris Dodd or even a higher price for Barney Frank. They could really have a good time with him! I understand that we wouldn’t get much of a return for Charlie Rangel, but anything would help.
This idea may seem a little crazy, and of course the ACLU would have issues with it, but I think it could work. All I am saying is that it should be looked into. It may require these spenders to think twice before they give away our hard earned money.
Real Estate Outlook
It is March 30th and the Federal Government has committed to purchasing Mortgage Backed Securities until the end of this month. This ends, or at least appears to end at the moment, a $1.2 Trillion program to keep Mortgage interest rates in check. Of course, we’ve been spoiled with interest rates as low as the high 4’s over the last few years; however expect things to change if the Fed really does stop purchasing these bad packaged loans. We very well could see them stop buying them for a little while, but if interest rates increase very much, then expect them to continue throwing more money at the program. If the market suffers even more because of the lack of a purchaser for these loans, then the money spent for the program in the amount of over $1.2 Trillion could be considered another wasteful attempt to pump life into the market. Sooner or later, though, this liberal government will need to realize that we can not sustain to continue spending money that we don’t have in order to carry the burdens. They need to understand that unemployment is the driving force to getting us out of this funk that we are in, and we are in one of the largest funks in recent history. This could turn out to be worse than the 80’s if they don’t get things figured out very quickly. It doesn’t take a rocket scientist to understand that spending more money than one is making is a recipe for disaster, and raising taxes in a recession is another recipe for disaster. People who have gotten themselves into too much debt and weren’t able to make their payments is one reason why this country is in the financial mess that we are in now; and you tell me that the governments solution is go to deeper into debt with China?! How ridiculously ignorant do you have to be?