We are rapidly approaching the debt limit for the amount of money we can borrow as a nation. The last few times we hit the limit Congress just nudged it a bit larger. Well, we're done. No more. We can't take it anymore.
Tim Geitner says we have to borrow more. He's wrong. He and others say we would default on our debt if we didn't borrow more. That's also wrong.
I heard a Senator say that we have to raise the limit to be able to borrow more money to make the payment on what we already owe. How's that for a definition of addiction? Besides, it's not true.
I have heard many claims of doom and despair if we don't increase the limit. I have heard words like calamity, colossal proportions, catastrophe, and the like - describing not raising the limit.
America has an addiction but it won't admit it. It is a spendaholic. If anyone heard that a friend or family member needed to borrow money to pay the interest on a credit card or that they were charging the minimum monthly payment for one credit card on another credit card, we'd be seriously concerned about their spending habits and would want to intervene.
The signs are there.
Don't let the rhetoric fool you. We can make our interest payments just fine. We can make our entitlement payments OK. We just can't pay the principal or borrow anything else. That's good. If this is what it takes to get us to stop spending., it's fantastic.
Encourage your Repreprentatives and Senators to do the right thing for America and draw the line in the sand. Vote 'NO'.
───
For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.
Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
© Steve Hoffacker, 2011. All Rights Reserved.
