USA National Debt Like Household Debt Will Fall Only With Lifestyle Changes - Page 2
Households and the government have the same challenge. Accepting that money management is lifestyle management. And so, to lower spending they must make difficult lifestyle choices.
Government and households are addicted to debt. The last thing an addict need is “more.” I pray any solution reached on this matter excludes tax increases. So too, households must live within their incomes.
One of my favorite quotes comes from Einstein: "Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction."
Is Congress so committed they will allow debt-default to get the government to move in the “opposite direction”? I hope it is.