Skip to comments.Uncle Sam spending his way to financial disaster
Posted on 01/21/2012 6:05:33 AM PST by cap10mike
Sams a profligate spender. No matter how much he earns, its never enough, and his mounting credit card debt is proof. Ironically, Sam is concerned about his retirement, so he takes a second, part-time job and deposits all those earnings into an IRA. While Sams personal finances are teetering on the edge, his retirement account is firmly planted on solid ground.
Sam repeatedly raises the limit on his credit cards, but it doesnt keep up with his lifestyle. His accountant is always on Sams case to follow a budget, but Sam hasnt even prepared one. To ease some of the pressure, Sam eventually engages in a little creative financing: He borrows funds from his IRA. Although he starts out in baby steps, it isnt long before the entire account is nothing but a stack of Sams IOUs. On the plus side, hes having the party of his life, and hes the life of the party.
(Excerpt) Read more at bizpacreview.com ...
Not to worry. The MSM tells me that Obama has brought the economy back. All signs are good. No inflation, unemployment lower than it has been in years, just nothing but good economic news all around. I guess we should keep doing what we’ve been doing, and make sure that those unpatriotic Republicans don’t mess up a good thing.
When it all goes to crap, the Dems will blame the Republicans for it. And the MSM will go right along.
Ha ha ha! (more incense, please)
Now, get ready for QE3 to ease Obama's re-election.
More like bong hit!
I think Obama has been hitting on that bong!
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