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Uncle Sam Tells Americans How to Get Out of Debt
Reason ^ | January 19, 2012 | Shikha Dalmia

Posted on 1/23/2012, 5:15:46 PM by Altariel

After saddling the country with as much new debt as the rest of the world combined in one year flat, one would think that Uncle Sam wouldn’t have the cojones to dish out debt advice to others. But one would be wrong. In an unwitting self-parody worthy of Froma Harrop on The Daily Show, the Federal Trade Commission has created a step-by-step web guide for Americans “Knee-Deep in Debt.”

The first step, says the agency, which represents a government that went over 800 days without passing a budget, is: create a budget! Get a “realistic assessment of how much money you take in and how much money you spend,” it lectures those in financial doo-doo, seemingly oblivious of the fact that its own bosses have promised $60 trillion to a $100 trillion more in entitlements than the country has money to pay for.

(Excerpt) Read more at reason.com ...


TOPICS: Miscellaneous
KEYWORDS: advice; bankrupt; debt; deficit; hypocrisy; spending

1 posted on 1/23/2012, 5:15:54 PM by Altariel
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To: Altariel

How to get out of debt:

#1 - print more money
#2 - leave the bill for the kids


2 posted on 1/23/2012, 5:18:59 PM by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Altariel
That's only if you are knee deep in debt. If you are scalp deep in debt (national debt = yearly GDP), then you must spend 40% more than you make to stimulate your way to wealth.
3 posted on 1/23/2012, 5:25:42 PM by KarlInOhio (Herman Cain: possibly the escapee most dangerous to the Democrats since Frederick Douglass.)
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To: Altariel

The way out of debt is very simplistic:

“YOU MUST BELIEVE EVERY WORD THAT ISSUES FORTH FROM THE VOICE OF THE MESSIAH, THE ONE, THE OBAMA!”

There, feeling better?

/sarc


4 posted on 1/23/2012, 5:28:00 PM by Old Sarge (RIP FReeper Skyraider (1930-2011) - You Are Missed)
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To: Altariel

I have an idea.

Just send me a check and I’ll pay them off..

After all... It’s MY money...

{:~(


5 posted on 1/23/2012, 5:40:09 PM by Bigh4u2 (Denial is the first requirement to be a liberal)
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To: Altariel

But, but, just think of the hundreds of employed bureaucrats it took to write and approve this. The meetings, the conferences. Flying coast to coast to get opinions. Power Breakfasts; Power Lunches; Power Dinners, etc. Stimulating the economy by spending 20 million to get this approved and published. /sarc


6 posted on 1/23/2012, 5:42:03 PM by radioone
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To: Altariel

I’ll print my own money. It would be worth as much as the money that the government prints.


7 posted on 1/23/2012, 5:46:27 PM by Fresh Wind ('People have got to know whether or not their President is a crook.' Richard M. Nixon)
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To: Altariel

“...a government that went over 800 days without passing a budget, is: create a budget!”

It’s now been more than 1000 days. This administration is rife with hypocrisy.


8 posted on 1/23/2012, 5:46:57 PM by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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