About this episode
I met a sweet young couple a while back. Even though they had a good income, they were desperately in trouble. You see, they had charged their credit cards to the point where they could hardly make the interest payments anymore. They asked for my advice, and I told them “when you’re in a hole, stop digging.” I did not say “keep borrowing, and make your grandchildren pay off the debt!” I wish our Congress could think the same way. We’re in a $35 trillion hole, and there’s no hope in adults paying off that debt. Our children and grandchildren are going to be paying back the money that we so recklessly borrowed. This is more than mismanagement. It’s a sin against future generations. The past chairman of the Council on Foreign Relations, Richard Haass, criticized the congressmen who would not vote to put our country into deeper debt. Is he just naïve, or is he suggesting the suicide of America? Sponsored by the Caylor Group Wealth Management in Lynchburg, Virginia. Call 434-455-7197
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