This debt crisis thing just has me enamored. It's very revealing the attitude in Washington and exposes that they just don't get it. They think it's okay to have an open line of credit, and have absolutely no intentions of living within their means, well most of them don't. Here's the worse part, we're not complaining as much as we should. How can freedom loving Americans sit back and allow politicians to run this country into the ground silently? Perhaps they just don't understand the math, maybe if all those zeros and commas weren't in place it wouldn't confuse them.
Here's an easy example!
Your annual income is $20. You spend $35. You need to either cut the spending or raise your income, because you've been borrowing the extra $15 bucks from others for so long, you owe them $140. The people you've borrowed the money from have said, "no more, enough is enough." You've asked your boss for a raise, and he told you your making all he can afford to pay you. What does a reasonable individual do?
First, you make a budget, and live within those guidelines. Secondly, you sell off any assets you've accrued to pay down that debt. Third, you never borrow another dime. Period, end of discussion. It's not rocket science, it's called living within your means. Is it going to cause some sacrifice? Absolutely! Is it worth it in the end? Freedom, economic or otherwise is priceless, that's why people die trying to obtain it.