XML Feeds
Tags: pay-as-you-go
A Lesson In Home Economics For The President & Congress
By Carole on Jun 10, 2009
Imagine a typical American family. Dad takes out a second mortgage on the house, a home equity loan, borrows against his life insurance and when he runs out of cash and credit holds up a few banks, steals some cars and gambles away the last of the proceeds on a long shot at the track. Mom gladly co-signs all the necessary loan paperwork, drives the getaway car for the stick-ups and stands beside Dad cheering on the nag as it comes in dead last. The next day Dad suddenly tells Mom she can no longer use her credit cards and should manage the household expenses within their means. Think Dad finally came to his senses and realized the error of his ways? Nah, Dad goes to the seedy part of town to meet with a loan shark.
