Diary

Captain Obvious, President Obama, and our unsustainable debt.

Herself of Maenianum Secundum categorizes her response to President Obama’s recent comments about our ‘unsustainable‘ debt load as ‘Captain Obvious‘:

Solution: Stop spending and then we won’t need to borrow any more money.

You’d think that it would be a Captain Obvious moment, wouldn’t you? Alas, my own (depressing) experience has shown me that there’s a whole list of things that people should know, but don’t know, because everybody who could have told them had assumed that it was already common knowledge. So, here goes:

Spending more money than you have is a bad idea. You will eventually need to find a way to pay it all off, and all of the ways of doing so are deliberately designed to be not fun.

So, don’t do that.

As I said: depressing that this is necessary.

Moe Lane

PS: Honestly, if I had the money I’d send a copy of How Much Is a Million? to every freaking member of Congress and the White House. I suspect that part of the problem is that they don’t conceptualize the money being tossed around.

Crossposted to Moe Lane.