“Keeping Financially Balanced in an Unbalanced World”
A Federal Deficit means there is no revenue to cover the expense.
Imagine if you managed your finances the same way what would that mean to you?
Well your Credit Score would go down quickly.
Your loans would generally be at a much higher interest rate.
Your mortgage lender may be foreclosing on your house.
You might even have to declare bankruptcy.
So what do huge deficits mean to the Federal Government?
Well their lenders may very well stop lending to them (Think China),
absent large lenders they would have to print more money. If they print more money the value of the dollar will continue to fall. If the value of the dollar continues to fall then inflation and possibly hyper inflation will begin to occur. The end result of this is the middle class in the USA will begin to disappear unable to survive quickly rising costs on every day items, those who have excess money may use inflation to make them wealthier, but the middle class will largely join the lower class as their purchasing power drops.
But the Federal government has one thing standing in their way…That is you and I, we can and must stand up and use our vote and our voice to pull them back from the brink of spending our country into bankruptcy. They should be:
“Keeping (our country) Financially Balanced in an Unbalanced World”