Sunday, September 29, 2013

The D-word

We've been talking about it for a long time.  We pretend we can actually avoid it indefinitely.  I've been hearing it a lot more often lately.  It's the D-word.  DEFAULT.

Based on everything I've read, the United States of America will inevitably default on it's enormous financial obligations some day.  Forgive us for being human, but Dave and I are really hoping that day isn't Monday.  We have just under $13,000 in personal debt left after cars, student loans, and credit cards, and - all things being equal - I'd rather face the catastrophic economic downturn with no debt at all.  But I guess we're better prepared than most.

All the same, I'd rather eek out another year . . .

I keep posting this trailer, but it is an excellent documentary.  If they raise the debt ceiling again, all that will buy us is time.  Use it wisely.

1 comment:

  1. Do not pay off dollar debt. Buy gold coins. After the crash, cash in one gold coin, pay off the debt with that and keep the rest.