It looks like Congress is getting ready to pass another $410 billion worth of spending. Here. This is on top of the $700 billion passed last week. All in all, this will be nearly a trillion dollars spent beyond the regular federal budget – in one month.
So much money, I almost can’t believe it. Why can’t government live frugally? Clearly government will have to pay down this debt, eventually. It can’t be avoided and there is no bankruptcy option. Let’s hope this doesn’t affect our wealth as a nation too much, but I’m afraid it will.
Best,
James
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DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've been up to our eyeballs in debt and have made tons of financial mistakes. However, we've successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
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