- 12/11/2012
The Grown-Up Approach to the Fiscal Cliff
Now it might be completely understandable that a man brought up in the jungles of South America might not comprehend the concept of credit, but when an American brought up in the US education system believes similarly, one must wonder what is in the curriculum. Our people have the idea that the government gives things out for free. But the stark reality is that credit cards come due, the balance needs to be paid, and our government simply does not have the money. Any wise consumer knows that borrowing money to buy groceries cannot go on for long.
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