In mid-January the credit card bill for Christmas arrives. What shape will you be in when you open that envelope(s)?
Perhaps you’re one of the few who never spends beyond their savings account. My grandmother was like that. I’ll never forget the advice she gave me shortly after graduating college and purchasing my first car on credit. I asked her experience with car loans. She replied, “Scott, if we didn’t have the cash, we never bought it.” She lived her life that way. That was in 1991. She was 82. I wish she was here to visit my kids, and now my grandson, to impart such wisdom.
When was the last time you looked at the US Debt Clock? If it’s been a while, I would strongly urge you to check it out at www.USDebtClock.org. I implore you to look a number that isn’t today’s current debt of over $ 20 Trillion, but the Unfunded Liabilities number, which due to commitments we have made, which aren’t funded, adds to our current debt. As of Sunday, our republic’s Unfunded Liabilities was over $ 111 Trillion. Stated differently, that’s over $ 111,000,000,000,000.00. Watch the pace that number grows.
In short, we are creating one hell of a credit card bill for our grandkids and great grandkids.
I am sure when the bill comes due, they will be happy they provided us such a tremendous, decades long spending spree. What do you think? #Sarcasm.
Personally, I think our descendants will look at our lives and ask, “Why did they do this to us?” They, being us collectively. Then our descendants will look at our personal lives to ask, “What did he/she do to prevent this bill from being delivered?”
Personally, I believe our national overspending and overcommitting to spend future dollars, as a republic, is a national security issue. Furthermore, I do not believe our elected leaders, or the deep-state bureaucracy in Washington, DC is capable of reigning in our collective appetite for spending our descendant’s future income. I believe spending beyond our means as a nation is a non-partisan, non-respecter of person issue. It should concern every one of us, regardless of race, creed or party. Furthermore, I believe it is a moral issue. Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” I would assume the opposite of this Proverb is also true.
I do however believe there is a solution, and that is called The Convention of States. https://conventionofstates.com/. If you are concerned about the debt bill we are sending to our future generations, I would encourage you to do three things:
- Go to https://conventionofstates.com/ to learn about this process for yourself.
- Watch a debate on this issue, which is between two personal friends. In this case I agree with Michael Farris.
- If you live in South Carolina, please consider joining your fellow South Carolinians at the State Capitol on January 17th as they meet with State Legislators about this Constitutional process. You can find more information about this event by clicking here.
I’d like to mention The South Carolina Senate Majority Leader Shane Massey, who serves most of us as our State Senator fully endorses Convention of States, and will be involved in the January 17th event mentioned above. I greatly appreciate Senator Massey for leading in this effort. I also appreciate my State Representative Bill Hixon, who supports this effort and Representative Bill Taylor who has spear-headed this effort in South Carolina, and is known nationwide for his efforts.
In closing, one of the best things we can do for our great grand-kids is to get our republic’s debt-house under control. More next week!
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