by Catherine Fenton
NewsdayAs a humble person, I've always felt that if it's good enough for the federal government <Bu$h Administration> it's good enough for this girl. Therefore, I decided my finances should emulate our government's system. That's the day I embraced deficit spending and made it my own.
As it turns out, I'm really good at it. I wasn't surprised. Humble I may be, but I can't help recognizing that I have certain talents. I took to deficit spending with credit cards the way Dr. Phil took to spanking. <SNIP> Soon, I had a closet full of sumptuous leather boots and Kate Spade handbags, with the outfits to match. I also treated myself to a state-of-the-art entertainment system, including a plasma television. I couldn't help but agree with the electronics salesperson when he informed me that I "deserved it."
I was about to get it, too. I was surprised by the first calls from the banks. Thinking they perhaps did not understand the new economy, I helpfully explained it to them. One woman laughed so hard she never did catch her breath.
I hung up on her. After a few months, the laughing stopped. In fact, they were getting downright nasty with me. "I'm projecting myself to be in a credit balance in 8.2 years," I informed them. "In fact," I smugly continued, "I will have my deficit cut in half within 4.1 years." "You have a net worth of close to zero," one bank's representative told me, "and you owe out over $22,000." <SNIP> "Girl, you are in serious trouble, and unless you face up to reality, and start being reasonable, it's going to go badly for you," she had the temerity to say to me.
I scoffed. "Reality? Reason? That's the old way of looking at things," I told her. "It doesn't work that way anymore. When I act, I create my own reality." I had to hang up the phone then because she was laughing again. <SNIP>
More at
http://www.newsday.com/news/opinion/ny-vpfen144145006feb14,0,7788348.story And sooner-or-later, the Asian and European central banks that are financing the Bu$h deficit will also pull the plug...