Let’s start with a story.
Imagine that you just moved into a house. It’s beautiful. It’s spacious. It’s warm. Inviting, even. Of course, there is a mortgage to pay. At first, the mortgage isn’t bad.
“This price for all of this? Fantastic!” you exclaim.
Then the mortgage begins to creep in on the things you like to do. No more vacations. No more gadgets. So what do you think to do? You borrow. As you borrow, you know, some day you will have to pay it back.
“Someday”, you say.
Then someday comes. The debt is huge. Should you pay it? Should you be responsible for the borrowed money? Of course, this will mean making your overall mortgage payment a little bit more, due to your usage, and the enjoyment of your usage.
Why is our story so different than the situation the U.S. finds itself in today?
The point: Ask Your Target Market (AYTM), an online research company, released a study saying that people would rather have higher debt than higher taxes.
Fiscal cliff? Puh-lease.
Fifty-Six (56%) of respondents said that they would rather have a higher national debt, and pay fewer taxes and have government programs. Only 42% said they would rather have a lower national debt, pay more taxes and have fewer government programs.
We have created a society that wants everything but refuses to pay for it. People want government programs, but low taxes. People want free access to information, but no advertising. Television with no commercials. Theaters without the expensive candy.
Conferences without the sales pitches.
The list goes on.
In a country where the phrase “no free rides” got popular, it seems that a free ride actually isn’t all that bad.
We cannot go on living in a nice house and refuse to pay for the furnishings. It doesn’t make sense.
Ah well, I guess we’ll see what happens.