According to Wikipedia:
"A budget deficit occurs when an entity spends more money than it takes in."
Which I interpret as you're broke. Simply put, if your creditors were to come for their money all at once, you'd never be able to pay them. I can never understand the rationale of spending what you don't have. Similar to credit cards, loans, etc. It is just plain irrational to assume that you will be able to cover the debt in the future. Most people live in the now, and not plan ahead for the future.
I am so glad I am free from debt and bills (well I pay my bills ahead of time), and it is sad that
America is run on a credit system.
I do wonder if we as a planet will ever go back to the times of Mesopotamia. Only natural things of value traded and no confusion about what's right and what's wrong. Simply and eye for an eye, whatever you accept as valuable to trade for whatever I want from you. This would be so much of a better world.
(http://www.mesopotamia.co.uk & http://www.crystalinks.com/mesopotamia.html). The money system has its benefits and disadvantages, but when combined with the system of credit, there does not seem to be any fair play among creditors (or the ones who control credit).
On the other hand, if you are naive enough to think that you will be able to pay back a large sum,
without considering social, economic and disaster factors, you're probably one of those people who has ruined credit or lost their home, car, etc. since the financial crisis hit rock bottom.
By no means am I bashing anyone, but being a rational person, I find it rather stupid to pay for anything for half your life. Look at a house, almost 80% get reposessed and you do not get your money back. If you can't pay, it (your house, car, etc) gets foreclosed, taken from you and the bank makes 100%+ profits, while you are left with nothing. Yet, the government continues to help these rip-off corporations while you suffer. The government is supposed to be for the people, by the people. However, it sure looks like its for the corporation, by the corporation, now that its down to the nitty gritty.
People don't seem to realize that the government is "SPENDING" on their behalf, so ultimately, WE THE PEOPLE is in debt (to who you might ask?). To china and every other stake holder, including the International Monetary Fund (IMF).
I was 100% for obama as a great change in spectrum for the white house, however, its clear that he is in way over his head at this point. The talk of change, although he did and still is working towards this goal, fueling corporations do not instill change. People are still loosing jobs and corporations are raking in big profits and free money from the stupidity of government thinking that these companies will hire more people now that they have more money.
If I had the attention of the american people, I would say this;
"My fellow americans - No, I am not american by birth I was born in Jamaica - But regardless I face the same struggles you face each and every day. I urge you to employ responsible measures to take back the power you have instilled in a body that has caused you grave harm. Be apart of the decision process that determines your life, your family's life, and your future as a whole. You are the ones who have given the government the power it needs to control your life. Now you need to get involved, make your voice be heard, help create the laws, help modify the rules, recreate the court systems, take back your power and use it to your benefit, not the benefit of the wealthy and the oppressing bloodsuckers. Take pride in building an economy that florishes on what you have, not what you had, or what you will have. We live in the now, not tomorrow, or yesterday, we need a system of government that is aware of our needs FIRST, not second to foreign policy! Think about these powerful words and as always, the choice is yours. Get your pens, papers, computers, printers and start gathering and reforming your system of government from local, state, federal and government levels!"
