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Debt Ceiling? What Debt Ceiling?

Guest post by: Michael Hume

Article Overview: The other day, we're driving down the road, and I see a big AWESOME boat and trailer parked out in front of a dealership. "Cool!" I say. "I'm getting that!" But Colonel Wife was all, like, no way we could afford to spend that kind of money. But I go, "Ridiculous. We'll just raise our Debt Ceiling...".

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Debt Ceiling? What Debt Ceiling?

It's A Myth... Kinda Like "Social Security" The other day, we're driving down the road, and I see a big AWESOME boat and trailer parked out in front of a dealership. "Cool!" I say. "I'm getting that!" But Colonel Wife was all, like, no way we could afford to spend that kind of money. But I go, "Ridiculous. We'll just raise our Debt Ceiling."

I know as much about boating as the federal government knows about medicine. So, logically, it seems reasonable that I should spend money I don't have to take over something I don't know doo-dah about, especially if it puts me over my so-called "limit." Come to think of it, I don't have enough houses, either. And I don't own a single private jet.

I hear talk on the radio contraption about the Evil Republicans getting all uptight about government spending, and caterwauling about how they won't vote to raise the "debt ceiling" until the People's Democratic Party agrees to adjust spending levels from "Naked Through The Woods" back down to "Drunken Sailor." How sophomoric. Like there's really some kind of mythical debt limit that prohibits us from borrowing more money. Since when? If you increase it every time you get close to it, how can you call it a limit?

Our Fearless Leader, doing his best to reach out to the Evil Republicans by playing golf with the Speaker of the House and giving speeches, proclaimed that he was open to spending reductions (and, reportedly, he got that out with a straight face)... as long as tax cuts for "millionaires and billionaires" are ended. No more corporate jets. No more tax breaks for rich oil companies making obscene profits.

No more jobs for (or tax revenue from) people who design, build, and sell corporate jets. No more jobs for (or tax revenue from) people who do the five bazillion things necessary to bring gasoline to your car. Right on, Mr. President! Stop the madness! It's not like we want people getting away with old-school capers like starting a business or building wealth.

I was hitting my ninth shot on a particularly challenging hole at the local golf course the other day. My buddies suggested such a performance was going to be bad for my scorecard. But that's just because they don't know anything about how golf is played in the new era. I had already increased my par for that hole, what, five times? I figured, what's three more?

Like the president, I am highly educated. I need not be limited by such mythical constructs as "par" or "debt ceilings." I'm far too enlightened for that.

Now, as for my new boat: where do you put the gas, and where's the brake pedal?

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Home > Small-Business-Consulting > Michael Hume > Debt Ceiling What Debt Ceiling >
Article Tags: entrepreneurship, inspirational leadership, personal responsibility, wealth building

About the Author: Michael Hume
RSS for Michael's articles - Visit Michael's website

Michael Hume is a speaker, writer, and consultant specializing in helping people maximize their potential and enjoy inspiring lives. As Founding Consultant of Agents of Personal Change (APC), LLC, he coaches executives and leaders in growing their personal sense of well-being through wealth creation and management, along with personal vitality. Those with an entrepreneurial spirit who want to make money "one less thing to worry about" can learn more about working with Michael at http://tinyurl.com/myownbiznow  Anyone wanting to jump-start their vitality can browse through the best (and most travel-friendly) nutraceuticals on the market at http://www.vibeforme.com/239824 Michael and his wife, Kathryn, divide their time between homes in California and Colorado. They are very proud of their offspring, who grew up to include a homemaker, a rock star, a service talent, and a television expert. Two grandchildren also warm their hearts! Visit Michael's web site at http://michaelhume.net 

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Getting something for nothing? Getting something for nothing? - This is a tough one because it's hard to get something for nothing. There are two forms of financing - equity and debt. Equity is when you give up a part of your company / invention / idea in return for money or services. Hopefully the person you are bringing on is someone you can work with because you are now partnered until you sell or close down the company or buy each other out. Debt is when you borrow money so you aren't giving up a piece of your company but you have to pay the money that you are borrowing back. If you have a solid credit history or tangible assets then you can get it from the bank. If you don't have either then you can get private money but the interest rates will be higher (10% or more). Since every month you'll have to make payments you'll have to think about how long it will take you to start bringing money into your business from your invention. Either way you're giving up something in return for the financial help.The only other options I can think of are government grants that you don't have to pay back or befriending people who want to help you because they like you and by doing so they are being rewarded (very hard to find!) Good luck!


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