If your spouse was unemployed (approximately 50 percent of all U.S. citizens pay very little or no federal income tax), but spent 43 percent more than you earned (our federal government borrows 43 cents for every dollar spent), what steps would you take to remedy this situation?
Cancel all credit cards (federal loans from China), which you have allowed your spouse to use, which she has used to supplement your paycheck (federal revenue) and enabled your family to live above your means.
The only other alternative would be to eventually file a Chapter 7 bankruptcy petition.
Congresswoman Jaime Herrera Beutler, R-Camas, has responded, “It’s time for the United States government to be required to live within its means, just like the state of Washington and the great majority of the citizens in the Third District (Southwest Washington).”
She has further stated that the time has come for the adoption of a constitutional amendment requiring our federal government to balance its budget (expenditures less than or equal to revenue).
Michael G. Langsdorf