As a young adult I learned that you shouldn’t spend what you don’t have. Pay as you go.

This is an elemental truth about finance that seems to elude our government and many of our neighbors.

Today the President suggested that we need to do this very thing. One week after doubling our nation’s debt. I fear it is to late, and we are to learn this lesson the hard way. What will make it worse is that the current administration will raise taxes. Raise taxes and cripple any hope we have to rise above the world wide recession and start anew.

This also is a lesson we already have learned in the last Great Depression.

Inflation will be the next fiscal plague we will face. Brace for the worst friends, but hope for the best.

This is the “hope” and “change” we have been given.