Instead of more credit...we need less credit

The elected officials seem to think that in order to get out of debt, and ease our disastrous credit situation, it will help to go in debt further. That has never worked with my personal finances...It always seems that the more money I spend that I don't have, the deeper I get in debt and the deeper I get in financial mayhem. But maybe it works differently for governments. Let's test some other scenarios:

1. I have a severed artery...I am losing blood fast...to increase my blood supply and my well being I should...
A. Close off the existing whole.
B. Cut open another artery.

2. I have a ranch with lots of cattle...I leave the too many gates open...I am losing lots of cattle. To fix this problem I should...
A. Close the gates.
B. Open more gates.

3. My homes' water supply is from a well which replenishes at a limited rate...I have left several faucets turned on and I am running out of water...To remedy the situation and replenish my well I should...
A. Turn off the faucets.
B. Turn on more faucets.

If you chose choice A on the above scenarios: Congratulations!!! You have a higher IQ than our current politicians.
If you chose choice B on any of the above scenarios: Congratulation!!! You are now qualified to run for public office.

As can clearly be seen through the above examples, in order to fix our current financial problems, we need to cut back a little on our frivolous spending, and on all the excesses for sure. To assist in this, I am issuing a decree that...there will be no more credit other than homes, cars, and education...and these will be limited to that which makes sense. No more credit for big screen TVs, new cell phones, fancy clothes, video game systems, vacations, etc. We are going to institute a new concept...or should I say an old concept that has been forgotten. It is called "delayed gratification", or "saving". It is where you earn something before you get it. Like in school...you have to work and learn...you don't start out with all the smarts...what would be the point of school then. And in life...you don't start out with all the goodies. First you work, then you save, then you buy. I know it is kind-of old fashioned thinking and won't make sense to many at first, but we'll all catch on eventually. So...start saving. And don't just wait to enjoy the destination...enjoy the journey!

Sincerely yours,

The King