Here's a simple question.
Suppose something unforseen happened, for instance your financial manager suddenly disappeared with all of your money, and you found yourself in debt.
Suppose to pay for that debt you increased the debt limit on your already-maxed credit cards and then borrowed a lot of money to "pay down the debt".
Would you be regarded as:
a. Screwed
b. A genius
By increasing our debt ceiling and then our borrowing, after having risked the farm on a trickle-down scheme, George W. Bush is either:
a. Screwed
b. A genius
Bush's Social Security Plan likely to Require Vast Borrowing
If you answered:
a and b: You are in denial
a and a: You are realistic.
b and a: You cannot admit your own mistakes
b and b: You should let someone else manage your money.
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