There are many times in our lives that each of us has to eat our own words. The U.S. Congress seems to be inciting a riot among the constituents. At a time when true unemployment exceeds 16%, and most of us are tightening our belts, the U.S. Congress is spending money in reckless abandon. We are moving towards a $100 Trillion overall liability and nobody seems to care.
![[Congress to Buy Eight New Planes]](http://s.wsj.net/public/resources/images/NA-AZ520_JET_F_20090806153827.jpg)
The Congress is ordering eight new planes at a cost of $550 Million. See: http://online.wsj.com/article/SB124960404730212955.html What adds insult to injury is that these planes will cost $66 million each, $17 million more than the sticker price of $49 Million. With the soft aviation market, current street prices are about $43 Million. See: http://blogs.wsj.com/wealth/2009/08/10/why-is-congress-paying-66-million-for-a-49-million-jet/ One of their complaints is that there current fleet of airplanes has to refuel more often. How disappointing! Congressmen are taking more trips to other continents (with their spouses) on “fact finding missions”. C’mon. How many facts will you find on a three week boondoggle to Europe with the spouses getting in the way? It sounds like we all need to become public servants to get in on some of that lovin’.
What are they thinking? At a time when many Americans are trying to pay the rent, 545 people in Washington are rubbing it in their faces. The tax revolt tea party is being fueled by these less than prudent acts. Are the lawmakers so disconnected from reality to believe nobody will notice as they take liberties in these times?
Is the mortgage situation getting any better? Deutsche Bank believes continued declines in home values will increase the number of US mortgagors with negative equity from 14m in Q1/09 to 25m in Q1/11.
See: http://www.housingwire.com/2009/08/06/deutsche-sees-48-of-all-us-mortgages-underwater-in-2011/ The green shoots the media speaks about may just be weeds. The financial hole we’ve been digging for years may be too large to fill. Our children and grandchildren will be the recipients of this generation of reckless spending.
Our Heavenly Father speaks of blindness of men. Otherwise intelligent people are taking actions that will ultimately come back to haunt them. As an observer of this blindness in action, I marvel at the preciseness of the Holy Scripture and the unfolding of the end of an age.