If the American Government was in Small Business

Well its mid morning here in Australia and it “appears” that a debt deal has finally been struck in the USA.

So that means everything is now OK, right?

Not so much. Even if it passes Senate approval today, it’s made of 100% Grade-A bullshit.

Here’s the deal from what I can gather … America will officially max out its credit card today, unable to pay its bills unless the credit limit on that card is increased.

Normally, a REAL business would do two things if they found themselves in this position…

1. Drastically cut spending in dramatic and meaningful ways… Typically that includes firing employees, closing down locations, halting future development, etc…
2. Fire the leadership team who put the company in that position.

And that’s exactly what America should be doing…

But here’s what just happened, and it’s much worse than you thought…

In order to justify increasing the debt limit, and therefore placing the US deeper into bankruptcy, Washington didn’t make ANY real spending cuts… All they did was promise to spend LESS than they were planning to spend in the future…