Originally Posted by
Retiredat38
Consider this if you will. Except for the scale of it all, how different is the AMA from our own Federal Government?
Deficit spending, growing debt, pork barrel pet projects and the list goes on. And look at the individual citizen? Using credit cards to make credit card payments. Tax and debt relief help being offered on TV and other media. On line/smart phone help to improve credit ratings. No need to be responsible, Uncle Sam will simply print more money and call it a stimulus. And this has been going on now for generations as well as being taught in our schools. Bottom line is the public doesn't know any better with such education and examples leading the way. This is the new normal. Ecomonic ruin not only for the AMA, but the nation as a whole.
Our country has a credit driven economy. So perhaps people are used to borrowing.
But, unlike the government, the AMA does not get to just print more money. Ever since the US got off the gold standard, I believe in 1971(ish) under Nixon, our government had the ability to just print more money.
Since the AMA can't just print money, they are one day going to hit the end, assuming that the trend that Franklin points out continues.