If you have never co-signed a loan, let me give you some advice. Never, never, never do it. Not, for your mother, brother or favorite child. Give them money if you have to, but don’t co-sign a loan. Doing so, puts you on the hook for payment and there are too many variables that can affect that outcome.
Having said that, you have just co-signed a loan for another trillion dollars or so. When the government decides to take out loans, you are the co-signers. A perfect example of why I just told you not to sign. We have a group that loves to borrow money that you will pay back. Government has no means of paying a loan except taxes and “fees” and therefore you are left holding the sack.
If government were to be told that we will no longer pay more, somebody somewhere would start to try and manage on what we already have.
I have a dream. That someday the American people will wake up and realize before it is too late, that they have to be involved with what the government does.
Dreams sometime come true.
PMO
©2015
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