Borrowing lots of money causes problems
The Department of Understanding Humans ( D.U.H.) today announced one more of their radical conclusions.
Debt causes big problems and can lead to entire civilizations collapsing.
People want “stuff”, said the leader of the research group. “It seems there is an endless desire that people have to get more and more things, so they buy now and pay for it later. However, when later comes, they have problems paying off the debt.”
“We just don’t know what to do about it”, the spokesman said. “We tried setting up banks for people to save money, but less and less people want to put money in the banks. They just want the banks to loan them more money so they can get more stuff. The borrowing habit really caught on right away, and then most of the governments also thought it was fantastic to be able to print money any time they felt like it, and pay it back with interest to the Federal Reserve Bank later, when there were more people in the country to pay. The governments knew that all they needed to do was make the public pay back the debt, so they weren’t very concerned about it.”
“It’s strange”, he continued. ”Almost all of the countries have tons and tons of people now, growing every day, but there never seems to be enough taxpayers to pay off the government debts. It’s a real challenge,” he said, ”because the taxpayers are getting kind of angry by now, even though they already have a lot of stuff. Plus, people keep asking the government for more things, and that makes it tough.”
Study will continue…
A spokesperson from USA said, ”We are going to set up a new study to figure out how to solve this. One possible solution is to bring a lot of new people into the country who don’t know much about taxes and debt. That will help a lot,” he said, ”because they won’t complain. Some of them can’t even speak our language, ” he said. ” Another thing we can do is make the rich people pay all of their money back to the government. They should be grateful anyway that they had a chance to make so much money in the first place. They can easily get more money,” he said, “especially if they work in a bank, or if they sell investments to people.”
“Another approach governments can take is to print lots and lots and lots of money so there’s enough for everyone to have all the stuff they could possibly want. Then they might become happy enough so they wouldn’t mind paying more taxes and just go about enjoying all the stuff they have.”
As always, D.U.H. continues to work on this problem.
Critics have asked the Department to look into why people need so much stuff in the first place, and why governments don’t use the money they have for important things, like paying the debt off.
“Some cultures in the past were totally against debt,” said one of the research consortium’s leaders. ” We’re not sure how they managed, but they did. But, a study of history showed that many cultures fell apart completely when everybody owed so much money and nobody could make any payments. What happened is that finally, after everything apart, people generally agreed not to owe each other, since nobody had any money anyway.”
“It all works out in the end, ” said the professor.
Mr. and Mrs. Shopper
