So here is the scenario: Your family is spending twice what you are bringing in. You have been taking pay advances and borrowing money to cover the shortfall. Despite a recent decrease in income, you decided to spend even more money, so that you will feel more prosperous.
But the car broke. You need the car for work. You estimate it will cost $10,000.00 to repair. You have no cash, so you borrow $10,000.00 from a Chinese loan shark. But the car repair only costs $4,000.00.
You celebrate, and make immediate plans to spend the remaining $6,000.00 on a trip to Vegas. You do so, and upon returning, find that the car is still broken.
If you think that sounds like a good financial plan, you are ready for a job in the Obama Administration.