Friday, December 23, 2011

1645 Skinny Dipped

Read an interesting statistic the other day. Americans last year filled 254 million prescriptions for pain-killing opiod drugs like OxyContin and Percocet. That would be enough to medicate every American adult around the clock for a month.
On the face of it, that sounds pretty bad. But really, if you were in chronic pain, wouldn't you want to be medicated around the clock for a month? Maybe 2 months, or 3 or 4? If your pain doesn't go away, it doesn't go away. OxyContin isn't like taking an antibiotic. It doesn't cure anything.
It's like a payday cash place, it just masks the underlying issue and kicks it down the road. Don't cure the problem—medicate. That's the American way.
Speaking of the American way, I read another statistic. It may be one reason why the top 1% stays tippy-toppiest. American Airlines is filing for bankruptcy. American says rising labor and fuel costs have left them with an "uncompetitive cost structure." Bankruptcy proceedings will allow it to rewrite its labor contracts and shed some of its $29.6 billion debt.
So hey, putting aside for a moment the whole outdated moral notion of honoring a contract, I think we've found the answer to our upside-down mortgage crisis—Chapter 11.
Rising food and fuel costs have led to an uncompetitive position in my personal housing market. How about I rewrite my labor contracts with my builders and sub-contactors and shed some of my debt with my bank?
Sorry bank, no offense. I'm not lowering the monthly payment I promised to pay you. I'm shedding some debt.
Shedding debt. Like my loans are so many extra layers of clothing. I’ll skinny dip my way to financial freedom.
Or maybe just refill that prescription for OxyContin to mask the economic agony.
America, ya gotta love it.

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