Geniuses walk among us here in Georgia. Yes, true financial visionaries.
I’m speaking — as if you didn’t know — of Tom Graves, a freshman congressman from North Georgia, and Chip Rogers, the state Senate majority leader. Through their personal financial dealings, the two leaders have pioneered a strategy that on the national level has the potential to rescue the United States from its debt problems.
All it requires is a little imagination. That, and utter shamelessness.
The story begins as so many stories begin these days: Graves and Rogers suffered a financial setback. A few years ago, they borrowed $2.2 million from a North Georgia bank to invest in a motel in Calhoun, and signed personal guarantees for the loan. But the project never panned out. Faced with the reality that they would be unable to repay the money they had borrowed, our heroes turned to the type of American innovation that has made this country great and may yet be its salvation.
Truly, it was genius.