José Can Say So - I’m Broke and It’s the Government’s Fault
You might’ve heard that last week I filed for Chapter 7 bankruptcy. The government has drained my bank accounts, and the way they hit you with penalties and interest makes it almost impossible to pay anything back. And it’s my duty to warn you: It can happen to anyone.
Things spiraled out of control for me due to a combination of being hit with judgments and liens and taxes and my income being cut short because my wages were garnished. When you owe the government—whether it be state or federal—they are relentless when it comes to getting their money back. They institute incredible penalties and interest that almost makes it seem like they want to enslave you.
Recovering from something like that is very difficult. It’s like swimming in the ocean. Once you get out past 100 yards, it looks like 200 yards and the farther you swim the harder it is to get back to shore; you’re just swimming around forever and you can never reach the other side. The vastness just keeps expanding and expanding and expanding, by which I mean penalties and interest. Obviously, I’ve got issues from the past, but it just becomes so overwhelming that you’re not even swimming anymore. You’re just underwater, sipping air—sipping life even—through a little straw that’s sticking through the surface. It’s the most frustrating, unnatural thing I’ve ever had to go through—constantly being suffocated, choked out, and wondering if I could survive until the next day to make more payments on whatever I could.
For the last five or six or seven years I’ve just been trying to, well… live. I’ve been evicted from homes, lived in friends’ converted garages, and bounced from house to house. Putting money into my account became a terrifying activity because there was a good chance the government would immediately confiscate it. Things got to the point where even my daughter Josie—her last name is Canseco—was drained one time. I think she said that they returned it, but anything relating to the Canseco last name became a nightmare. Let me tell you from first-hand experience, the IRS are a bunch of thirsty piranhas. They bled me dry.