And I got to thinking last night - what would happen to me if my hubby and I did this?

We own our own business, we both work.  He works 12 hrs a day at the business and I work at a separate job and in the evening I do the books for the business.  Come October 1st, hubby starts second job that runs thru April 10th or so.  No time for bringing in more income.  We have 4 employees total.  We own all our equipment outright with the exception of one vehicle.

We have owned our current home for 8 yrs, have a mortgage and it is underwater by about $15K.  We have a car payment and owe about $5K total on some misc household purchases and credit cards.  Right now we have a credit limit of about $30K on the cards

Here is my question to all of you?  Should I call our credit card companies and ask to raise my credit limits to say around $100K.   We would like to give our employees "free" health care and have decided that because we work so hard we "deserve" a vacation home.  We found the perfect place and qualify for $200K second mortgage but we would never be able to make the payments and taxes.  So we thought if we raised our credit limit we could pay the monthly payments for the "free" health care and the new vacation home with our credit cards.  Then when that money runs out we will just ask the credit card companies to once again raise the limit.  Or we could go to the bank and ask them to "give" us say $300K to cover everything and then in the next ten years, MAYBE we might be able to cut back on something so we could pay for those things ourselves.