Wednesday, October 10, 2012

Economics 101

The government needs to start doing what it is asking its citizens to do - when times are rough (no jobs, no raises) - and bills are hard to pay, you need to cut back on your spending.

I've worked my whole life - since I was 10.  I don't mind paying taxes and expenses that are associated with my everyday living.  But I've earned the money and I want to spend it the way I see fit.  I'm tired of the government giving my money away to people and causes I do not support.

The government continues to spend money, even though they don't have it.  Cutting back is not in their vocabulary.  If I don't cut back or I spend more money than I earn, there are consequences that I will have to deal with - credit card bills that I can't pay, mortgage payments that won't be met and the threat of bankruptcy. 

In order for the government to have a financial plan like every working U.S. citizen should have, it needs to enact long term reforms for entitlement spending, especially Social Security, Medicare and Medicaid and enforce long term spending rules to get us out of debt.  Long term is the key phrase here. 

We didn't get in this dire situation over night.  It will take time and determination to resolve this crisis, but if Congress never has the courage to start the process, then they are just going to continue wearing their shoes out kicking the can down the road .  Of course, they can always buy more shoes with taxpayer money. 

No comments:

Post a Comment