"When the people find they can vote themselves money, that will herald the end of the republic." - Benjamin Franklin;
"And when politicians find that honor and character matter less than buying votes and a constituency, that too will herald the end of the Constitution. When that happens we must work tirelessly to change their minds, or their occupation!" - Hoping The Blind Will See

Tuesday, February 2, 2010

Economics For Dummies (Congress, Are You Paying Attention?)

Ok, so you're in good shape. You take home $50,000.00 a year - awesome! Uh oh, you just did your 2010 budget. With all your utility and household bills, your discretionary spending for entertainment, clothing, household projects, and charity contributions, and your grocery bill you realize you need $55,000.00 for the year. Crap, you're on a fixed salary. Now what? Well, you have 3 options.

1. Get a second job.
2. Reduce your expenses
3. Borrow the extra $5000.00

Well, #1 is off the table. You can't get a second job, because your commitments won't allow it. And #2 can't be considered because you like the amount and types of food you eat, the entertainment choices you make, and the clothes you buy! And you certainly can't get a less expensive car! Well, that's ok, let's borrow the money! Awesome!

Uh oh, that's gonna add another bill to your monthly expenses. Oh well, let's not worry about that right now. We'll figure it out as we go. Maybe we'll need to borrow more money to help pay our additional bills down the line, we'll see. Yeah, that's a plan! Ok, I feel better now.

Does this sound like good fiscal management? Then why are we allowing our government to do it?

Time To Get Up America! We Have Work To Do!!!

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