For starters, I typically don't post anything over here on this political discussion forum; however, I'm just about at my boiling point with the trend in government spending.
Personal Finance 101 is simple. You don't spend more than you make. Thus, if your income goes down, you should also decrease your spending.
However, the federal government has been doing the exact opposite. With all of the job loss and tax revenue decreases, the federal goverment is expanding in size and scope. Stop the madness!
Now, today, I read about how the House Democrats are coming back from a recess (which just began) to spend another $26B of taxpayer money. This time to "bail out" individual states who have been operating for so long in the red, they don't think any other color on the spectrum exists. Imagine this, one of those states would be California who expects to receive $1.5B of the bailout money.
When will those elected officials begin to understand the idea of fiscal responsibility (i.e. balanced budget)? The current trend cannot be sustained, period...which means difficult choices and decisions will only get harder the longer will prolong the inevitable.
Personal Finance 101 is simple. You don't spend more than you make. Thus, if your income goes down, you should also decrease your spending.
However, the federal government has been doing the exact opposite. With all of the job loss and tax revenue decreases, the federal goverment is expanding in size and scope. Stop the madness!
Now, today, I read about how the House Democrats are coming back from a recess (which just began) to spend another $26B of taxpayer money. This time to "bail out" individual states who have been operating for so long in the red, they don't think any other color on the spectrum exists. Imagine this, one of those states would be California who expects to receive $1.5B of the bailout money.
When will those elected officials begin to understand the idea of fiscal responsibility (i.e. balanced budget)? The current trend cannot be sustained, period...which means difficult choices and decisions will only get harder the longer will prolong the inevitable.