Feb 03 2010

Federal Spending of other peoples money is Easy.

The budget is out for 2011.  $3,830,000,000,000 is all the feds plan to spend next year.  So what’s the big deal?  The projected deficit would only be 10.6% of our total domestic product.  For the average American making $50,000, it means going into debt of $5,300.  That’s easily managed, right?   So, what’s wrong with the feds operating under the same rules?

Well, it’s year after year after year of adding to that debt.  13 years ago, in 1998, was the last time the federal government spent less than it coerced out of us peons.

The national debt figure is now over $12.3 trillion and climbing fast.  What would your financial picture look like after 13 years of adding 10% to your debt each year. 

So now your daily operational debt has accumulated to $68,900.  Your yearly income is still $50,000.  Now you’re hurting.  How are you going to pay it off?  How will you get it under control?  The debt holders are knocking on your door.  Now, you find it difficult to just keep up with the payments on the interest.  What are you going to do?  You’ve got 2 options: control spending or get more income.  You go get a second or third job to increase your income level.  And considering the seriousness of that debt, you had better do both to avoid bankruptcy.  You had better stop all that extra spending and live within your means.

But then you go out and buy a flat screen TV and add another $2500 to your debt. 

Have you lost your mind?

What does our federal government do? 

Ditto.  The same thing.  Crazy.  

They say the spending more part is needed to keep the operation up and running.  They need to spend it to protect the rest of us.  They will spend it to . . . well . . . keep all the federal agencies operating for our own good, for our collective good, doing things like planning to build walls on the borders, planning again to build walls on the border, start to build walls on the border, but then they get side wacked by a separate federal agency (the environmentalist) and the planning starts over again and all the originally allocated money is spent on the additional planning to satisfy the desires of the second federal agency.

They’ve got to pay those 2.15 million federal workers (the most ever) to keep track of all that we the people do, and don’t do.  We the people can get out of hand now and then, and the feds need to watch us carefully, and that can cause them headaches, more paperwork, more regulations, more mandates and intrusions, more people to do those things necessary to keep up with those things.

But wait, there could be more the feds could do.

Magically, they can snap their fingers, and out comes some additional money that wasn’t there before.  It’s called a printing press.  And then they can hire additional federal workers, make more rules and hire additional workers to enforce those new rules upon the rest of us.

Are they out of their minds?  What are they thinking? 

Oh, it’s really not their money they are spending, is it?

 

It’s time for a brand new class of federal bureaucrats and politicians coming out of the working class people.  No lawyers need to apply.  No professors need to apply.  No investment bankers need to apply.  We need farmers, bricklayers, plumbers, store keepers, truck drivers, doctors and dentists, entrepreneurs, green berets, Navy seals, hunters and fishermen, moms and dads who have kept budgets.  Did I say no lawyers?

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