Friday, March 1, 2013


With all the talk about sequester and all the bickering in Washington an American wonders what all this fuss is about?
I follow the news and understand the government has spent more money than it takes in. I understand the country needs to pay back its debts. I understand the economy is on hold and there is no option for a way out.
Overall it seems like simple math.
Not to be one who has always balanced my checkbook or who has not gone to the grocery store and written a check to be surprised that the check will not be accepted or have even been served for lax payments on taxes, I have learned the basics of budget.
Even in latter years, creating budgets with across the board raises for nominal employees, maintenances of daily work, and possible expansion of productivity there seems a rational balance to make.
What money was allowed and what price was desired? This is common economics. So why can’t we follow it?
Credit made a big impact on our economic balance. Borrow what you want and cannot pay for at the time and then slowly repay the creditor.
What rule made the amount you can borrow? A borrower could access your banking accounts and wages and determine what your accesses are really worth.
Then there was the interest on the pay back. Did anyone ever think about that? What is the interest on a trillion dollars?
It seems we are enjoying the day of easy money without the consequences.
Maybe it is time to bite the bullet and pay the bills?
Oh well, welcome to the sequester.


Art said...

So one group likes to spend, and provide services and one group like to have taxes low.

It's both less spending (cuts) and more income (revenue)

TripleG said...

The Iraq War cost just short of a trillion dollars (at least what's on the books). At least we got value there!