It seems as though our local, state and federal governments are not as inclined as their citizens to tighten their proverbial belts. Stockton, California is the latest (and largest) of our cities to declare bankruptcy in the face of rising expenditures and lower tax revenues. Rather than make hard decisions, live within their means and feel the pain now, they continue to increases taxes, borrow money and rob Peter to pay Paul until the inevitable happens - insolvency. And then, they scream, cry foul and demand - you guessed it - more tax money, because, heaven forbid, if the people don't pay up children will go hungry, poor, helpless single mothers will be forced to live in poverty and the wealthy elite (who should have been paying their "fair share" from the beginning) will take over the world, re-introduce work houses and trample on the human rights of the under-trodden. Oh, the inhumanities!
But, in all of the wailing and gnashing of teeth, you will never hear a confession of guilt. Not once will the government officials stand before the taxpayers and humbly admit that their overspending, poor stewardship and wanton excess was, in fact, the greatest contributing factor to the fall of the civilized world. They will never beg forgiveness, right their wrongs and move forward with honesty and integrity. Our leaders, in fact, are not the least bit repentant for the part they have played in the dismantling of our nation.
Budgeting is not a matter of politics and rhetoric, but rather a matter of not spending more than you make. Many a Professor of Economics can lecture We the People on the complexities of federal budgets, tell us that we "can't possibly understand", however, we know the truth. The truth is that you pay what you owe, you don't spend more than you bring in and you always have at least six months in reserve for a rainy day. Plain and simple. When your income decreases, you expenditures must decrease. And yes, it can be painful. It can hurt. But it has to be done.
Yep, but it won't be. It won't even be considered until it's far too late.