I read THIS ARTICLE today on CNN.com.
I am reminded yet again of why I am on this crusade.
In the United States, we are being taxed at the highest levels ever YET the government (people that WE elect) are spending it even faster.
Guess what? Whether you are dealing with four dollars, four million dollars, or four trillion dollars the fact remains that INCOME – OUTGO = EXACTLY ZERO.
Why don't we have a balanced budget that also has debt reduction in it?
I thought about this question for a few minutes, and here are some reasons I believe we do not have a balanced budget.
- It is hard to tell ourselves "No."
- It is even harder to tell others "No." Especially people we care about.
- There are a lot of good causes out there, and we want to fund all of them.
- Elected officials who cut spending for their district run a high risk of being run out of office.
- The "I'm going to put America on a budget." campaign speech is about as appealing as the spouse who announces "We're going on a budget." Instead of thinking "financial freedom" (that's what I think of when I hear the word "budget"), most people think "NO!", "No Fun!", and "Boring" and believe that it will be incredibly restricting, constricting, and beans & rice all of the time.
- Many people do not typically think toward the future. It takes time, effort, and organization to think about the future implications of such financial management. Many Americans are hugely short of time, effort, and organization.
What are you thoughts?