August 03, 2011

When it comes to Federal spending, What we have learned in 2064 years

What have we learned in 2,064 years


         "The budget should be balanced, the Treasury should be refilled,

         public debt should be reduced, the arrogance of officialdom should be

         tempered and controlled, and the assistance to foreign lands should

         be curtailed lest Rome become bankrupt. People must again learn to

         work,  instead of living on public assistance."


                                                                -  Cicero    - 55 BC


         So, evidently nothing.


Now that we the people have the attention of DC on Federal spending, are we sure they think as we do and mean the same as we do in cutting spending?  This comment by John Crawford of Michigan speaks to how they are approaching the cuts in spending now (8/2/2011 debt extension), while passing off true cuts to future Congress:



John Crawford
You and your family are living paycheck to paycheck on your salary and after 15 years of marriage, you have been able to save a whopping $713.22 in a savings account and you have $4,988.43 in an IRA. You make about $49,000 per year and you... have about $48,000 in bank and credit card debt. And your car is on its last legs.

You decide that you need a new car. The car that you want and would look really good in is a new BMW 760 Li. So you and your wife take one out for a test drive and you mentally park that Beemer in your garage. The one issue that you pause over is that the BMW 760 Li will cost you $107,412.28 - IF you paid cash for it; MORE if you finance it.

You go home and think about. The next day, you decide to be smart and go out and by a brand new Dodge Grand Caravan Mini-Van for $27,412.28.

You are now in debt for the $27, 412.28, PLUS taxes, insurance and interest payments - BUT YOU GET TO ANNOUNCE TO THE WORLD THAT YOU JUST CUT $80,000 out of your household spending!

Is there any surprise WHY very few Americans trust their government any more?

We need constitutional conduct to guide our Federal spending cuts which will take time to do with entitlements converting them to private HSA/IRAs, creating a 90% cut in federal spending.  And we need FairTax as the consumption tax to make jobs to afford not only the transition to constitutional conduct, but to afford our own lives.
If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.