Saturday, April 9, 2011

The US government’s budget stalemate

The US government’s budget stalemate – It shall surely be interesting to see what our fearless (fearful) leaders 'accomplish' over the next several months as they attempt to hash out a budget for our federal government. A budget process that has thus far been less than efficient and effective and politics free!


It makes things interesting when you take into context the basic financial issues that our country currently faces –

1) the belief that government spending is always the first answer to any problem…and still more spending, even if it comes at the cost of significantly higher levels of leveraging our future, is always exponentially better!

2) the age of entitlement has been so ingrained in America's psyche over the last 60+ years thus creating a large and growing portion of our populace that truly believes that the government owes them (ie: is obligated to take care of them from birth to death)

3) the notion that the government has ALL the money available that we shall ever need or want and it will cost us nothing because fewer and fewer of our citizens really know, or even want to know, where the money actually comes from!

4) the role that special interest plays in the grand picture – money is power and power means accommodation and accommodation means the continuing sacrifice of freedoms for everyone else

5) iconic, ‘has been’ legislators that no longer know what daily life in America really is about – they have lost touch with the people who do the living and dying and working and raising kids and paying the bills and spending within their means! Many of these ‘long in the tooth’ congress people have been living in a congressional fantasy land for far too long…

6) and finally – who will be willing to relent in their desire, their drive, their addiction to gain power (the power that spending other people’s money and leveraging to the hilt brings) - the never ending struggle to gain more power and control…