Highest Monthly Deficit
I read an article in the news this morning that identified February 2012 as the highest monthly deficit in history. Our government spent so much more than we took in that the monthly deficit broke the previous record.
The article identified several possible factors that allowed for the record poor performance of our government. They mention Income Tax refunds as a part of the problem. One reason that our country spent so much more than they took in as revenue was because they were forced to return money to its rightful owners.
We all allow the government to with hold money from our paychecks because they don’t trust us to pay them as much as they demand from us in taxes at the end of the year. We’re forced by law to let them have our hard earned money before we get a chance to hold it.
The spending goes on regardless of how much they take in. Why can’t we run a business that way? Just do what we want to do, whether it makes sense or not because that’s how we want to run our business and not have to worry about how much money our business takes in.
Maybe we want to build a park in the neighborhood and name after me so the neighbors will come over and think I’m such a fine fellow and then spend some money on my business. Maybe I want to give away a new suit of clothes to everyone who walks into my office just because they came over. Possibly I will hand out cash to anyone who walks by.
If my balance is less then the checks I write I should be allowed to maintain a negative balance because my intentions are good. Spending to achieve whatever purpose I think I want to achieve should be the driving force behind the business, not making a profit and earning enough money to cover the checks that I write.
Our elected idiots spend with gusto but give absolutely no consideration to how much money is available to cover their spending. It doesn’t work in the business world or in our individual families, why should it work on the scale of the largest government in the world.
When I’m frivolous and stupid with my money the worst I could screw up is in the hundreds and possibly in the low thousands. Our government measures money in terms where a billion dollars could be a rounding error. They spend too much money, that doesn’t belong to them, not to be required to maintain a positive balance in their checking account.
I have a new suggestion. Let’s require them to only get paid and only have money to fund their staffs and operations out of the positive balance in the government checking account.
If the spending over reaches the balance, then the elected officials have to wait to get paid. When their irresponsible spending out spent the revenues, then they don’t get paid. If they were running their own business, they would have to do that. Let’s let the elected officials do the same thing.
I like that idea but I also realize that it won’t work. Those sneaky bastards will find a different way to get paid. They’ll get money in brown paper bags from their puppet masters and outside interests. Apparently there are forces that have more influence with elected idiots than the tax payers and voters. If you’re from Chicago even the dead (who vote in surprisingly large numbers) have more influence on elected officials than the living breathing tax payers and voters.
We need a new class of elected idiots.