Blogging With Ike

"Men give me some credit for genius. All the genius I have lies in this: When I have a subject in hand, I study it profoundly. Day and night it is before me. I explore it in all its bearings. My mind becomes pervaded with it. Then the effort which I make, the people are pleased to call the fruit of genius. It is the fruit of labor and thought." - Alexander Hamilton

Sunday, June 14, 2009

Pay-Go, Now?

Obama has decided that the country now needs a pay-go system for spending in government. This system in and of itself is a good thing. It is like the governemnt being on a really good diet pill.

however to balance the budget there are two things that are required. When any of us has a budget shortfall we need to do one of these two things.

First: we can increase revenue. This means we need to go out and get a second job. Ask for a raise, find something to sell. In government parlance this means to increase taxes. Any tax increase in government is a zero-sum gain. This means that we have to rob from one and give to another.

Second: we can decrease expenses. This means we buy ground beef instead of steak. We buy the cheap TP with bark in it instead of the nice quilted stuff.

Now for the real question. When was the last time government cut expenses/cost? The answer us simple. NEVER!

This means tax increases on everything.

So how is that hope and change working out for you.


Here is a great video that shows the wonderful cuts have made so far.

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