26 July 2011
The Debt "Crisis"
Anyone care to solve the debt "crisis"? My own view is that our politicians aren't willing to apply sound, honest business principles to running our federal government. How many corporations can stay in business by spending more than they earn year after year? At the first sign of declining profits, they would initiate cost-cutting strategies, such as reducing spending and reductions in staff. Think any of our politicians are willing to give up any of their staff or reduce their spending? So how will they reach a compromise? First off, increase income by raising taxes, exempting themselves, of course. Next, announce a "reduction in spending"; translated, that means reducing the rate of planned spending increases. Isn't it time we stopped voting for politicians and elected some businessmen/women to better manage this country's finances? I'm ready.