When I was broke I did the same thing the government is doing – kept adding to the debt and consolidating loans and eventually I was unable to borrow more, then unable to pay, then almost lost everything. We had to change our lifestyle drastically for quite some time to correct the problem. If we had done it sooner it would have been a lot less painful. But at least we didn’t wait any longer than we did – that would have been disastrous.
If we think our economy has been tough the last several years we need to imagine how bad it’s gonna be when other countries are no longer willing to lend to us. Imagine how bad it’s gonna be when we can’t pay all the bills we owe to those countries. Now imagine how much worse it’s gonna be the longer we wait to stop borrowing and cut spending.
How many national parks will have to be closed? How many furloughs will have to be mandated? What programs will they finally decide to cut or manage more diligently? What entitlement programs will they finally decide to steward more wisely? How many jobs will be lost in that process? How much higher are taxes going to go in that process?
I’m no economic genius but I don’t think it takes one to see our governomics ain’t working. Our governomics budget hasn’t REALLY been balanced in decades. Robbing from funded programs to “balance” the budget doesn’t work without adequately cutting or killing the robbed programs. When my family has to rob from our vacation fund (social security for example) to pay for an emergency (war on terrorism for example) then we have to either delay vacation long enough to replenish those funds or we have to cancel the vacation indefinitely. What we don’t do is try to fund everything using debt we hope to repay. Hope doesn’t pay bills.
Our governomics hasn’t addressed the poor spending behavior that has gotten us into this position. When my family has to decide between eating out every night or getting to have a nice vacation we have to choose which one is more important.
Unfortunately the approach our government has been taking just continues to produce the same results – it’s the ole insanity thing – “continuing to do the same thing and expecting different results.” The band aids aren’t working. It’s time to rip (not slow peel) the band aid off and take drastic measures stop the bleeding so our economy can begin to heal. Governomics doesn’t work for individuals and it won’t work for our country. It’s time to go further than the “change” politicians promise. It’s time to TRANSFORM our country by getting rid of governomics and start using the peoplenomics that apply in the real world the majority of us live in.