Questions
If someone is an alcoholic – do you give them another bottle?
If someone is a drug addict – do you give them their favorite drug?
If someone is overweight – do you give them candy?
If someone can’t live within their budget – do you give them more money?
If someone is in debt over their head – do you give them more debt?
Comments
We have given money to companies that were too big to fail.
We have increased the size of government when private corporations have been forced to cutback on employees and expenditures.
We have increased national debt to a point that recovery may be impossible.
We have forgotten that value is created in the private sector not the government sector. The government sector exists to do one thing only and that is to serve the taxpayer – not the other way around.
We have unemployment (U-6) approaching 20% and some would suggest in excess of 20%. We have hired people in non-value adding jobs (many of them in the public sector) which are only temporary support to the overall economy.
Solutions
We need new solutions to old problems:
1. No tax increases – period.
2. Current level of government at all levels must be reduced by 10%.
3. Government expenditures must be limited as a % of GDP (% never to be increased or GDP never to be gamed).
4. Congress must be subject to any legislation that they pass for the taxpayers (pensions, social security, healthcare, etc.)
5. Lean processes must be implemented across all levels of government.
© 2010 – Jim Lindell