A long, long time ago I asked a dear your friend to help me pick a stereo system. Back then, a system consisted of a tuner, amp, tape deck, speakers and turntable. If you were not an aficionado you could get the tuner and amp in one piece, which is what we did.
We got really great stuff, no question about it, and I had a primo stereo system that lasted a very long time. Problem was we exceeded my budget by about 50%. Let me say that again. We exceeded my budget by about 50%.
My friend was very happy. He knew he got me a great system and since he was really into sound and music and gadgets, well, from his standpoint he’d done me a great service and really helped me out. This was all true.
Me, I was happy. I liked the system. It made good sound, for sure. But it had cost too much and it was a bit too complicated for me. I had to learn how to use it. I wasn’t all that interested in learning and ended up never using it to its full capacity. It was too complicated and too much for me. And it had cost 50% more than I could afford.
I love my friend. We’ve been friends for more than sixty years. It was easy for him back then to spend my money. It was easy because it wasn’t his money. I could have spoken up and told him not to exceed my budget, and he would have listened to me because he was my friend. So it’s not about blame or anything of that nature.
The point here is very simple: it’s really easy to spend other people’s money. He’s a great friend. He was excited to help me out and exuberant in fulfilling his task. He really wanted to do me a solid and of course he did.
But…
He exceeded/we exceeded my budget by 50%.
Exceeding my budget meant that somewhere, somehow I had to skimp on some things.
Last time I looked, I’m not like the government. I can’t print money to cover my expenditures, and working for myself, if I don’t have a product to sell or customers to buy my product, I can’t generate wealth. If I spend more money in one area, I have to cut in a different area. If I exceed my income and deplete my savings, I go broke.
Also unlike the government I can’t print money to cover debt. If I can’t pay my mortgage, I’ll lose my house. If I can’t pay for food, I’ll have to go without eating. Needless to say, if I can’t make my car payment, you guessed it, they’ll repossess my car.
Once a regular person like me gets into that, it’s a snowball effect. If I lose my car, I can’t go to work. Then I can’t pay my credit cards, so those banks that the wonderful Barack Obama reformed will charge me more than 25% interest. My debt now continually increases more and more rapidly, interest on interest and I end up destitute.
But that’s what they want, isn’t it? For everyone to owe them? They want us to be enslaved yet to not think so.
Bottom line: you can’t give up the store. So let’s be nice. Let’s give the Despicable Democrats the benefit of the doubt and say they really want to help us, the American people. (I don’t believe that for a second, but let’s say…) Even so, they can’t do it by giving up the store. They can’t in and of themselves generate money/income/wealth and so they use ours to pay for all the welfare/support programs they want to continue. Now they want to initiate new ones too.
It simply doesn’t work and it can never work. For, as Margaret Thatcher intimated, sooner or later you run out of other people’s money.
The Democrats, and it’s only for their own power, will give up the store. Think it’s a coincidence that the majority of the states needing bailouts are Democrat-run? If we let them, they will squander everything the American people have worked for simply for their own power and self-enrichment.
It’s time we looked at the books and admitted some facts. Government does not generate wealth. It spends other people’s money. If it keeps giving up the store, sooner or later it will implode.
