Sunday, March 1, 2009

What is a budget?

a summary of intended expenditures along with proposals for how to meet them; "the president submitted the annual budget to Congress"

Right.

We're taking a course right now on how to get out of debt and create a financial future. We are learning how to budget and how to stay within that budget. Maybe Congress should talk to Dave Ramsey. The Government makes only as much money as it can collect in taxes but they budget billions and now trillions for spending as if that will be collected intaxes thus saddling our grandchildren with debt. The biggest problem with this process is the excess and diverting of funds that create a need for more income. For instance, money that went to Louisiana which should have been used to upgrade the dyke system was earmarked to help expand the barge throughways. This when barge traffic is decreasing. The result was disaster when Katrina hit. Also a great deal of money goes to the school systems. However, only a fraction of it goes to teachers. The rest goes to administrators and unions. If Congress stopped this nonsense, and spent the money wisely, we could get by with a smaller budget and still maintain a strong and stable America.

2 comments:

Norris said...

If I ran my business like the Feds run the country, I would have been bankrupt and sued a long time ago. It's always a pleasure to read comments from like minded individuals. Have a good one Patrick.

Patrick! said...

Nice to hear from you old friend.