Monday, November 26, 2012

Falling off the Fiscal Cliff

John Stossel did a piece on the spending of the Federal Government. Below is the link:

http://www.youtube.com/watch?v=FdgyJ6styW4

It's called the Money Hole. I'm shocked by how politicians spend our hard-earned money.

Some of these "grants" include:
  • Testing how fast shrimp run on treadmills
  • Massive Alpaca farming tax deductions
  • Robots that fold laundry
  • And many many more
Why are we paying for this stuff?

Government just loves to spend money. It's easy to spend other people's money, especially when you can print more when you've gone over budget.

Is this how we got to the Fiscal Cliff?

I wonder what would happen if we fell off the Fiscal Cliff. It will probably mean that the Government will be forced to spend a little less. That's it.

It's a good start. Anything is better than this deficit. No country is able to sustain this. Look at Greece!

Our children and grandchildren will be paying back our deficit many years from now. Maybe falling off the Fiscal Cliff is just what we need.

No comments:

Post a Comment