The Huffington Post reported today, Detroit’s mayor is set to furlough government employees starting January 2013 in order to help with the $30 million dollar cash shortfall/deficit/overspending/ any other name you want to substitute for not living within your means.
I pray that one day people will see the need for a government to also live within its means; at all levels. It is sad to think some people have no idea why this is happening. They do not understand there is no such thing as “free” with government spending. The money comes from somewhere and government doesn’t have an endless supply of it. We have to hold our elected leaders accountable for their spending ideas.
It is important for all parents to teach their children about financial responsibility and the difference between a want and a need. We all want a lot of things and know that these wants will help people, but at what cost and how will a new want, affect everything else? With this holiday season, the pressure to spend money is very hard to say no to. But the lesson of not spending money you don't have (credit) is priceless. When I was a single father, rasing 3 children under 5 years of age, I remember only being able to purchase a single present [less than $15 dollars] for each of my three children for Christmas. All the rest of my paycheck went to pay for the basic needs for me to have a job, provide a healthy shelter, clothes and food on the table.
Government needs to understand this reality and really do a real audit to see how money is being spent. If you can find ways to cut spending unnecessarily and balance the budget then ok no need to go further. If not, we need to cut the wants out of government before we can’t pay for the needs.
Thanks for reading.