Why Can’t The Government Live Within Its Means?
By Ilene Davis, CFP // October 27, 2013
Imagine America as one big family. Some family members work, others don’t.
Now imagine that this family has maxed out its credit cards, taken equity out of the home for more discretionary income increasing the cost of keeping that home, and spent it all on donations to charities, vacations, camp for the kids, going out to dinner regularly, and so on.
If this family is like most, the workers in the family are unlikely to be able to go to their employer and demand a wage increase, or even a loan, just because they mismanaged the income they had.
What a sensible family would do, rather than increase their debt even more, is to cut out every expense but the very essentials for survival, sell off any “stuff” they haven’t used in years, get out of debt, and start living within their means.
Why can’t the federal government do that? I’ll bet if you actually looked at each federal worker to see exactly what they did for the tax dollars they receive, many of those jobs could easily be done by the private sector, and funded by willing customers, not by taxpayers forced to finance services they neither want nor need.
For a new and compelling perspective on the role of government, check into a speech given by Davy Crockett, congressman from Tennessee’s 9th district from 1827 to 1831, entitled “Not Yours To Give.” I encourage you to read it.
Ilene Davis, a resident of Brevard County since 1971, is a Certified Financial Planner with a bachelors degree in Mathematics from the University of Michigan, a bachelors degree in Accounting from Rollins College, and a Masters in Business Administration from Webster University. Ms. Davis became a stockbroker in 1982, earned her designation as a Certified Financial Planner in 1984, and with a desire to serve clients more on her own terms, opened her own financial consultant office in Cocoa Village in 1986. She is committed to helping each client create their own “Financial Freedom Fund,” and believes strongly in free market capitalism and a “hand up rather than a hand-out” as the best path to prosperity.