What is Fiscal Responsibility?

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We have a new Administration.  We have a number of States who can’t seem to balance their budgets. 

Here’s the deal: I balance my checkbook. I have no choice: if the money isn’t there, I don’t have the luxury of some sort of fiscal “chicanery”. The money is either there, or it isn’t.

Most state legislatures’ budgets specify the same:  “If the revenue isn’t there, we cannot spend it”.

But, they seem to think that they are exempt from the checkbook algorithm for some reason. States are running up deficits, and now they want Uncle Sam to bail them out (along with all the other “bailout” suitors)

They are not to be allowed! You don’t go to the Federal Government to allocate taxpayer revenue to “fix your problem”. What you do is to have a plan that enables your state to assess its revenues and adjust the budget to become deficit-neutral.

Just like you and I  do every month with our checking accounts.

What am I talking here, Greek?

Lets get our financial houses together and stop the bullshit, both in State Congresses and Federal Bodies.

You want to have a balanced budget? Then go ahead and  balance it, you fyookin’ morons! 

We’re on track for a multi-trillion dollar deficit with this BULLSHIT! 

Who do we think we’re kidding?

THERE IS NO SUCH THING AS A FREE LUNCH.

Somebody has to pay.

Fix  it now, or wait till later.

Its a lot less painful to fix it now.

Peter has been active on the C# and other MS newsgroups, has had samples at gotdotnet.com (now codegallery.com) that have been downloaded over 56,000 times, and has written numerous articles for eggheadcafe.com, for which he is a co-founder, and MSDNAA sites. He has also been a technical reviewer on books from Prentice Hall, Manning and other publishers. Peter was a Microsoft MVP for 10 years. Peter was born and raised in New York City, and after a stint as a jazz musician playing contrabass with the Robert Hunt Trio, migrated to sunny Florida, where he was hired as a rookie Financial Consultant at Merrill Lynch in Orlando, specializing in Corporate Services. It was at Merrill that Peter realized computers and technology were his forte. He spent his last few years at Merrill developing real – time computerized trading and and stock charting program using advanced technical analysis indicators, some of which are his own inventions. In 1997, he moved on to architect and serve as lead developer on a number of innovative web-based and middleware solutions for the healthcare and financial services industry.

Comments

  1. Unknown1:17 PM

    Peter - lol.

    You guys had the chance to vote for Ron Paul, but instead you put McCain up against the worst spendocrat you guys have ever SEEN!!!

    Watching from abroad, Ron Paul was the only candidate I saw who uttered the magic words "Where's the money gonna come from??".

    ReplyDelete
  2. peterbromberg1:38 PM

    No, we didn't have the chance to vote for Ron Paul. He wasn't nominated.

    ReplyDelete
  3. Unknown8:43 AM

    Somebody voted McCain into the running, they didn't just draw straws.

    ReplyDelete

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