Quote:
Originally Posted by Bill14564
Would you do this with your personal budget? If you needed to save money would you cut your grocery, water, and electricity spending by the same percentage as you might cut your cruise, airline, hotel, or restaurant spending? Or, would you determine what is essential (food, water, A/C) and what is not-so-essential (cruise, hotel, restaurant) and cut the non-essential items more?
|
This seems so logical, until you acknowledge that the public sector does not need to operate like either a business or person financially. If they did, they would have declared bankruptcy long ago. They can simply bail themselves out by printing money (federal) or increasing taxes (state, county, municipal). Until they can't. And that's when you have a HUGE problem.