Joined
·
1,875 Posts
I was sitting down and revising the family budget tonight, unexpected car repairs means that there's going to have to be spending cuts in some non-essential areas this month in order to stay in the black and not have to dip into savings. The entire exercise got me thinking of our national budget and spending.... In many ways the simple family budget reflects a national budget. Some spending is fixed and essential, some variable and essential, and some is entirely discretionary. My definition of a successful budge is one that takes care of the essential items, allows for luxuries and entertainment when possible, leaves a little surplus, and does all of this while staying in the black.
Quite simply, the U.S. has to increase income, cut expenses, or some combination of both. Any ideas how this could actually be accomplished? And would the population, used to entitlement spending, tolerate these changes? Or have we already reached a point where there is no hope for recovery?
Just getting some discussion going...
Quite simply, the U.S. has to increase income, cut expenses, or some combination of both. Any ideas how this could actually be accomplished? And would the population, used to entitlement spending, tolerate these changes? Or have we already reached a point where there is no hope for recovery?
Just getting some discussion going...