Of all the things done poorly in Texas, including the extreme regressive tax, appalling school system, lack of insurance for our children, income distribution gap, lingering backwards thinking, among many other thing, there is one thing that Texas can be applauded for: operating on a balanced budget.
America would not be in the sinking position we are in today if it were not for credit. Obviously, credit has helped us achieve many of the things that made us the most powerful nation, but irresponsible spending can be deadly, literally. Maxed Out is a small documentary on the credit spending of America. In the movie four people commit suicide because they let their debt get so out of hand. I believe that the bad example set by the government, leads people to believe it is ok to spend what they do not, and will not have. This is not ok. If we do not shape up, we will continue in the disastrous downfall as a nation.
Texas on the other hand operates on a balanced budget, meaning what comes in is the same as what goes out, similar to a debit card. This is a very responsible way to lead a government. While it can sometimes mean budget cuts, and making compromise, it is the RIGHT thing to do and hopefully can set an example as the nation continues to fall apart.
If we, as a nation and a people, can recognize this deadly habit, and work to change our attitudes about what we “have” to have, maybe we can save our country’s economy and our children’s future. If we do not, I don’t know what this country will look like in 10 or 15 years, but I know it will be scary. It is unacceptable to say that we “cannot” live with out credit. If a government in charge of the well-being of a state of 24 million can operate a balanced budget, we as people and families can too.
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Money is susceptible to inflation because of the enormous amount of printing on a national level. Though you make a great point in balancing a budget, it's hard to balance something that has already toppled over. Without a backed dollar, a state government spending properly is almost purposeless. There is no limit and no end to the amount of spending that our government allows. The government isn't saved by our taxes, it has been sustained by borrowing billions from other countries. Borrowing, not because they don't have the means to write more blank checks, but to make it seem that money doesn't magically appear. So our nation's debt grows exponentially and the citizens get left with the tab.
ReplyDeleteFor the government to spend properly it needs more than an example, it needs a economical revolution. More focus needs to be put on infrastructure, rather than policing other nations. I agree, there is great significance to balancing a budget but the most Texas can do is put a small bandage on a gaping wound.