The national deficit…who’s fault is it?

June 15, 2007 at 9:33 am Leave a comment

You can hardly read anything in the financial news media that doesn’t touch on the national deficit and the government’s seemingly lack of action to get out of it. This morning, I read a couple of posts on Debtective.com and Five Cent Nickel that talked about this particular topic. This will not be a political rant, because, in my opinion, it’s not a political problem. Let me explain.

I believe that the government is simply a reflection of the people they govern. When you look at statistics, the average American has nearly $9200 in just credit card debt. That’s not including car loans, student loans, mortgages, or any other type of loan, just credit cards. Looking at that figure, how can we as a society expect the government, which is made up of Americans, to do any differently than we are? To me, it’s a pot and kettle thing.

It’s like most things in life, you have to get your house in order before you expect others to do it. Maybe I’m on to something, maybe I’m not. What are your thoughts on the subject?

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Entry filed under: Soap Box.

Books…taking recommendations Budget busting month of June

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