Too Big To Save

Sunday, March 1, 2009, 3:45 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.
Sunday, March 1, 2009

The latest government budget proposal from the executive branch is out, and it's a masterpiece of fiscal irresponsibility.  Clocking in at $3.6 trillion, it sports a deficit that is 12.5% of the projected GDP for FY2009 (fiscal year).   It also displays no sacrifice in any quarter, as everything is funded, and then some.  Sure, the priorities shifted between administrations, but a lack of spending limits did not. 

"But this is an emergency!" we are told, implying that it's not the right time to be pulling in our spending horns.  This argument rests on the assumption that our problems can be fixed through additional deficit spending.  However, the facts suggest that we are suffering from too much debt and too much deficit spending, not the opposite.


Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »


Related content