Friday, January 30, 2009

Stop the Bleeding

To our federal lawmakers:

What don't you get about the word "deficit"? Who cares if it's 819 Billion or 888 Billion. Why do you continue to spend money the United States doesn't have? Here's just a few examples I received from the American Family Association:

" * $20 million "for the removal of small- to medium-sized fish passage barriers." (Pg. 45 of Senate Appropriations Committee report: "20,000,000 for the removal of small- to medium-sized fish passage barriers)
* $25 million to rehabilitate off-roading (ATV) trails (Pg. 45 of Senate Appropriations Committee report: "$25,000,000 is for recreation maintenance, especially for rehabilitation of off-road vehicle routes, and $20,000,000 is for trail maintenance and restoration")
* $34 million to remodel the Department of Commerce HQ (Pg. 15 of Senate Appropriations Committee report: $34,000,000 for the Department of Commerce renovation and modernization")
* $70 million to "Support Supercomputing Activities" for climate research (Pgs. 14-15 of Senate Appropriations Committee Report: $70,000,000 is directed to specifically support supercomputing activities, especially as they relate to climate research)
* $150 million for honey bee insurance (Pg. 102 of Senate Appropriations Committee report: "The Secretary shall use up to $ 50,000,000 per year, and $150,000,000 in the case of 2009, from the Trust Fund to provide emergency relief to eligible producers of livestock, honey bees, and farm-raised fish to aid in the reduction of losses due to disease, adverse weather, or other conditions, such as blizzards and wildfires, as determined by the Secretary")"

Don't like these examples? How about this list from the Wall Street Journal:

"There's $1 billion for Amtrak, the federal railroad that hasn't turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects."

This is akin to me saying that I need a vacation, but I don't have the money so I'll take out a loan to finance this 'trip of a lifetime.' And then when I return, I'll want to buy a baseball stadium, so why not increase that debt again. After all it'll only be a small percentage of my budget. Never mind the fact that by borrowing money I can't pay back I'm not only paying more than if I had saved my money for it.

Of course it's absurd that I would act this way, not to mention buying a baseball stadium that I'll NEVER afford.

It's equally absurd that you our government leaders want to spend money on honey bee insurance and remodeling a government building with money WE DON'T HAVE.

Now I'm not saying that debt is 100% wrong. After all, I have a mortgage. But I've structured the debt in such a way that I won't be in trouble even if I lose some income. There are good and wise uses for borrowing money. But it has to be part of a plan where there are good solid returns for such investments.

When does it stop? When will common sense prevail? My guess is when the world stops spinning and all of us fall of this rock, then and only then will you stop your stupid way of thinking.

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