Government Must Live Within Means

The Government as well as private individuals and business must learn to live with their means. Let me get to the point. Over the past few weeks, there has been much debate about raising the debt ceiling. I have planned to write this letter many times, but I kept putting it off. It is time to stop procrastinating and voice my thoughts.
It is time to get real. It is time for Congress to start living like the American citizens it serves and learn that you cannot pay debt by borrowing more. Doing so only digs the hole deeper. This is something I teach the students I teach through my Wisdom Steps 101 (Managing Finances According to the Bible) lessons.
Here are the simple cold hard facts. It is going to be extremely difficult, but we as a nation must find a way to start living within the financial means we have. If we do not do it now then we will have to do it at a later date and then it will be harder to make the necessary cuts.
As hard as it is going to be, we must do it. That is the cold hard facts. Time for our political leaders to get a backbone and make the hard decisions. Let me elaborate a little further if you will; I actually believe the first cuts is the money spent on these 3 unfunded wars. Bring our troops home. Let these three countries sort out their own problems and stop being the world's policemen. That would save millions. I have studied finances under Dave Ramsey and Larry Burkett. My teachings through Wisdom Steps 101 is very similar to theirs. Our involvement with NATO in Libya is a waste of money. That doesn't mean I don't agree with the war effort there, I wish Reagan had taken care of Kadahfi years ago when he had the chance, I am speaking purely on an financial perspective. Like grandma used to say, if you don't have the money you can't afford it.

Raising the debt ceiling is basically borrowing to pay other debt. The only problem is we increasing our debt to do so. We must make cuts NOW rather then later. We can do it without increasing taxes. If you or I had hug credit card debts or whatever debts we wouldn't be able to just increase our wages at a whim. We would have to make cuts, cuts that might hurt. Perhaps cut out the cable and/or eating out and work hard with much focus to eliminate that debt. We might even have to get a 2nd job to help speed up the process.
What are the cuts that should be made? I don't know, I am not in Congress or the White House, but as I said the 3 wars would be the first things I would choose based purely on the finances.


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