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Spending is our problem, not our revenue

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Posted: Saturday, October 20, 2012 12:00 am

It is Oct. 20 and you have run out of money. You have two choices: Suck it up until payday, or get a loan. If you get a loan, you have to pay it back.

Now the state of California and the United States are out of money, so they get a loan. There is an exception here, though — they don't have to pay it back. You, or "we the people," have to pay it back.

Let's say you can go to Bank of America tomorrow and borrow a trillion dollars — except you don't have to pay it back, your neighbors and friends have to pay it back for you. Do you say, "Well, OK, let's get another trillion,"?

What happens when you are given money with no responsibility on what you do with it, or to pay it back?

In November, Jerry Brown has a tax increase on the ballot. Send them a "NO" message.

Do you remember the song in "The Sound of Music," "I Am 16, Going on 17"? Well, the United States is $16 trillion going on $17 trillion in debt. You can actually sing it to the tune: "We are 16, going on 17 trillion dollars in debt."

The problem with this is that the people borrowing the money not only don't have to pay it back, they probably will be long gone when it does, and they have provided no leadership or ideas on how to pay it back.

Once and for all, we don't have a revenue problem — we have a very bad spending problem.

Dennis Vetica


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