Deficit Spending NEVER Makes Sense

I just started reading a book about how to improve one’s finances. In the first few pages of the book he introduces himself and presents reasons why he is worthy of our listening to his words of advice. One reason is that he’s had much academic training but quickly goes on to state that he won’t blame the reader if this doesn’t impress because so many people having great marks in academia have such low marks in doing what’s right; especially in spending other’s money and with government spending.

It’s interesting that on page ten to make a point about deficit spending in our personal lives, the author speaks about deficit spending in government. Here are his words:

Deficit spending never makes sense; it’s like trying to come back from where you‘ve never been. But some politicians have seized up it as a means of buying votes from their gullible and unsuspecting followers. Poor voters. They never dream that the funds for the “free benefits” always come right out of their own pockets.

Have you read the news or listened to anything about the state of the government’s affairs recently. Does this sound exactly like what’s happening this very day? I think so. Now this is what’s interesting. This book is ?The Money Book for King’s Kids by Harold Hill and copyrighted about 25 years ago in 1987-but it sounds like something your favorite talk show hosts said yesterday.

If we don’t learn from history we are doomed to live it again. However, with continued deficit spending, it will be our children and grandchildren who will suffer from our choices we make today. Please be the man or woman you should be and do what is right for the future of this great country.