Tuesday, April 24, 2012

Obama Admin: "Party like there's no tomorrow!"

Here's the one thing no one in Washington seems to understand--working for the U.S. Government is analogous to working for an insolvent business.  The Government is "broke." It hasn't had a budget passed by Congress since Obama became President. It is in fiscal crisis--expenditures exceed revenues by whopping figures-- and it pays normal, routine costs, by borrowing money (much of it "Chinese"). What's even worse, is that the debt is so out of control that the indebtedness being "run-up" won't be paid by the present generation, but by our children, grandchildren, greatgrandchildren . . . .

But everyone, from Obama on down, lives in an "unreal" world. In the real world, any business in the same situation as the federal government would be taking actions to restore fiscal soundness. This administration has taken no such meaningful actions. Yes, to avoid a downward spiral in recessionary times, government spending should increase on "infrastructure"--at least infrastructure has long-term ROI. But the Obama administration spends money on "other things" like a drunken sailor--except a drunken sailor spends his own money whereas the federal government spends "other people's money"--taxpayers, Chinese, etc.

A day of reckoning is coming, in the meanwhile watch the "hogs at the trough:"

Panetta says he regrets cost of trips home - San Jose Mercury News: "Based on fuel and other operating expenses for his Air Force plane, the 27 trips have cost the government as much as $860,000. Typically Panetta flies on an Air Force C-37 — somewhat comparable to a Gulfstream jet . . .  Panetta's two predecessors didn't make such frequent, long trips home. Robert Gates spent most weekends in the nation's capital, but traveled occasionally to his family home in Washington state. Donald H. Rumsfeld also lived in the D.C. area, but often spent weekends at his house in St. Michaels on Maryland's Eastern shore. . . . "

After the reports of the GSA Las Vegas scandal and the above, and the many, many other examples that abound in Washington, I have the following suggestion as an Obama campaign slogan--"Party like there's no tomorrow!" Indeed, after November 6, 2012, there may be no "tomorrow" for the Obama administration.


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