Savings and Spending

I just heard a good analogy about our current "savings" in the present budget being presented before Congress!

If one has a budget of $40,000 to buy a car and you find a car that you'd really like to buy for $60,000. You decide to stick with your original budget and buy the $40, 000 car. When you get home you brag to others about how you saved $20,000. when you've really spent $40, 000. The $20, 000 savings was only because you did not buy what you desired.

An increase in the budget is an increase in the budget. What is spent over and above the previous year, is an increase, NOT a decrease!

I wonder how many Americans think in these terms in our credit driven economy? Savings is spending, because the market is driven by spending.  Instead of looking at one's income and budgeting to escape debt, one looks at what one wants and budgets based on whether one can afford the payments! This is presumption on the future for fiscal conservatives. And when government owns the corporations and decides that spending is really savings because the "corporations is "saved"....or the individual is "saved"....because of government expenditures! Then, the taxpayer's budget is being decided by the government and its demands upon those that have learned to be productive and/or save! Is this just?

Thomas Jefferson on the Economy and Good Government

I hope for any who might read this....Enjoy it as much as I did....

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world. Thomas Jefferson

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson
My reading of history convinces me that most bad government results from too much government. Thomas Jefferson

No free man shall ever be debarred the use of arms. Thomas Jefferson
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government. Thomas Jefferson
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. Thomas Jefferson

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson


Very Interesting Quote In light of the present financial crisis, it's interesting to read what Thomas Jefferson said in 1802: '

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'

Amen!