Deficits! Overspending! Beaurocratic waste! Putting our children in debt for all of the government programs! Spending our childrens future now!
These are very common phrases and thoughts almost daily.
In our current ecomonic climate almost every state in the union wants to raise taxes to balance their state budgets. Only they are to balance their budgets with income, not by borrowing and paying off with future taxes.
|R.D. Skidmore, Prof.|
California recalled their governor in response to fiscal mismanagement, squandering a 10 billion dollar surplus, and then balancing a state budget with borrowed money to cover a 38 billion dollar deficit. The voters are aware that the their legislature actually had a hand in creating the states spending plans. And California’s governor could have exercised “Line Item Veto” to remove all overspending, but he didn’t and was replaced.
When all branches of government are controlled by one party, fiscal restraint is uncommon; especially when you want to be the party who can buy votes. The end result is that Joe and Jane Lunchbox end up paying for it, and what is not paid for is passed on to their children.
When it comes to economics a modern day version of the ‘Little Red Hen’ may not appear to be a quotable authority on economics but then some authorities on economics aren’t worth quoting. I came across this verson in ‘Hoard’s Diaryman’ some 30 years ago, I hope you like it:
Once upon a time, there was a little red hen who scratched about the barnyard until she uncovered some grains of wheat. She called to her barnyard neighbors and said, "If we plant this wheat, we shall have bread to eat. Who will help me plant it?"
"Not I," mood the cow.
"Not I," quacked the duck.
"Not I," grunted the pig.
"Not I," whistled the goose.
"Then I will," said the little red hen. And she did. Her wheat grew tall and ripened into golden grain. So the little red hen asked her neighbors,"who will help me harvest my wheat?"
"Not I," grunted the pig.
"Out of my classification," whistled the goose.
"My seniority will be lost," quacked the duck.
"Unemployment compensation would be jeopardized," mood the cow.
"Then I will," said the little red hen, and she harvested her wheat.
And it came time to bake the bread. "Who will help me bake the bread?" asked the little red hen.
"That would be overtime for me," mood the cow.
"I'd lose my welfare benefits," whistled the goose.
"Dropping out I never learned how," quacked the duck.
"If I'm to be the only helper, that's discrimination," grunted the pig.
"Then I will,"said the little red hen, and she did. She baked five bread loaves and held them up for her neighbors to see.
Her neighbors saw their beauty, and smelled their freshness and they all wanted some. In fact, they demanded their rightful share. But the little red hen said, "No, I and my chicks can eat the five loaves ourselves."
"Excess profits!," squealed the pig.
"Profiteering leech!," honked the goose.
"Equal rights!," demanded the cow.
And the duck quacked in too!
And the animals painted "unfair" picket signs and marched round and round the little red hen, shouting their slogans, and their obcenities.
When the government agent came (a new legislative lgal appointee), he said to the little red hen, "You must not be greedy."
"But I earned the bread," said the little red hen.
"Exactly," said the agent. "That is the wonderful free enterprise system. Anyone in the barnyard can earn as much as he wants, but under our liberal government regulations, the productive workers must contribute their product to the idle."
Well, the barnyard calmed down, and the animals lived happily ever after, including the little red hen, who smiled and clucked, "I am grateful, I am grateful."
But her neighbors wondered why she never again baked any more bread.