Every household must address this issue. Do we buy a TV on credit or save until we have the funds to pay cash?
For decades, we as individuals and collectively through our government, have opted for “instant gratification” and gotten the TV now rather than wait. In our view, that, more than any other single issue, is the root cause of our economic mess.
President Obama articulated a wonderful vision of what America could be. Unfortunately, he must figure out a way to pay for it. He had a clear mandate to bring that vision into reality. We wonder just how long that mandate will last. It is getting pretty thin very early in the process.
Candidate Obama clearly stated that he would go “line by line over the budget” to reduce government spending. We are waiting for him to fulfill that promise.
Imagine, if you will, a president who came into office and first cut government spending. He ignored credit and attempted to build his programs from money saved. What if he demanded and received first a line-item veto authority before submitting a budget based on his credit card? Now that for sure would be change.
Most households tally up income (all of it) then construct a budget to match. Try to increase income or cut spending to make it come out to zero at the bottom of the page. Interest on debt amortization is included in that tally.
We are all arguing right now about how much spending we can sustain. What if instead we argued about how much savings we can endure and defer the spending for later? Show us some real cuts, Mr. President and all of you elected officials representing us. In times like these, leaders should force us to agree to reduce our “cravings” for new TVs before we rush out and buy one.
Would you like to turn things around? Try the above approach. Now that would be standing on long-forgotten principles for all of us.
Opinion
In our view: Spending or saving?
- Opinion
-
-
Our View: Santorum's Achilles' ear
Rick Santorum knocked everyone for a loop this week, not just with his victory in Missouri but with the landslide size of the thing.
-
Our View: Are school loans next 'debt bomb'?
The late American middle class struggled for decades to keep pace with an American dream slipping from its grasp.
-
Our View: A better way of limit terms
A Missouri House committee on Tuesday endorsed a proposed constitutional amendment that would allow lawmakers to serve 16 years in the state Legislature, either the House or the Senate.
-
Your View: Is it our fault?
When did coveting things and money take over character? What happened?
-
Your View: No way to run a school
All throughout the state of Missouri, you’ll hear much discussion about teacher tenure and the indefinite contracts that go along with that. Most — if not nearly all — jobs in the private and public sectors have no such career protection.
-
Your View: Prime suspects
If it’s too cool in the house, you can turn up the heat if you think you can afford it.
-
Our View: Worldwide concern
There is growing concern worldwide that Israel might launch an attack on Iranian nuclear plants.
-
Other Views: FAA deal up in air five years
The Federal Aviation Administration bill was delayed 23 times, but the agency finally has a law giving it $63 billion and full operating authority for the next four years.
-
Don Ray, columnist: Obama's pipeline excuse an election-year cop-out
On Jan. 18, President Barack Obama announced he was rejecting the Keystone XL pipeline project — a project that had its beginnings some 40 months ago (September 2008).
-
James Whitford, guest columnist: Broken people or broken system?
Are the people broken or is the system broken? If you walk into Watered Gardens, our rescue mission, it may seem the people are broken. But it’s a rescue mission. It just feels that way. And sometimes, it just looks that way.
- More Opinion Headlines
-






