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Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Emergency Fund Date: 10/4/2013 8:11 PM
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You wrote, Perhaps the best way to prevent the government from continuing to run up massive and chronic debt is to just say "no" to more of it.

And of course not paying credit card bills just because you don't have cash in the bank is a great way to reduce your debt ... especially when you have stellar credit. Yeah. I'm sure that will do wonders.

Also, We are currently doing without "NON-essential" Federal employees, and we seeme[sic] to be better off for that.

There. Fixed that for you.

Sorry, but the shutdown only affects agency employees and contracts that are considered non-essential. The essential ones are required to stay on the job even if they might have a long time to wait for a paycheck because payroll functions are considered non-essential...

Also we're still paying the salaries of elected officials and all political appointees.

In fact a number of federal employees are still on-the-job. And so are a lot of government contractors.

And let's not forget the military. We might not allow them to buy guns and ammunition, but they'd bloody well better fight to the last or we'll court-marshal them...

Of course that does beg the question, How many of these non-essential employees could we do without? And if we cut some fraction of them, could we actually balance the budget this way?

Or are we cutting the people that actually perform functions that bring in government revenue? For instance, all IRS auditors have been sent home and all audits have been suspended...

Yeah. Let's just not pay our bills... That's the ticket.

Seriously, when did this board ever preach that philosophy?

The only solutions to debt are the same for government as individuals:
1. Less spending,
2. More income,
3. Or both.

Not paying your bills usually creates problems that are harder to solve.

- Joel
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