UnThreaded | Threaded | Whole Thread (45) | Ignore Thread Prev | Next
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 308463  
Subject: Re: Emergency Fund Date: 10/4/2013 8:11 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 11
SeattlePioneer,

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
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (45) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement