Congress handles our federal budget about as poorly as one could ever imagine handling a personal budget. The government is teaching our children the worst possible way to handle money and budgets. Here is a list of some of the lessons children might learn from government:
- 1. Spending money you don't have is stimulating.
- 2. Paying off debt is not important.
- 3. Managing money poorly will get you a raise.
- 4. Prudent shopping is unnecessary.
- 5. Work is optional for income.
- 6. Stealing is okay as long as the ends are deemed worthy.
- 7. Long term goals have no worth.
At face value, these lessons seem absolutely absurd. However, some (especially governments) seem to think it is the quintessential recipe for successful economy. I tend to think that what is actually good for my household economy is also good for the economy as a whole. When I economize, it is a good thing.