Tuesday, June 29, 2010

7 Things the Government is Teaching Our Children About Money

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.

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