A Total Lack Of Self-Awareness
The Florida Senate has teed up another sound-bite-for-re-election bill: Florida senate wants balanced federal budget.
If the US government actually had a balanced budget, the state of Florida would be in total meltdown. The only way they achieved a balanced budget last year was with the stimulus money from the Feds, and if the Feds can’t run deficits every minor recession will be a nightmare for state governments.
If the IQs get much lower they are going to be required to water the Florida legislature. They provide their own fertilizer.
2 comments
I am baffled. I run deficits during every personal economic downturn — when I’m between jobs, I use my credit cards and lines of credit to handle the situation while I’m looking for a new job. It beats the alternative of being homeless on the streets while trying to find a new job, which would make job searching much harder. So, why is it okay for me, but not for the federal government? Clearly logic does not apply for these doofuses.
Now, long term, I don’t run deficits. If my expenses are higher than my income and I’ve already cut my expenses to the point where it’s affecting my ability to live comfortably, I increase my income — I find a new job that pays more, I take a second job, whatever. I.e., I hike the taxes I charge employers for my services ;). So what is the difference between this and governments raising taxes in order to provide necessary services that private enterprise can’t/won’t provide (such as, say, FINANCIAL REGULATION to prevent future recessions caused by fraud)? But once again, what’s okay for me apparently isn’t okay for my government, according to the tighty righties who apparently believe that income is fixed and can’t be raised by getting a new job or taking a second job. Riiiiiiiiight….
– Badtux the Baffled-by-stupidity Penguin
.-= last blog ..Knee-capping the young =-.
They are in for a nasty shock come hurricane season if the Feds can’t just print money.
It’s not like the state of Florida doesn’t sell bonds, and that’s pretty much what the Fed’s do when they run a deficit. The lege should also remember that they are in worse shape than necessary because they “invested” taxes and lost a bundle.
The only people who have a truly balanced budget are generally those so poor they can’t get credit, which could be the state of Florida if these idiots keep going.