March 23, 2006
You buy a really expensive car. The payments are really more than you can afford, but it's a really nice car. You go out to eat every Friday, just putting the bill on your credit card, making that monthly minimum payment. Eventually, you get a second mortgage on your house so you can pay off those credit card bills. Then you use the credit cards for some more entertainment, like buying nice season tickets to the local sports team.
Come the end of the month, you simply don't have enough money to pay all your bills. So, you just head on to work like you do every day and you demand that your employer give you a pile of cash to pay your bills. No, you're not going to actually DO anything extra -- in fact, you're going to need some more time off to go pay the bills in person -- but you just demand the money. You promise to work more "later" to make up for the cash.
How many of you wouldn't be immediately laughed at or fired (presuming you're not a union member)? Well, this is exactly what the City of Detroit is doing now. They've overspent their money, so they just demand more. No, they're not claiming to ask for more taxes, just another "loan" that will magically be paid back without tax money.
But hey, this is today's government in America. The people who currently run the government honestly believe they have an utterly, completely unlimited source of money to spend any time and anywhere they want. They cannot comprehend running out of money because they can always demand more.
Oh how I yearn for freedom.
(Hat tip to Charlotte John Locke Foundation Blog).
Posted by: Ogre at
05:04 PM
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Posted by: Quality Weenie at March 23, 2006 07:15 PM (BksWB)

Posted by: Ogre at March 23, 2006 07:32 PM (/k+l4)
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