Tax Guru-Ker$tetter Letter

Sunday, March 07, 2004

Explaining the Federal Deficit
Often times, the most illustrative explanations of fiscal matters come from people who are not financial professionals, such as this analysis of the budget problems in DC by Dave Barry. Unlike most of the mainstream media, who want to blame the deficit on tax cuts, Dave understands that the real culprit is reckless spending. He really hits the nail on the head with these observations:

Congress is as trustworthy with money as a crack addict who is experimenting with heroin.

They're being total slime-weasels. They're spending MORE. They're pandering their brains out.

Our so-called ''leaders'' are buying senior citizen and Baby Boomer votes by piling massive debt on future generations. It's like going to a fancy restaurant and ordering everything on the menu, secure in the knowledge that, when the bill comes, you'll be dead.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 3/07/2004 10:48:00 AM Send this post: