Today Yahoo reporeted "Bush: Congress must limit pork spending". Bush is proposing to balance the budget in just 5 years. How is it that we let our leaders get away with this? If they don't have money they can't spend it. For years the government has been living off of credit. Every year they add more and more to the debt, but they don't pay off what exists. It's not just a federal problem, states do the same thing. I think there should be a moratorium on credit for the government. If they don't have the money they can't spend it. Not only that, all governments (town, county, state and federal) should have to pay off their debts. You want to give the economy a boost? Put the trillions upon trillions of dollars back into the economy instead of holding it in debt.
How can governments do this? Just like everyone else they have to make the hard decisions about what is the most important and what has to take a back seat. Congress has voted itself pay raise after pay raise, it should be forced to take a pay cut. I have gotten in debt trouble in the past, but I'm paying it off and not declaring bankruptcy. I think the government should have to do the same.