Quote:
Originally Posted by Slava
As far as how companies budget, I laugh about that all time. People who say they want governments to run like a business are not only romanticizing how they operate, but they are also embracing borrowing money. And of course people can't run their budget like a government because they don't have the power of taxation at their hands.
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My hope for my government is to take on debt when times are bad, pay it back when times are good (ya I know, everyone thinks this)
If it has been 5 years straight of "bad" times and debt is still increasing, it is time to re-asses what a "good time" is, and raise income/cut your level of services.
Our government debts levels ideally to me would look like a sine wave, with small surpluses during the good times.
The key is, the debt has to be 100% paid off every x number of years, it is insane our governments don't do this. It is just nuts.