Failing companies don’t deserve bailouts. Failing leaders don’t deserve bonuses. Citizens don’t deserve free healthcare, homes they can’t afford or extended unemployment benefits. Not when other taxpayers are forced to pay the bill.
We need a lot more tough love out of Washington and our state capitols—not more record-setting spending and bailouts. Unfortunately, we’re creating a nanny state built on entitlements instead of fiscal restraint.
The eminent business consultant, Peter Drucker, said it best, “The essence of strategy is denial.” You can’t say “Yes” to what is important without saying “No” to the things that are not essential. Unfortunately, as Ronald Reagan loved to say, "The closest thing to eternal life on earth is a government program.”
There are things that government can do best. Constitutionally, there are things that government is required to do. As citizens, we want those things done well. But end something! Unless we get a handle on our national debt, future generations will watch most of their taxes wasted on paying for the interest on the debt we are now creating. In tough times, we citizens must make the tough choices to balance our household budgets—we learn to say “No.” Let’s let President Obama and our politicians know that it’s time for them to do the same thing.