Wednesday, February 16, 2011
Speaking Of The Budget
Same thing 2000 years later.
A long time ago as a manager, interoffice memos were occasionally received to cut 10% from my budget. Not just my budget, but every budget in the corporation. Nothing was safe from the 10% cut -- including some position consolidations and job terminations.
That isn't the way the US Federal government is run. Only a small portion of the budget is being considered for cuts. Why? Because a vast portion of the budget represents votes and getting re-elected. That does get in the way of making a rational decision. The cuts should include all areas, defense, Pentagon, Social Security, Medicare and Medicaid. However, there isn't even a discussion about possible cuts or adjustments in those areas.
A suggestion: Stop manufacturing the penny. It isn't a lot of money, but it is a gesture that there is serious concern about the budget. Losing money on the manufacture of every penny is not the way to stay solvent.