Friday, March 1, 2013
March 1st and the sequester has arrived.
What is the sequester? It is a reduction of an increase. Every year a set amount of increase is built into the federal budget the sequester will reduce the built in increase.
Our government is borrowing 35 cents of every dollar it spends. The sequester will reduce that amount by 2 cents; now it will only be borrowing 33 cents of every dollar spent.
We need to cut spending - that's what we have to do as families, and as states. It's time for fiscal responsibility to arrive at a federal level.
A friend of mine said the following "They need to have a mom in there running the budget. A mom that has raised a large family on a limited amount of money. She would have the budget cut and worked over down to the penny." My dear friend is a farmers wife. They raised a large family on a limited budget. They ran in the black and tucked a bit of money in savings as well. Hmmm what a concept.
Proverbs 22: 7
The rich rule over the poor, and the borrower is slave to the lender.
Footnote: Does this mean we should never borrow? No, but it warns us never to take on a loan without carefully examining our ability to repay it. A loan we can handle is enabling; a loan we can't handle is enslaving The borrower must realize that until the loan is repaid, he or she is a servant to the individual or institution that made it. (NIV Life Application Study Bible)
Some food for thought - don't you think...
a little bird