From here to insolvency

If you wanted guidance on researching your family’s genealogy, would you ask Elizabeth Warren? If you needed marital counseling, would you call Tom Cruise? If you needed help losing weight, would you call Michael Moore? If you were looking for ways to improve race relations in your community, would you seek counsel from Al Sharpton? If so, then you’re just the kind of schmuck who would look to Washington for tips on teaching your kids to handle money responsibly. From the same crowd that brought us The Life of Julia (an infomercial promoting cradle-to-grave dependence on government handouts), we now have Money As You Grow, a handy-dandy interactive website that offers guidance to children of all ages on how to be financially responsible.

I kid you not. The same dipsticks who borrowed record amounts of money and then squandered it on a bewildering array of worthless failed projects and vote-buying schemes, who inherited an economy in recession and drove it into depression, who increased the national debt by 50% in less than four years in office, who presided over an increase in unemployment and a downgrade in America’s credit rating, who haven’t even passed a budget in more than three years… these clowns want to teach your kids how to manage money responsibly.

If you check out the site, you’ll find some real gems — sparkling bits of profound wisdom that would never have occurred to you on your own. I mean, really brilliant stuff like:

“You need money to buy things. You earn money by working.”

“You may have to wait before you can buy something you want. There’s a difference between things you want and things you need.”

“You need to make choices about how to spend your money. It’s good to shop around and compare prices before you buy.”

“Using a credit card is like taking out a loan; if you don’t pay your bill in full every month, you’ll be charged interest and owe more than you originally spent.”

“When comparing colleges, be sure to consider how much each school would cost you.”

“You should avoid using credit cards to buy things you can’t afford to pay for with cash.”

“It’s important to save at least three months’ worth of living expenses in case of an emergency.”

And so on and so forth. As I said, brilliant stuff — the kind of thing only someone with an advanced degree in economics could have come up with. But one can’t help wondering, if the geniuses running our government know the principles of sound money management, then why in blazes are they doing the exact opposite of everything they recommend? Why do they think it’s important to teach these principles to children, but see no reason to abide by them when managing government finances? After all, there are limits to the amount of damage that can be done by a kid who spends too much, runs up debts he can’t pay back, or fails to save for a rainy day; but such is not the case with the folks in charge of government taxing and spending. These boneheads can do — and have done — massive, appalling, possibly irreparable damage to our nation’s economy and to the fabric of our society with their fiscal malfeasance. And since they obviously know better, they don’t even have the excuse of ignorance.

Earth to the Obama administration: Try showing a little financial responsibility yourselves before you start lecturing us or our kids on the subject.

2 Responses to From here to insolvency

  1. Freedom, by the way says:

    You know what really angers me about this, Bob? Once again, tax dollars are being spent on something that private industry already does very well. If you want your child to learn about money there are hundreds of FREE classes, web sites and programs (many put on by financial institutions) available. Why does the federal government pay someone to produce something that isn’t needed? WASTE! WASTE! WASTE!


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