Tax time is reason enough to reflect on our budgets, personal and national. How realistic are our expenditures? Do we spend more than we earn? Does our income allow for a few irrational indulgences? Do discretionary dollars exist? Might we consider our ample debt. Does this represent a temporary deficit, easily resolved, or an obligation that cannot be paid promptly. We may wish to rethink our reality. At home, families have taken scissors to credit cards. More than the minimum payment is made. The intention is to lessen liabilities and increase savings. In the month of April, after we pay Uncle Sam, most of us concluded, it is time to clean our own fiscal house. Next, we move to the nation's ledger.
Expenses The largest share of our moneys go to military operations. The terror tax has become a tremendous burden of American household and communities. Yet, few wish to rethink this "duty."
For but a moment, whilst the Group of 20 [G20] met in London's ancient financial capital, ,"The City," the roars of remorse, could be heard. Words of woe had been whispered in hushed tones for quite some time. Scholars spoke of various possibilities on occasion. Whether Senior Economic Fellows from various think-tanks thought a system to be dead, alive, or near doomed, there was perhaps a bit of agreement. "I see what you mean. It is broken," Economist Mark Thoma mused more than a year ago.