Sunday, July 31, 2011

Baby Boomers and Money--The U.S. Government is facing a huge debt crisis. I don't know all the causes but the biggest one seems to be the government spends more money than it takes in. This has been the case for most of our history but in the past 10-11 years the problem seems so much more pronounced. My theory is that Baby Boomers love to spend money, we always have. We seem to be quite good at it whether we have the income to cover the expenses or not. Now that Baby Boomers are mostly running the Government is it a shock that they are overspending. Not only does the Government spend more than it takes in but BOTH sides have their pet programs: either the military or entitlement programs. Some like both. I feel that the long term solution to our dilemma is to require all politicians to take a class on basic financial management before they can be elected to office. Perhaps the Dave Ramsey Financial Peace University would work well. Either we do this or we raise the minimum age for elected officials to 75. People that age don't seem to spend more than they make.


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