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A Budget Plan: Don’t Buy Stuff You Cannot Afford

Posted By David Boaz On November 4, 2010 @ 3:13 pm In Government and Politics,Tax and Budget Policy | Comments Disabled

Some 75 new Republican members of Congress got there by promising to stop the federal government’s massive overspending. And as Chris Edwards noted, there have been a number of lists of budget cuts [1] proposed recently.

Saturday Night Live did a sketch back in 2007 that might be useful to Tea Partiers and new members of Congress. It’s about a self-help plan called “Don’t Buy Stuff You Cannot Afford.” Since the federal government is running deficits well over a trillion dollars a year, I’d say this plan would be good advice:

Hat tip to Jonathan Witt at the Acton Institute’s PowerBlog [2], who points out that if this were a perfect analogy, the book author would be more agitated because “the couple has been spending the author’s money using a credit card he had idiotically loaned them a few years before.”


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URL to article: http://www.cato-at-liberty.org/a-budget-plan-dont-buy-stuff-you-cannot-afford/

URLs in this post:

[1] lists of budget cuts: http://www.cato-at-liberty.org/what-spending-should-the-gop-cut/

[2] Acton Institute’s PowerBlog: http://blog.acton.org/archives/19186-snl-skit-to-congress-dont-buy-stuff-you-cant-afford.html

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