Sunday, August 10, 2008

Iraq - A Model Of Fiscal Responsibility

The American government is apparently incapable of managing its expenses in a responsible manner. But it is not impossible to do so. We need look no further than our neighbor to the east, Iraq. According to a recent news article, despite the great challenges that nation faces, they have been able to amass a sizable surplus of 79 Billion dollars.

How did they do it, you might ask. Simple. They lack the ability to spend it. Without the vast numbers of trained buyers, managers and accountants that the United States has at its disposal, the Iraqi government simply can't spend money at the same breathtaking rate that we have become accustomed to.

What can we learn from this? By simply firing all government buyers, managers, and accountants, we can quickly and easily cut our expenses. I am sure that some well meaning neighbors (I am talking to you, Canada), would sympathize with our situation and pay for those things we are unable to pay for ourselves. After a few years of occupation by the Canadians, when we have managed to pay off our debts, we can then blame them for our troubles and request that they leave. A simple, yet proven, approach to money management.

Think about it.

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