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Article posted: 2/12/2013 4:40 AM
Not exactly the CEO’s fault
Not exactly the CEO’s fault
In a Feb. 1 letter, D. Hasbach likens the president’s spending to parents with maxed out credit cards applying for credit in their children’s names. Unfortunately, the analogy does not match our system of government; only Congress can spend, or appropriate, funds.
A correct analogy would liken Congress to that of a firm’s board of directors. They knowingly require the CEO to spend more money than they have, or can possibly make in the coming year. Then, they refuse to allow the CEO to borrow money to cover the difference, while still requiring that the appropriated funds be spent.
So, it’s not exactly the CEO’s fault when he goes back to the board asking them to allow the borrowing, is it?
Jay Mitchell
Naperville
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