Can't spend out of being broke
A Fence Post letter Aug. 20 from Gary Kolbe of Geneva is a must read. Kolbe offers the "excesses imposed on taxpayers" to cover costs related to teacher pay and benefits are excessive. A short description of that condition is socialism.
Benefits to extreme are not limited to the education industry. Most government employment offers benefits that are not sustainable. Hence, borrow and borrow more. Private industry discovered limits; the ones that did not went broke and are out of business.
I hear that governments cannot file for bankruptcy so those city, state and federal bodies will only borrow more until what? Where is the limit of stupidity? The point where we all just collapse into that big black hole?
Even the regular source of our money supply is broke. Banks took too many chances with their greed and - almost daily - we hear of another bank closing. What will it take to wake up? Hmm, there it is folks, we are holding a "wake" for our wayward way of life.
The free stuff is all gone. Paying for our excesses will cost dearly.
We best pay close attention to the November election and the candidates you will find on your ballot. Conservative is the key word in November and the candidate that tells you so is your/our path out of this dilemma.
Washington. bless their hearts, again discovered that you can't spend your way out of being broke.
Government jobs are only spending more of your tax dollars. Private sector jobs, jobs that create a salable product, are our only solution to solvency.
Ron Petrucci
St. Charles