And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.
We didn't actually overspend our budget. The health Commission allocation simply fell short of our expenditure.
I don't like credit cards. They make overspending very easy. They can make life a lot more complex and stressful.
Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams.
Look at the big-ticket items, in your budget. Your home or apartment. Your car. Your insurance. If you are overspending on these big monthly bills, then money's draining out of your pocket a lot faster than you can replace it by clipping coupons or buying cheaper coffee.
Overspending is as certain a part of the holiday season as overeating. But pushing away from both the table and the cash register at least a little bit sooner can make the post-holiday hangover hurt a little bit less.
In the long run, though, the greatest IT risk facing most companies is more prosaic than a catastrophe. It is, simply, overspending. IT may be a commodity, and its costs may fall rapidly enough to ensure that any new capabilities are quickly shared, but the very fact that it is entwined with so many business functions means that it will continue to consume a large portion of corporate spending.
The American people care about the fact that we have $17 trillion in debt and 10 percent of every tax dollar that's coming in is going to pay for past overspending.
Now all of us deplore this vast military spending. Yet, in the face of the Soviet attitude, we realize its necessity. Whatever the cost, America will keep itself secure. But in the process we must not, by our own hand, destroy or distort the American system. This we could do by useless overspending. I know one sure way to overspend. That is by overindulging sentimental attachments to outmoded military machines and concepts.
The U.S. should take notes: Government overspending and a campaign of alienating investors and small business isn't really the best way to boost the economy or overcome massive unemployment.
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