July 15, 2011

Spending Other People's Money, Minnesota's Solution

Minnesota shows that there is no will among elected officials and perhaps voters to solve the current economic woes of the country. Abraham Lincoln (1809-1865) allegedly said, "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." The economic problems were created from within. The same problems exist at the federal level. Minnesota's solution was not to raise taxes, (the Obama path), not to reduce spending (the Republican solution), but to borrow more money. When you are spending other people's money it is easy to forget what money is all about.

http://old.news.yahoo.com/s/ap/20110715/ap_on_re_us/us_minnesota_government_shutdown

Minn. leaders make deal to end government shutdown
By MARTIGA LOHN and CHRIS WILLIAMS,
Associated Press
July 14, 2011

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