“The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
-Thomas Jefferson

    As many of you are quite aware now, the state of California is now broke.  The politicians are turning to their same old games once again on blaming each other so as to keep us well distracted.  The state in order to operate is now passing out IOUs, the same ones we use to hand out as children.  I am lucky to not live in California at this time, because all an IOU really is, is leveraging this money on the children of the state.  These young children in grade school, playing kickball have no idea the debt that we are shoving upon them or the poverty which we are going to shove upon them.  The even sadder news is, this isn’t just California many states are being forced into the same situation, and California is just the first in the series of dominos.
    The major problem is, is that the states want to help everyone, and as they stretch their dollars thin, they need more taxes to fill the gaps.  Now rather than cut their plans and ideas down, they opt for the more destructive plan, they tax more.  The problem is that at a certain tipping point, the voters fight back, and they hold off.  This is where we currently are at, politicians have pushed taxes as high as they were going to go, and we don’t want to pay anymore.  State recently tried taxing the rich more, and the rich have moved from those states, causing less revenue.  This situation has run into the proverbial end of the line, they are running out of money, yet they just keep spending.  To me it seems like they just can’t help themselves, they are spending themselves out of existence. Their amount of IOUs will only keep growing, and when people realize that they are worthless, they will stop accepting them.  Once the IOUs are gone, then they have two actions, tax more or cut spending drastically….and if history dictates, they will tax more until the politicians and the absolute poor are the only ones left.
    This isn’t just a state level problem, even though many states are experiencing the same problems, the federal government is doing the same thing.  There is just one catch though, the federal government can just keep printing the money and keep circulating it…this doesn’t solve their problem, just makes it harder to see…though we’ll all pay when the dollar is worthless.  Our politicians spending are ruining this country…and we are the ones who all pay.  Why should children playing in a school yard today be held with the frivolous spending of us currently?   When did they agree to be saddled with our debt and our mismanagement?  I think politicians need to wake up slash all spending by 75% and cut their juicy benefits.  Then get this country out of debt and make sure I, you, and our children get as much of our hard earned money as possible.  Politician’s pet projects need to be stopped, and instead of adding more laws they need to be cutting useless laws. 
    We need to watch California, so that we all don’t make the same mistakes in our states.  With the Governor blaming one and the democrats blaming him…and nothing gets done.  With the 4th of July that just passed, think about freedom, because freedom and protecting everyone’s liberty will cut spending…even if we don’t agree with it.