First Of The Big Spenders

After Vallejo, Stockton is now the poster child for the free-spending cities of California. Not, of course, to imply that California has any lock on free-spending cities.

Government promises to public employees have created “zero-risk” Wonderlands protected from the market forces of risk and consequence. These islands of privilege are snapping back to join the real economy.

“Snapping” is perhaps an overstatement, given the glacial pace of change here. But even Obama is feeling the pinch and a friend reports that she has decided to support his effort at government parsimony by emulating it:

President Obama ordered the cabinet to cut $100,000,000.00 ($100 million) from the $3,500,000,000,000.00 ($3.5 trillion) federal budget.

I’m so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $2,000 a month on groceries, household expenses, medicine, utilities, etc., but it’s time to get out the budget cutting axe, go through my expenses, and cut back. I’m going to cut my spending at exactly the same ratio (1/35,000) of my total budget. After doing the math, it looks like instead of spending $2,000 a month, I’m going to have to cut that number by six cents. Yes, I’m going to have to get by with $1999.94, but that’s what sacrifice is all about. I’ll just have to do without some things, that are, frankly, luxuries – six cents worth.

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