Doesn't anyone get it?

I just read this brief news item on CNN online:

California may need a quick $7 billion loan from the federal government to pay for “teachers’ salaries, nursing homes, law enforcement and every other State-funded service” this month, Gov. Arnold Schwarzenegger warned in a letter sent Thursday to the U.S. Treasury secretary. The letter, posted on the Los Angeles Times Web site Friday, echoes a statement issued a day earlier by California State Treasurer Bill Lockyer, saying the state has been locked out of credit markets for the past 10 days because of the national financial crisis.

I sure wish someone would tell me why borrowing more money is the way out of this financial crisis.

The Federal government, state governments, and even school districts across the country are experiencing budget overruns and their response is to borrow money to pay for it. Isn't excessive borrowing what got us into the mortgage crisis, the national deficit, and the banking crisis?

Here's a novel idea. One taken from the budget plans of so many Americans who don't run up excessive debt. Don't spend any more money than you take in.

Let me repeat that, just in case someone missed it. Don't spend any more money that you take in.

And to borrow another approach from a family budget, pay for the necessities first, then consider luxuries.

To cover the shortfall in California, I suggest that they cut excess government. Don't pay salaries for top government officials for six months. Stop all travel and entertainment expenses for six months. Stop all advertising for six months. Maybe then they would have enough money to pay the teachers and police officers.

As to the Federal deficit. Instead of cutting taxes, cut out the obscene retirement packages that legislators receive. Freeze all pay for top government officials for six months. Freeze overseas aid for six months. Freeze all nonessential travel for six months.

Then when we can all breath a little easier, I challenge the leaders of our country to go through government and trim, trim, trim. I'm sure there would then be enough money to support our troops, support social security, and offer aid to the most needy in our country.

Your Golden Parachute

Today I am pleased to have as a guest, Mr. Tracy Farr. In addition to being an amazing jazz musician with the Stinky Creek Band, he is a humorist with more than a bit of wisdom within the words. Tracy shares his wit with the readers of WinnsboroToday.com every week in the Periodic Columns and Essays Department, (I'm Just a Guy) and he agreed to be my guest today with another new piece. So sit back, relax and enjoy:

You deserve a Golden Parachute, too

Ladies and gentlemen,

Are you tired of hearing about banks going under? Are you worried about whether or not your money is safe in your Home Town Bank? Are you wishing for just a small share of the $700 billion Congress is voting on to keep banking CEOs (who caused this mess in the first place) from losing their luxury cars and ocean-front homes?

If you are, then copy and paste the following letter, change it up however you like, send it to whomever you think will listen, and maybe YOU TOO can sew yourself a nice little Golden Parachute.

Dear Mr. President,

I recently made a mistake in my finances by purchasing too many non-essential items through my credit card, without having the money to pay for them. Yes, at the time I thought I desperately needed the 52 inch Plasma HD Flat Screen TV with the optional Dolby Surround Sound for my living room, but I realize now I could have settled for the 48 inch TV instead.

Needless to say, that, and a whole lot of other purchases just like it, has caused me and my family to be in dire need of financial assistance. Without your help, my kids will go without new shoes for the year, I'll have to drive my brand new Prius instead of my brand new Hummer because of gas prices, I will have to switch from the 275-channel cable service to the basic service, and my goats will have to eat the $10 feed instead of the better $25 feed.

With my spending down to uncomfortable levels, I feel this will cause undue stress on local businesses who rely on my spending habits. And if they fail, all of Main Street will fail -- and so goes the country.

Wall Street CEOs made bad financial decisions throughout the years, just like me, and you'll soon be bailing them out to the tune of $700 billion. All I need is a measly $20,000. That's like a drop in the bucket compared to $700 billion -- and not even a FULL drop. More like a 128th of a drop.

I know you will make the right decision and not let my poor family suffer unduly for the mistakes I've made. I'm not asking for a Golden Parachute, but a Silver one would sure help out.

Mr. President, with your assistance, I will learn from my mistakes and never, ever let it happen again -- cross my heart and hope to die; stick a needle in my eye.

_______________________________________________________

The Daily Spittoon -- Your money is absolutely safe with us!