Record Debt Unsustainable
Our nation's debt is at record levels whether the people of America like it or not. The unsustainable spending practices makes it clear that the current Administration's policies are out of line with their sustainability objectives. Our economy cannot sustain spending at such levels.
Examine the logic of our government budget cuts, the cuts are based on an expanding expense account. For instance, if your company gave you an expense account of $500 per month you would, in most cases, try to stay within your budget. You would also be kept accountable by having to keep a good record of how you spent the money and turn in all of your receipts. Now, if your company told you that they needed to cut expenses next quarter by ten percent, you would make this change in your expense account - deduct $50 from your current budget of $500, which will then give you $450 as your monthly budget for the next quarter.
Our government on the other hand does it something like this. They will decrease spending by 10% by saying that we had $500 in our current budget and for next quarter we have factored in that our expenses will be $600 so we will cut 10% off of that and now we have only $540 to spend. Hmm... still seems like they have more to spend next quarter, but they can say confidently to their constituents that they did cut spending by 10%. With the smoke and mirrors budget accounting practices of our Government, the taxpayer is working more and more to pay for the government's expenses. More taxes equals less money in your pocket alternatively less taxes equals more money in your pocket and everyone else's.
Sustainability and Green Jobs
If sustainability and green ($$$) jobs are important to our Administration and Government they should take into consideration the sustainability of the economy. The pace at which the government continues to grow is unsustainable. A basic principle of sustainability is that you harvest what you need and leave the rest to allow the ecosystem to replenish and sustain itself for the future. If you deplete the resource faster than it can be replaced, it dies or goes on the endangered species list. This is what is happening in our economy. The entrepreneur is becoming an endangered species. Taxes, regulations, cost, etc. are making it extremely difficult for entrepreneurs to open and operate a business. Without "New Shoots" we are losing business and opportunity to countries that encourage entrepreneurs to start new businesses through their policies and practices.
On a positive note, the plight we are in is reversible over time. The answer is to foster the creation of new businesses that are sustainable in the current marketplace. Some will grow and some will close.
Resources will be moved towards their most productive and efficient use. Government policies and taxes should encourage entrepreneurs to create new businesses. If the market is allowed to determine which businesses, products, and services are economically sustainable then jobs will be created, and tax revenues will be generated.
Bizincubators - Inspiring and educating entrepreneurs visit our website at www.bizincubators.com
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