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Dec 16 2008

If we managed our finances like the states manage theirs …

Published by dwrite at 12:49 pm under Legislation, Scheduling your time, Work-from-home pitfalls, Work-from-home stats Edit This

Can you imagine if we all handled our household finances the way state governments handle their budgets? There wouldn’t be a person alive who wasn’t in danger of losing their homes to foreclosure.

I live in Illinois. We’re lucky enough to have been guided for the last several years by Gov. Rod Blagojevich. You might be familiar with the name. He’s just been arrested for several things, including trying to sell to the highest bidder the vacated Senate Seat left behind by president-elect Barack Obama.

That’s embarrassing enough. Now we get the news, as reported in this story in Crain’s Chicago Business, that Illinois is nearing financial disaster. Hooray.

I’ve never quite understood why state governments have been unable to run their kingdoms without running out of money all the time. My wife comes from Michigan, which is in even worse financial shape than is Illinois. Haven’t any of these people ever balanced a budget? Haven’t they ever had to figure out if they had enough money to go to the movies and dinner on a Saturday night? And if they decided that they didn’t, did they still go and put it all on their credit cards?

I know running a state government is incredibly complicated. But still … when the economy was thriving, when the housing market was booming, didn’t any of these idiot government officials think to save a bit for the inevitable slowdown?

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One Response to “If we managed our finances like the states manage theirs …”

  1. # jenajeraon 17 Dec 2008 at 5:46 pm edit this

    In the interest of spreading link love, I’ve nominated your blog for a Lemonade award. I chose a few blogs that I think provide quality insights for freelance writers and folks who work from home.

    My post, with a link to your blog, is at:

    http://writerwahm.today.com/2008/12/17/lemonade-awards-work-at-home-and-freelance-writing-blogs/

    I, too, am baffled by the lack of forethought in state government. My state has spent its way to a 2.4 billion dollar projected deficit.

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