Imagine yourself as the CEO of a large corporation. You had a great idea that would increase production and efficiency but it would be costly. Over the first eight years of your project, you spent $360 million and you only saw a 2% increase in efficiency in one area and a complete failure in other areas. What do you think stock holders, investors or the board of directors would say if you asked them to provide an additional $443 million to continue your program?
Chances are that would be the last action you took as CEO. Businesses cannot afford to operate by spending hundreds of millions of dollars for projects that fail to live up to what they were supposed to do. Such a costly mistake would be enough to force many companies to lay off workers, file for bankruptcy or close their doors. However, Washington politicians, Democrats and Republicans, seem to believe that the federal government doesn’t have to operate fiscally responsible because they can always squeeze taxpayers for more money and borrow money from China and Japan, even though they know they can’t ever afford to pay it back.
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