A time for sacrifice
Posted: 24 September 2008 at 23:31:00
If you ran a business and the walls figuratively came crashing down around you like they have in the United States economy the last few months, what would you do?
You could just call it quits and walk away.
You could make calls into every person you know and beg them for help and support.
There are many directions you could go, but there is one thing I can't imagine anyone would do: try to go on living like nothing has happened.
The problems in our financial markets and talk within the ranks of legislative and executive leadership of propping up failed institutions have brought to light another very glaring miscalculation: The U.S. government is already in a terrible amount of debt. These are all signs of the seriousness of the situation we are in. These signs suggest a calculated, careful, well thought-out response.
More importantly, these signs demand that we, as a people, forget political loyalties, forget the frivolity of our lifestyles, forget luxury and conveniences, and forget about the thoughts of others.
We must concentrate on one thing: Getting through this together in one piece. That means making serious sacrifices and planning for the future.
Why, during all that is going on, do I see that the U.S. Mint has announced a forthcoming set of commemorative pennies to celebrate Abraham Lincoln's 200th birthday?
It's not much in the grand scheme of things, but this is a perfect example of how government is just going on doing what it has always done when it should be doing much, much less.
The U.S. Mint operations should probably scale back to one standard set of coin and paper currency. The U.S. Postal Service could probably minimize postal options. The U.S. Department of Transportation could make a quick decision of which construction projects currently underway can be suspended immediately, which projects can be brought to a point at which they can be suspended, and how costs can be minimized on other projects.
Everything our government does needs to be assessed and evaluated for fat that can be trimmed so that only essential services are provided. programs will need to be scrapped, shut down, or scaled back. To help those in need who have traditionally relied on government services or assistance, groups outside the government will need to step forward and help.
The failed businesses have failed. Propping them up will cost more money. Figuring out why they failed will cost more money. Reorganizing them, placing them in a conservatorship will all cost more money. Money... money we don't have and can't afford to keep borrowing.
Can we set an example, as a country, for what should be done?
I hope so.