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Politics : View from the Center and Left
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To: Mary Cluney who wrote (103286)2/5/2009 9:04:35 PM
From: TimF  Read Replies (1) of 542059
 
Isn't the principles of balancing the budget the same with managing a budget of the United States as it is with managing your household budget.

In some ways yes. In others not so much.

Well I suppose its like managing your household budget, if your a CEO, who gets to set his own salary as a percentage of corporate revenue, and who is drawing a significant fraction of all of the revenue (which is far from normal, for medium or large corporations).

You could increase your take, and your household budget will be in better balance even if you don't control spending well. But if you do so your hurting the company your drawing the take from, possibly even to the point of reducing its growth and thus your future take.

But if you figure to help the company out you will reduce your take, then you shouldn't also start increasing your personal spending by leaps and bounds.
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