Is it Encouraging Lack of Personal and Fiscal Responsibility? By John Parks At Isnare.com Ezine Articles

First it was financial bailouts, then automaker bailouts, and now there is the question of state bailouts. Is this the beginning of a long string of bailouts for everyone? Some want consumer bailouts because of overspending on credit accounts. Then there is a broad jobs bailout in the works, as the new government under President Elect Obama is trying to put together trillions of dollars of public works programs to generate jobs rebuilding the country's infrastructure. Where does it stop, will it stop and are bailouts an answer?

Obviously, as long as there has been government, there have been hands out looking to cash in on the billions and trillions of dollars in spending yearly. And with good employment figures, the tax money was coming in, but the budget deficit began to be a way of life with government spenders also. So the US is in as bad a shape financially as many broke families. Not quite broke, but not solvent either, with money in the bank and bills paid off. The current debts are going to extend to the next generation, and the generation beyond that, and most likely to the generation even beyond that one! This is not a good way to run a country, a business, or a family. And state bailouts are not an answer!

It appears that businesses, individuals, and now most of the 50 states are looking towards government as a "big daddy" to bail them out of the mess they are in today. With lower employment, and businesses failing, state tax coffers are taking in much less money to run the previously overspent budgets. How many states are in the black? How many have a budget that is not in debt? The current economic crisis is so severe that recovery by normal economic workings may not be able to tip the scales back to balance. And the problem is bi-partisan, with both parties at fault in creating this bailout disaster of Titanic proportions.

The state bailouts are another notch on the road to irresponsibility. The government does not have enough money to bailout all those who are sticking their hands in the pot. The Founding Fathers wanted the states to function separately from the central government, to have the federal government step in ONLY when there was something the states could not do themselves. Bailouts only encourage lack of personal and fiscal responsibility. It also causes motivation to disappear, and lose the spark of "make it or break it".

By needing to increase taxes on successful businesses, it takes away investment potential and motivation from those businesses. Why would a business expand, hire more people, develop new products, and try harder when all the fruits of their labor are going to be taken away and given to businesses that should have failed due to lack of viability? Bailouts on a small scale may work, but what is being asked for today can only cause more problems. Increasing taxes will result in fewer jobs, less tax collected, and lower productivity just when the US needs the opposite to happen.

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