Tuesday, July 18, 2006

Taxes and Spending.

I have sympathy for those in the legislature. It is much easier to spend money than to save.

A group I am part of was recently debating the purchase of a covered trailer. The guy who wanted it had good reasons made a good case and argued persuasively for it. He had initial approval for the purchase and we secured a 2 month interest free loan to buy it.

However, one volunteer who wasn't at the meeting pointed out it would be nice to build up some cash reserves. This doused the purchase. It is still a good idea but our group does need the cash reserves more than the trailer. Next year we will definitely revisit the trailer idea.

Similarly, I see many who approach the government for more spending have good ideas and it is harder to say no than yes.