"When the people find they can vote themselves money, that will herald the end of the republic."
-- Benjamin Franklin
"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world."
-- Thomas Jefferson
Many of us have warned for years that that running a consistent government deficit was going to lead to huge problems. We never imagined that we would jump to such a huge deficit in such a short time. We certainly did not conceive that we would have leaders that even in this crisis seem to have not an inkling of the perilous situation we are in. I am told that no nation has ever recovered from this percentage of debt. Indeed there is a limit to the wealth in the world that can be borrowed and we are dangerously close to that figure.
We MUST balance the budget. It is immoral to spend like drunken sailors and hand the debt to the next generation. The State of Arkansas is not immune. We may have a balanced budget, but a huge part of our balance sheet comes from the federal government. We must stop the increase of government spending. We must then begin to pay our debt down. We cannot continue to exacerbate the problem.
Arkansans not only must keep our own budget balanced we must insist on stopping the proliferation of federal spending .even if it is "FREE" money coming to Arkansas. If not we and our families WILL participate in one of the greatest financial disasters in the history of the world.