369 - Monopoly Money

When I turned 16, I wanted a car, just like pretty much every other American teenage boy. When I asked my father for financial help getting my first car, he told me that if I didn’t get the money myself, I would value the car. I didn’t like that answer, but as Thomas Paine said in The American Crisis, “What we obtain too cheap, we esteem too lightly”. it turns out my father was wise to make me work for my first car.Show more

We are not here today to talk about teenagers and their cars, but of the trillions of dollars the United States spends each and every year. First, we should ask if our employees in Washington, D.C. are spending our money wisely, or like some spoiled rich brat, are they treating our hard earned cash like Monopoly money? Once we answer that, the next obvious question is, do we cut up Uncle Sam’s credit cards before all 330 million of us are bankrupt?