Tuesday, March 8, 2011

Binge Spending

Typically a “binge” of any sort is considered unhealthy for the individual in question and those around them.  The Boston Globe published today a commentary written by Senator Scott Brown of Massachusetts that refers to Washington’s “binge spending habits” (to see the full article, visit http://tinyurl.com/4ggc9n4). 

Not only has federal, state and local spending been (for some time and continues to be) at a level that can easily qualify as “binge spending,” but it has also become a habit.  One could argue this is no more than a “bad habit” that we can take some time to “try to work on” or that it is a self-destructive addiction that requires immediate intervention.  It seems the majority of individuals seeking an honest evaluation of our fiscal health recognize that the latter of these two interpretations is, in fact the truth.