Tuesday, January 27, 2009

fiscal insanity

Dotson suggested last night that the City consider changing their investment strategy from making money to NOT losing money- preserving our capital, be it bonds or some other investment device. They are anticipating a 171k drop in revenues this fiscal year. Our revenues are falling as our costs are rising due to new hires and the new gym -does that sound ANYTHING like good fiscal common sense? Sounds more like a case for impending bankruptcy, or insanity- or both. Spending more than you have coming in is a sure road to disaster. Why doesnt our government live within its means? Everybody else does.

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