Wasteful spending has and always will be the largest factor in determining the economic well-being of an individual. When one wastes their finances, they cannot expect to grow wealth. This may sound like common sense, but, government programs continue to waste money and leave the taxpayer responsible to clean up the mess. According to a report by the Pentagon, our military has spent $1.5 million of taxpayer money to create its own beef jerky. Now, has the Pentagon contacted you asking if you want any ownership in your investment? Probably not, which means two things – the profits the Pentagon make off of your investment stays in their hands and if the program fails, then taking your money was a complete waste. The Pentagon’s report says it is “attempting to develop its own brand of jerky treats that are the bomb! Only, the money is coming from a program specially created to equip soldiers with the weapons they need.” The money used to defend our country is going to beef jerky. This is like giving a teenager $50 to buy textbooks and they turn around and buy a new pair of shoes. Giving the teenager more money to buy textbooks does not teach them a lesson; plus, they might go buy jeans and a shirt to go with their new shoes, but, not giving them anymore money drives home the consequences of mismanaged money (i.e. tough-love). When you are free to decide where your money is spent, you can guarantee the need for textbooks (national programs) will be taken care of. The taxpayer never gets to decide between what programs are necessary to spend money on and the programs that waste their money, which creates a lack of accountability, in turn causing our country’s debt to increase.
Not having a say in what happens to our money takes place all across the country. In New York, a Vodka distillery has received a $99,000 grant from the United States Department of Agriculture (USDA) to build a factory. Imagine how easy it would be to start a business if the government gave you $99,000. Think of it this way, $99,000 will cover 900 average person’s monthly electricity bills; that is 75 years paid for! Would creating a product that customers are willing to purchase so that you could make a living really be an important concern when the government will bail you out? History has shown otherwise. In response to this action, Senator Coburn (R) said, “Taxpayer funds should not be used to advantage one company over another, nor should they be used to subsidize an industry that already enjoys wide market appeal.” Companies that are working to meet your wants will be put out of business because they cannot afford to compete with government. They cannot afford to compete with government because small businesses take pride in providing you a good, in return for you volunteering to give them your money. Government will take your money and use it to fit their interests without a care in the world if you get anything in return.
America is $17 trillion in debt and small businesses cannot afford to enter markets or hire employees. The federal government is taking your money and flushing it down the toilet while business owners, their employees and their customers suffer. But, hey, at least we will have enough beef jerky and vodka to compensate for our loss of freedom and economic prosperity, right?