Governments always seem to forget there is another option, which is to cut back on spending. I know this is counterintuitive to a government, but that’s what taxpayers and companies do in a recession. They stop wasting money until the economy returns to normal.

Cutting back on spending isn’t very pleasant, but it’s highly effective. To save money, I recommend getting rid of government pensions for elected officials. They could have a 401K plan and put some money in, just like taxpayers do.

I cannot believe the kinds of schemes governments come up with. I mean.. REALLY.

I think they all need a crash course in basic personal finance 101.