Need versus Want

Early in our married life, my wife and I often had conversations about the difference between “need” and “want”.  There are some things that we need, there are many things that we want.

Our government could learn from this simple life lesson.  There are many things that our government is spending money on that are not needs.  When our deficit for a single year tops a trillion dollars, as it has this year, we need to make changes. Change is going to be painful for some, but our governmental leaders should really take a hard look at where our money is going, and they should greatly reduce or completely eliminate things in the budget that are not needed. 

It’s painful, but necessary.  Whether it is personal finance, corporate finance or government finance, the basic principle is still the same.  You need to have more money coming in, than you have going out, or you are in trouble.

As a country, we are in trouble.

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2 Responses to “Need versus Want”

  1. Gloria Says:

    here in the US there can be such a “keeping up with the Jones” mentality. I want what they have. Better car, newer house, this gadget and that gadget (not just in the kitchen either – there are lots of ‘toys’ for the yard and the garage) Media does a great job in pushing people to not be content.

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