It’s a funny little video, but it seems to represent how everyone involved in federal, state, and even local governments does math – badly. States and municipalities are increasingly running out of cash and on the verge of bankruptcy. Some municipalities have raised sales taxes as high as 12 percent! Just like the video shows us, there is a fundamental lack of understanding of the forces of economics and just plain old ignorance of basic math.
Just … wow. Eerily similar to how Congress works out their budget. Too bad they don’t use YNAB
Thanks to Brent for sending me this video.