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Now I Know Where Our Government Learned Math

Posted By Ron On March 11, 2010 @ 7:00 AM In Budgets,Government | Comments Disabled

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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! [2] 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 [3]

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Technorati Tags: government [4],budget [5],budgeting [6],bad math [7],math [8]

Thanks to Brent for sending me this video.

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About the author

Ron has written 1082 articles on The Wisdom Journal.

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The founder and editor of The Wisdom Journal [10] in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a partner in a national building materials company.


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[1] Tweet: https://twitter.com/share

[2] raised sales taxes as high as 12 percent!: http://finance.yahoo.com/taxes/article/109012/us-sales-tax-rates-hit-record-high

[3] YNAB: http://www.youneedabudget.com?AFFID=25828

[4] government: http://technorati.com/tags/government

[5] budget: http://technorati.com/tags/budget

[6] budgeting: http://technorati.com/tags/budgeting

[7] bad math: http://technorati.com/tags/bad+math

[8] math: http://technorati.com/tags/math

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