Wednesday, May 4, 2011

Would you give money to your state to help bail them out? Personal Finances

I came across this image this afternoon and began to wonder, "Would I give $185.62, or how ever much your state is in debt per capita, to my state to help it get out of debt?"

Which really made me think, well, what would they spend my money on?

Well according to the other graphic I found which shows average state budgets, 40% of the state spending goes towards education among several other categories.  That is significant and I didn't even realize they spent that much! Certainly, the biggest chunk of my change would go back into the education system.  Is that good or bad?  Well, I think funding education is always a good move. And I don't have kids.

So all I can think of now are the countless people who would probably say "No, I wouldn't spend that money to help the state get out of debt, I have my own problems." But then I remember as a child going to school and my school having countless trash cans in the hallways collecting water from the leaks or my brother who went from K-12 completely on austerity budget.

I don't think that's a good environment for any child and I think I would pay that money even though my own debt load is high, if that meant giving the state a "2nd chance."  Of course, I wouldn't give it to them without strings. I would want for them to promise us one thing: Don't get into this mess again. Create a realistic budget, spend properly, pay back debts and look into the future so the state is never in debt again, as I plan to be as I dig my way out.

What do you think?

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