Why doesn’t the government plan for a rainy day? January 22, 2009

I don’t understand why governments don’t plan for a rainy day. Are they like normal people in thinking that the good times will always roll and that they won’t ever be held accountable for spending more than they have? I am sure it is hard to say no to good causes, but there is going to be a penalty and it’s not fair to the taxpayers who are entitled to their tax refund and the government can’t pay it back. I liked that part in President Obama’s inaugral speech when he said that governments should be accountable for how they use the taxpayers money. We give almost a quarter of our earnings to the government. Surely they can be smarter with it and really be prepared to help us out when we need it most.