Saturday, November 3, 2007

How to Reduce Debt (or Weight)

Teddy Roosevelt established the now-familiar approach of creating outside commissions to review and reform government spending. During his presidential administration, the federal debt reduced by $90 million.

It's another case study of the value of trusting one's intentions but not trusting one's results. Humans make mistakes. People tend to either do what's been done before, or to reinvent the wheel without consulting widely. Bringing in an outside perspective will rarely save $90 million, but watchfulness is almost guaranteed to bring improvement. Step on the scale every day for a month and see what happens!

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