“Nancy and I always believed that if you didn’t want the kids to overspend their allowances, you didn’t give them the money in the first place.”
Ronald Reagan
As quoted by James Srodes in his excellent article, “The Great Recession of 2011-2012″ in the February issue of American Spectator.
No econometrics necessary. Just a smidge of parental common sense. Hopefully we are on the verge of the voters cutting the allowance to the irresponsible kids in Washington.