A Start toward Fiscal Responsibility: An Idea whose time has come!

Democracies fund with "seed" money new innovative projects, a very essential program for growth in the countries' development.

It's like throwing wet cereal at a wall and seeing what sticks, pardon the pun on something so essential.

But with "seed" money a project's value can be estimated.  It's like a Broadway bound show in rehearsal in other cities than New York aiming to see what survives!

Then, the "commit or no commit" evaluations are done before large amounts of money are committed to a start-up project.  Of those that are deemed "survivable" and "worthy of the big time," investors, including the government, can commit "serious" dollars.

And that's basically it.  Fiscal responsibility has been practiced because responsible backers have a chance to evaluate it through "off Broadway" scrutiny.

But without foreknowledge as to a project's worthiness, no money of large amounts should be entrusted to an innovative leadership.  That's just common sense--not always followed--leading to democratic governmental insolvency; and sometimes a search for another form of government, e.g., dictatorship.    

My opinion.