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Penny Wise and Pound Foolish

Posted: February 22nd, 2011 | Tags: , , , , , , , , | 2 Comments »

A decision to cut federal poison center funding is penny wise and pound foolish…

“Penny-wise and Pound Foolish” refers to unwise thrift, “like the man who lost his horse from his penny wisdom in saving the expense of buying new shoes when the old one was loose” or  “locating the gas station with the lowest gas prices, but driving 20 minutes out of the way to save $0.05 per gallon, or “parking and “just running in” without feeding the meter a quarter, but returning to find a parking ticket attached to your windshield.” In looking to reduce expenses, one can focus on the wrong things and doing so, neglect the larger picture and spend more money in the long run.

The House bill HR. 1 inclusion to essentially eliminate federal poison center support is just such an example.  Read more »