Imagine you pay an accountant/financial manager a six-figure annual income to maximize your finances….set up a reasonable budget, pay bills, keep you out of debt, etc.
Now imagine this mythical bean counter called you today and said:
“Great news! Even though I’ve had all year to prepare your budget, I’m only getting it done at the 11th hour and it’s only good forhalf a year.”
Oh and by the way, with this budget, you’ll still keep falling deeper into debt for the next decade but you’ll feel good about it for at least a year.
So, $33 billion and $40 billion amounts to 0.23% and 0.28% of the total federal deficit. Even with these cuts, the deficit will grow because they’re not even close to the amount of spending reduction we need to actually get back in the black.
These numbers should tell you that the federal government has nothing but a token intention to reduce deficit spending. (The Street.com)
And remember how I said we would cut all this unnecessary household expenses. Yeah, turns out we’re gonna spend more on the most unnecessary ones. Yeah, that’s greeaaat.”
“HOW DID THIS HAPPEN!” you exclaim, grabbing the number cruncher by his paisley tie.
“Well, it wasn’t my fault. It was the other guys in my firm!”
“This is indefensible, and everyone should be outraged,” Mr. Reid said on the Senate floor. “The Republican House leadership have only a couple of hours to look in the mirror, snap out of it and realize how truly shameful they have been.”
In a terse statement of his own to reporters, Mr. Boehner said there was “only one reason we do not have an agreement yet, and that is spending.” He asked, “When will the White House and when will Senate Democrats get serious about cutting spending?”
How long would it be before you told the bean counter to yeahh..go ahead and ummm …. leave. And yet, we keep paying our supposed budget gatekeepers more and expect behavior no better than school children (except school children generally don’t hold press conferences to show off their childishness).