Aug. 1, 2011 - PPM - Congressional Math

This week's PET PEEVE MONDAY (PPM) is about the current Debt Crisis.

First off, this is a MANUFACTURED crisis. It didn't need to happen. We knew about the pending debt limit MONTHS AGO. It was also played up by the media with their 7*24 coverage and count down clocks. If the Casey Anthony jury could have just taken a bit longer to contemplate. their decision, there would have been no time for the media to cover this "crisis."

My other PEEVE is that no one has really put the severity of our debt into perspective. It is now $14 TRILLION.

People are defining the notion of a "Balanced Budget Amendment" as a radical Tea Party idea. The notion that you only can have expenses equal to your revenues is what EVERY person, other than our federal government, must live by.

This Congress and President have apparently come to some agreement. The bill that is proposed will do nothing more than to "kick the can down the road."

They propose a $3 Trillion Debt Limit increase with corresponding reductions in spending. Here is the problem. The spending decreases are against proposed budgets that were DEFICIT BUDGETS anyway.

It's like your wife coming home to tell you she saved $100. She bought a $300 dress for $200. Congress' math is that they saved us $100. REAL math says you save $200 by not buying a discretionary item.

Bottom Line. There is no reason why we should NOT have a BALANCE BUDGET AMENDMENT. It is long overdue and should be a no-brainer.

But again brains and Congress should not be used in the same sentence.



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