Wednesday, August 3, 2011

Balance This.

So. Let me ask you this? Who thinks the country should pass a balanced budget amendment? You know. A "pay as you go" plan? Well who can say they have, in fact who has always had such a plan in place in their household? You do? I beg to differ with you. I don't think you have. I can say that because I don't know any people, or at least very very few, who can honestly say that. Do you have any idea what that means?  It means no car loan. No mortgage on your house. You always have to pay cash. If everyone had to live by those rules, very few folks would own their own homes. Then again, who would be the landlords for all the people who would suddenly become renters? I can only imagine a system like medieval Europe with lords and surfs. Think back to all the things in your life that you bought on time. Now imagine what you would have done without those things. Where would you have lived? With your parents and grandparents? How about getting to work? How about that great vacation you're still paying on? Have you paid off your student loan yet? Or the wedding, or the ring? What about all those Christmas presents bought on your charge cards? In fact, what charge cards? Now I understand that a number of states have balanced budget requirements, but a budget can always be "balanced" so long as you're willing to "play" with the figures. It's what's between those little dashes that matters. In a local city, the budget for this year was balanced by assuming that certain revenue would be forthcoming. Well guess what? It didn't happen. It was never expected to happen. By anybody. But it balanced the budget. Now they've got as problem. There's an old slang saying that figures lie and liars figure. To be sure, our country has overstepped it's borrowing. By just a tad. But, boy oh boy what a tad. If anybody thinks that the, just signed, legislation solves the problem, it hasn't even begun the process. That's because figures aren't the only ones to lie. Congress has far more experience and a lot more finesse then Bernie Maddof. And ya can't put them in jail for it.

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