On Keeping Your Eye On The Ball…

DistractionsWhile the media distracts us with bewhiskered trivia from ‘Duck Dynasty’ and our exhausted from perpetual campaigning President staggers off to another vacation, is there really anything that matters going on? There is one thing, the one no one is paying attention; it is called: ‘the Budget.’ It matters a very great deal, which is likely why it’s being ignored in the annals of the mighty.

In itself, the budget is normally show business. It advertises Congressional spending plans without committing the Congressfolk who, when the four quarterly actual spending bills are passed, may or may not remember what they said in the budget. But the budget shows what Congress is thinking and often more important, what it is not thinking. What the present budget shows that the mighty do not wish to discuss, is the intent by both Democrats and Republicans to continue spending money that does not exist. That tells us another thing: The Fed’s recent nominal reduction in manufacturing funny money to sustain that spending (the ‘taper’) is another piece of show business. It is all designed to lull us into belief that our wise leaders are in control and all is well, or will be shortly. And if you believe that...

Every American taxpayer owes $150,000 of government debt, plus interest. The median taxpayer’s income has been hovering around $50,000. He has his own debts to pay; is this turnip really going to supply the blood to repay our national debt? Our government is upside down as the mortgage folk like to say and there’s no magic purse, just tapped-out taxpayers. Best not discuss any of that, stick to the Ducks and the Presidential vacation and dissing the Russians in favor of the gay lobby.

So the ‘continue spending’ budget is non-news and your dollars value diminishes quietly, without fanfare back at the reality ranch. Our governors and media see no news in that, but maybe some folk, those who must live off their own money rather than someone else’s, do. Some of us don’t have the privilege of ignoring reality at other’s expense…

 

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About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Congress, Debt, Fiscal/Financial Responsibility and tagged , , , . Bookmark the permalink.

2 Responses to On Keeping Your Eye On The Ball…

  1. Pete says:

    It seems that the Governor of our state, Alaska, is taking lessons from Washington and spending more in next years budget then he is taking in, and like congress he is “borrowing’ the money from our savings account.

    • Jack Curtis says:

      Yeah, plague spreads…

      Some state constitutions bar deficits; guess Alaska doesn’t? And he likely needs the legislature to set it up, which makes them part of it, right?Maybe you need a season on politicians…you could hold it right after deer season…

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