Budget QOD

Filed in National by on June 4, 2009

How come when politicians talk about the government needing to balance their check book like regular folks they seem to forget that regular folks have a mortgage, car loan, student loans, credit card debt and a hole host of other debts?

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  1. jason330 says:
    June 4, 2009 at 9:36 am

    During Clinton’s successful runs, James Carville used to point out that we got to the moon on credit and defeated Nazi Germany on credit.

    If the talking head from the other side had the nerve to continue with the “balance their check book like regular folk” nonsense he’d go onto ask, “Did you do to a state school or a fancy private University? Did you pay cash?”

    That would shut them up. Carville was good for a while.

  2. Brian Shields says:
    June 4, 2009 at 9:49 am

    So how about a balanced budget amendment with a wartime deficit clause enabling up to a certain percent of GDP?

  3. Joanne Christian says:
    June 4, 2009 at 9:54 am

    Because regular folk shouldn’t buy bigger houses than they can afford monthly, upgraded cars that can’t be managed in a budget, and credit card debt that is bartered like an extra pay check, every pay cycle! Live, drive and spend within or beneath your means. Reader’s Digest Sweepstakes winners were already announced for this year.

  4. anon says:
    June 4, 2009 at 10:06 am

    Because regular folk shouldn’t buy bigger houses than they can afford monthly

    If you factor in the possibility of losing your job during the greatest downturn since the Great Depression – NOBODY should ever buy a house.

  5. anon says:
    June 4, 2009 at 10:08 am

    So how about a balanced budget amendment with a wartime deficit clause enabling up to a certain percent of GDP?

    The “Permanent War” Amendment.

  6. Brian Shields says:
    June 4, 2009 at 10:55 am

    anon@5

    You seriously don’t see any administration doing the right thing and ending an unpopular war, just because the tease of spending beyond their allowable budget?

    Wait, I forgot what country we are in.. nevermind. Obama has 10 months to go on his 16 month promise that isn’t going to happen.

  7. Unstable Isotope says:
    June 4, 2009 at 10:59 am

    There’s a problem when people confuse macroeconomics and microeconomics. Running a government is not just like running your home.

  8. Rebuild the Delaware GOP says:
    June 4, 2009 at 3:11 pm

    The obligations a person undertakes is of course their choice and responsibility. If they overspend they have to make adjustments.

    Credit must be managed smartly not abused crazily.

    When the government overspends and it is at every level we all suffer with inflation, higher taxes and a poor value for taxpayers.

    There should be a Taxpayer’s Bill of Rights to limit budget increases to population growth and inflation. If the state of Delaware did that over the last 15 years we would have no deficit.

    Mike Protack

  9. arthur says:
    June 4, 2009 at 3:21 pm

    hold on. is the government supposed to be run like a household or a business. they seem to always want it to be run one way or another, but never correctly.

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