Monday, January 23, 2012

Yet another deficit: leading by example

For a government that claims to know what's best for you, from what you eat to how to spend your money for you, Uncle Sam talks a good game but sets a lousy example:
After saddling the country with as much new debt as the rest of the world combined in one year flat, one would think that Uncle Sam wouldn’t have the cojones to dish out debt advice to others. But one would be wrong. In an unwitting self-parody worthy of Froma Harrop on The Daily Show, the Federal Trade Commission has created a step-by-step web guide for Americans “Knee-Deep in Debt.”

The first step, says the agency, which represents a government that went over 800 days without passing a budget, is: create a budget! Get a “realistic assessment of how much money you take in and how much money you spend,” it lectures those in financial doo-doo, seemingly oblivious of the fact that its own bosses have promised $60 trillion to a $100 trillion more in entitlements than the country has money to pay for.
Politician, heal thyself. Then we'll talk.

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