I was just watching Fox news, and the commentator asked the guest (sorry, I didn’t catch his name) what they thought was the first thing to look at in order to cut government deficit spending.
The first thing the guest said was that of course we must maintain these protections, like social security and medicare, for – well – everybody, now and into the future.
The thing about it is, I’m hearing this refrain from both sides of the political divide. Because the politicians are afraid to even appear to be reducing entitlements.
I have not heard a single talking head answer this question the way I would. Here’s what I would say:
“Well, first, we have to look at our budget. How much money do we have, and how much do we have coming in every year. The second thing we do, is figure out how we best need to spend that money. We look at our debt and how to reduce it. And we cut or eliminate spending on the things that we can not afford, until we reach the point where the spending does not exceed the income. No matter how much it hurts, on average the spending must not be allowed to exceed the income. If we can’t afford it, we can’t afford it – period.”
This is how I run my personal budget, and it works.
Funny thing is, there are an awful lot of politicians on both sides of the fence – including, apparently, the majority of the left – that apparently don’t have the faintest idea that you cannot spend what you don’t have except in the very short term. And you MUST pay that back.
Either that, or they do understand, but their primary goal is being reelected rather than the well being of the country.
Failure to grasp this basic reality is self-delusion. And our government is, unfortunately, largely delusional. Which is scary.