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Tuesday, November 22, 2011

postheadericon THERE ARE NO CUTS! â The fallacy of baseline budgeting

I almost have to laugh at the old car commercials with the loud salesmen and the blinking graphics, “Come in today and save $5,000!!”  You have to know that this type of advertising works because it is still being used.  Ergo, there must still be idiots out there that think they are really saving $5,000 by spending $25,000 on a car that has a $30,000 price tag on it.  So it is with baseline budgeting and “Washington” speak.
 
The ignorant on both side of the aisle are decrying the failure of the “Stuper-Committee” (NO, I didn’t spell that wrong) as the next man-caused disaster.  With weeping and gnashing of teeth, they rent their garments and wail at the moon, giving a performance that only Chicken Little could appreciate.  Now, because 12 of the most partisan people on the hill couldn’t come to an agreement as to what to order for lunch, let alone the deficit, the debt ceiling legislation passed in August will kick in “draconian” cuts ! to both domestic and defense spending.  Only, there’s one little problem….
 
THERE ARE NO CUTS!!!

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