What if you don’t need a new car but you pass a car showroom and look at some new models? You look at one for $60,000 that suddenly catches your fancy, and you decide, why not buy it?
But you get a pang of conscience when you look at the payments so you buy another car in the showroom for only $25,000.
Do you go home to explain your purchase to your spouse and boast; you just cut the household budget by $35,000. You spent $25,000 instead of $60,000, all of which you cannot afford?
Well, that’s how politicians boast about cutting their budgets.Their attempt is to cut the INCREASED spending they can’t afford. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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