Most American families and businesses have faced the recession by cutting spending and budgets. Some have done this many times.
So here comes the federal government, for the first time in the five-year recession facing the possibility of spending cuts. Predictably they're calling this "brutal" and "a bad idea." Here's the "brutal" task they face:
The sequester - $85 billion in required spending cuts- would amount to only 2.2 percent of the $3.8 trillion that national politicians spent in total last year. It comes to just 6.5 percent of the 1.3 trillion deficit dollars they created to cover their overspending in 2012.
During the last four years, national politicians have overspent by an average of 1.3 trillion deficit dollars each year. Over that time 37 percent of all federal outlays came from deficit spending.
Of course while arguing over the impossibility of their task, politicians will never address the most brutal issue of all. What part did government deficit spending play in causing and prolonging the recession?
Obviously our national politicians want to spend - they love it. They're clearly addicted to spending and the power that comes with it. And just like junkies, they have no regard for the consequences of getting their fix.