Nancy Pelosi, the
remarkably well-preserved former Speaker of the House, has contributed mightily
to the ongoing debate about the 6 trillion dollar debt explosion we have
endured over the last 4 and a half years. Appearing on Fox News, she told Chris
Wallace that it was a “false argument to say we have a spending problem, when in
fact we have a budget deficit problem.” To make it even more clear Rep. Steny
Hoyer added this valuable insight, “we don’t have a spending problem, we have a
paying for problem.”
Crickets.
Far be it from me, a mere business owner who over a thirty
year career has managed to overdraw his checking account only once, to question
two savvy veteran politicians, but I would say that if you have spent 6
Trillion dollars more than you have collected over 4 and a half years, you have
a problem that sure looks and sounds like it has something to do with spending.
But if Nancy and Steny and President Obama are convinced that our financial
problems have nothing to do with spending too much money, well then, it must be
true. I do wonder though how this explanation would hold up down at my bank:
Me: A problem? What?
I don’t understand.
Wells Fargo Banker:
Well, generally speaking, one needs to have sufficient funds in an
account to cover checks written. In your case, you spent $1482 more than your
balance, so there’s a spending problem.
Me: No, no. You don’t
seem to understand. I don’t have a spending problem. It’s more like a deficit
problem.
Wells Fargo Banker:……………yes…but that’s pretty much the same
thing.
Me: More
specifically, I don’t really have a spending problem as much as I have a paying
for problem.
Wells Fargo Banker:
Wait…what?
Me: Here’s the thing.
Yes, my accounts seem to be out of money, but just because I’m broke doesn’t
mean I can just stop making investments in my business. That computer I bought
over the weekend is going to pay huge dividends down the road in improved
efficiency at the office.
Wells Fargo Banker: I’m
sure it will, but Mr. Dunnevant, you are $1482 overdrawn and I will have to
charge you $150 for the bounced checks.
Me: Fine, just put it
on my tab. One of my kids will be getting married at some point and then it won’t
be long before I’ll have a grandchild. He’ll be good for it, I’m sure.
We are being governed by morons.