Mr. President, do you think we’re stupid?
mind-boggling. Here we have the President of the United States standing before
the world and claiming that his latest budget balances in 2015. He didn’t even
flinch when he said it.
Yet his own budget document shows clearly on
page 160 that the deficit in that year is $669 billion with a ‘b’. When
questioned on this obvious inconsistency, Obama said, in effect, that his
calculus does not include interest payments. This was later confirmed by his
budget director who used the term ‘Primary Budget’ to describe this cool new way
of viewing the world.
Who knew that we didn’t have to count interest in
our budgets? This is good news for all of us who carry balances on our credit
cards or have mortgages. Interest payments don’t count. Sweet! I don’t think
the banks will be too happy about this, or the Chinese in the case of our
national debt, but if it’s good enough for the President, it’s good enough for
me. It would be helpful if Mr. Obama would just provide us with a note we can
give to our bankers stating that interest doesn’t matter, so there’s no
confusion when we refuse to make our monthly payments.