GOP Address: Cut Up the Credit Cards

"In the weekly Republican radio address, Rep. Jeb Hensarling says, President Barack Obama needs to, "Work with Republicans to cut up the credit cards once and for all," as the two sides struggle to reach a deal on raising the debt ceiling." Like ordinary people have learned, you cannot spend beyond your means. It will only lead to financial ruin, not prosperity. Obama and the Democratic Party don't get econ 101. Some in the GOP seem to be waking up to it though:

By the way, Congress never, ever cuts spending

In Congress, both Republicans and Democrats,  remind me of Wimpy, a character in the old Popeye the Sailor Man cartoons. Wimpy liked hamburgers and he frequently said,

I’ll gladly pay you on Tuesday for a hamburger today.

However, with Wimpy, the payment on Tuesday never comes.  With Congress, spending cuts never come.

Unfortunately, many Americans are falling for news reports that tell of budget slashing or Draconian cuts or whatever.  Of course, the cuts are always going to come next Tuesday or next year or in 10 years, just never today.  And, any cuts that are actually put in place are not cuts at all as a real human being would view them.  Rather, they are cuts in the rate of spending growth.  That is, Congress wanted a 10% increase, but only got a 5% increase, so that’s a cut.

About time people started waking up to this.