Has anyone else wondered if they teach math at Harvard, Columbia, or any of those elite learning institutions? They seem to do an outstanding job of instructing their students on how to confuse people with less than truthful statements, but basic math skills are absent. I can't tell you how many times in the past two years I've heard the phrase, "most economists will tell you...." Apparently some of those economists have jumped ship, at least those at Standard and Poors. The math of running a deficit has caught up with our country. Since Congress and this administration refused to rip up our national credit card, the issuing agency has decided to make it difficult to carry on this reckless behavior. I hope this didn't catch anyone of you by surprise, like it did our fearless leaders(?).
Here's the funny part, well if there is one. Washington is crying foul, claiming that S&P made a 2 trillion dollar accounting error. The same people who can't figure out that tax income of $2.4 trillion is way less than government spending of $3.7 trillion. It escapes their reasoning why this formula could possibly lead to trouble. Yet these financial geniuses are calling out S&P's math.
Not all of them are completely inept. Some of them jumped ship when they saw the water was up over their chests, at least they were taught survival instincts. The scary part is they retreated into the anonymity of teaching these principles to our youth back at those same institutions of higher learning I mentioned above. It's almost poetic justice, (not to be confused with social justice), that President Obama, Nancy Pelosi, Harry Reid, and Timothy Geithner are left to hold the bag and blaming George Bush.
Now how do we fix this. Let me use some of the math Sister Janice beat into my head way back in 6th and 7th grade, what is know as grade school. A balanced budget amendment in concert with a federal spending cap tied to GDP so they cannot tax us out of prosperity. Bingo! Instant restoration of our AAA credit rating. Math not being the only problem Washington faces, we need some leadership. It's so apparent in life when leadership is absent! If your tired of waiting around for politicians to fix this, and tired of waiting for them to grasp solutions lying right in front of their nose, please investigate TEAM leadership development, and specifically, L.I.F.E., (Living Intentionally For Excellence). It's a crash course in living the principles that made this nation great.