How Can A Budget Deficit Produce Rebates?

January 13, 2008 – 4:47 pm

It can’t. The numbers simply don’t add up. Normally, you can’t give money to people that you don’t have but when you are able to print more of the stuff, why should conventional wisdom apply? When members of Congress become concerned about losing seats, they temporarily forget that handy arithmetic they learned in elementary school. Indeed, desperate times call for desperate measures.

Democrats also are eyeing extending unemployment benefits beyond the 26-week limit and a temporary increase in food stamp benefits.

I think we can all guess when those temporary extensions and increases will terminate - sometime after November 4. It would be difficult to provide a more blatant example of pandering to a constituency than this, not to mention the fiscal irresponsibility of providing tax rebates while we still have a nine digit federal budget deficit.

Why should the public entrust the Democrats with the nation’s checkbook for two more years after witnessing the incompetent way they have handled it since retaking the majorities of both Houses of Congress last year? A balanced budget amendment to the U.S. Constitution must be enacted so that situations such as these will stop occurring.