Use Congress’ plan, to fix things, right?
Here’s an idea: Americans can use the deficit reduction agreement Congress has adopted as a model to manage their personal budgets, and really cut spending.
Suppose one’s annual income is $50,000, but they spend $80,000 annually, which is an annual deficit of $30,000.
Here’s how: By using Congress’ plan, they can cut $30,000 from their budget – just plan not to buy a new $60,000 Lexus they can’t afford, and instead buy a new $30,000 Ford they can’t afford.
They’ve saved $30,000, right?