When cutting family expenditures to balance the household budget, thereby avoiding the repo man and the bankruptcy judge, one has to set priorities.
Does the mortgage come first? What about saving for college? How does swapping that leaky legacy faucet for a Price Pfister designer model stack up against continuing to pay those regular life insurance premiums or making the car payment?
Of course, for dysfunctional families, perhaps alcohol or drugs or cigarettes would, pathetically, rank at the very top. Even lacking a popular social disease, some folks might prefer a new gadget or cable TV or a new video game before buying health insurance or school supplies or fixing a broken appliance.
Sad to contemplate, certainly, but, in some cases, no doubt true. In these instances, as much as we profoundly disagree with the choices made, it is at least their money.
But what about when it is our money?
National governments have to set priorities as well. Eventually, at least. (Mr. Obama, please take note.)
Actually, the federal government is piling on debt at such a frightening pace that it is nearly universally acknowledged to be unsustainable. Now both Democrats (save the Obama Administration) and Republicans are looking to make cuts.
Sure, the Democrats offer teensy-weensy cuts — only roughly one-tenth the spending reductions House Republicans are proposing. But regardless of the level of sanity regarding the magnitude of the budget problem vis-à-vis the minuscule budget tightening put forward, any level of spending cuts will necessarily induce a discussion of priorities.
This past week, the House of Representatives voted along party lines to defund (i.e. stop subsidizing) National Public Radio, slicing $50 million dollars from an appropriation for the Corporation for Public Broadcasting.
Republicans claim, rightly, that $50 million is $50 million in savings. This is a point many congressional Democrats dont seem to understand . . . along with missing the principle of addition: $50 million in savings enough times equals billions.
Republicans complain that NPR has a very liberal bias. Right again. (Same for PBS.) The evidence is not merely the recent gotcha video of an NPR exec callously dismissing a large portion of the country as crazy. One also notices the bent when looking at the demographics of NPRs audience.
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