Are they lying or just stupid?

If you owed $4500 to the bank 4 years ago and owe $5500 to the bank today, would you announce to your friends that you are now borrowing less? Add six zeroes those numbers and you have the US government. Bill Clinton however, regularly brags that the US in now borrowing less money than 4 years ago even though we have increased out loan by 20%!

Imagine if you spent $100 this year on medicine and planned to spend $106 next year with 6% increases planned for years to come. Would you call that spending plan a drastic cut in spending? Of course, not but the Republicans tried to brag that they were actually going to make real cuts in medical spending. In fact their plan was to increase spending by 6% vs Clinton’s plan to increase it by 8%.

If you talk to a politician for a while they have great power to magically convince you that they are cutting spending and reducing the debt. They talk to you about the decreases in the increases or the spending cuts that are actually tax hikes, and they try to divert our focus from the debt, by talking about a declining deficit.

So the question is, are these politicians lying or are they stupid? The answer is: They are smart as far as politics goes, but politics doesn’t know much about finance, so when it comes to financial issues such as counting money, politicians are quite stupid.

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