What a Concept - BUDGETIZE

I've read a lot lately about the FED (a private company that controls the value of the dollar by influencing monetary and credit policies) and the game they play in monetizing the debt. They play a little shell game with the Obama Administration specifically Tim Geithner, by buying Treasury Bonds and selling them back to the Fed. This is rather like taking a cash advance on one credit card to pay the minimum balance on another. The process is called Monetization of Debt. After a while it starts to look like this:


Which nut is it under?

Something that occurs to me is that individual Americans are smart enough to know borrowing from Peter to pay Paul means you are in trouble and need to do something to reduce your spending to start paying down that debt. Like Dave Ramsey says, "Time for Rice and Beans - Beans and Rice." So you sit down and review your Budget. You cut back on expenses you don't really need, like the kids cell phones, you premium cable channels, you eat meals with hamburger instead of filet, meals out are cut back to special occasions instead of 3 times a week. In essence we BUDGETIZE.

So why is the administration not smart enough to see that? The amount of pork, and special projects dumped into the expanded budget, stimulus pay backs to Democratic Party supporters, expanding the governments payroll by adding employees and increasing current employee's pay is just another way that produces the opposite effect of Budgetizing.

Instead of guesstimating the cost of the Obamacare Bill can't the CBO tell the Federal Government how much Revenue they will be getting for 2010 and then imagine... the Federal Government could Budgetize to live within that limit, spending only money on items that are prioritized and justified?

Budgetized what a concept.