Yes Nancy, there's a spending problem
The phrase "balanced budget" is commonly used in reference to official government budgets. For example, governments may issue a press release stating that they have a balanced budget for the upcoming fiscal year, or politicians may campaign on a promise to balance the budget once in office.
It is important to understand that the phrase "balanced budget" can refer to either a situation in which revenues equal expenses or where revenues exceed expenses, but not where expenses exceed revenues.
A budget needs to be created based on existing revenue (income) to determine how much you can spend. In Washington they do the reverse by looking for ways to create revenue (taxes) to cover the cost of excessive spending.
I recently attended a State of the City address by Mayor Cindy Silva of Walnut Creek. What I discovered was, not only does the city have expenses that do not exceed revenues but the city also has money in reserve. This is the definition of a "balanced budget."
I think it would be a good idea to take a small team from the city of Walnut Creek and send them to Washington to show them how to balance the federal budget.
When Nancy Pelosi says our federal government doesn't have a spending problem, in the words of Joe Biden, I say "Malarkey!"
Last time I looked, "sequester" is a verb, not a noun as it is popularly used these days. The official definition is to set aside, to separate. Another definition of the word is "to hide, or to isolate oneself,"
Could it possibly be that our federal leadership is hiding? Has it become so politically dangerous to deal with our nation's needs in a timely manner that no politician can speak his or her mind? If so, the appropriate use of "sequester" is to set those folks aside at the very next election.
Thomas E. Lindemuth, Sr.
The Walnut Creek BART station has the lights on in the parking lot and on the platforms 24/7. On a bright, sunny day they light the way for nothing and nobody.
My attempts to get information from BART about this were fruitless. I contacted the Times' "Mr. Roadshow" two months ago, but he has come up empty.
It is so comforting to know that "it is what it is."