President Barack Obama has issued a proclamation declaring April “National Financial Capability Month,” urging individuals and families to become more conscientious about how they manage their personal budgets.
The proclamation states the Administration’s conviction that there’s “no economic engine more powerful than the middle class,” and refers would-be home economists to two government websites, mymoney.gov and consumerfinance.gov, to help them attain greater “financial literacy.”
The apparent lack of ironic intent on the part of the Administration for selecting April, of all months, as a time to encourage Americans to do not as the President does, but as he says, was quickly seized upon by one Internet site after another, after another.
Some snippets from the President’s proclamation:
During National Financial Capability Month, we recommit to empowering individuals and families with the knowledge and tools they need to get ahead in today’s economy.
My Administration is dedicated to helping people make sound decisions in the marketplace…
…Together, we can prepare young people to tackle financial challenges — from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account.
Of course, there’s no point in the President issuing a proclamation on personal finance without throwing in a little regressive economics:
We also know that too many families are living paycheck-to-paycheck, unable to take advantage of tools that would help them plan for a middle class life. That is why we must build ladders of opportunity for everyone willing to climb them – from a fair minimum wage that lifts working Americans out of poverty to high-quality preschool and early education that gets every child on the right track early. These reforms would encourage the kind of broad-based economic growth that gives everyone a better chance to secure their financial future.
CNS News nicely parsed the absurd irony of this President entreating Americans to live by the basic financial principles that no one in the White House (and few in Congress) have managed to apply toward government borrowing and spending. The national debt has increased by $53,377 per household. It’s increased more than $6 trillion, up from $10 trillion in 2009 to $16 trillion today. And the President still hasn’t submitted a fiscal year 2014 budget.