I don’t always agree with Glenn Beck — more often than not, he’s a real kook. But he’s always entertaining and gave an analogy that really puts things in perspective…

Assume you have an individual who makes $50K a year. That individual ran up $300,000 in credit card debt last year. So s/he goes to the bank and says “look, I know my spending got way out of hand last year, but I’m going to make you a deal. Next year, I’ll cap my spending to $300,000. And to sweeten the pot, here’s $210 towards what I spent last year”.

Do the math people! That’s the equivalent of what Obama’s trying to do when he says he wants to freeze 17% of the federal budget at last year’s level.