I have to admit: I am a little skeptical of some major news stories on April 1st. After all, there’s always the chance that it could be an April Fool’s joke, like this story from April 1st of last year that ran on the BBC announcing that the world had exploded. So, it was with this in mind that I did something of a double take when I saw the following headline: Obama Proclaims April the Month to Teach Young People ‘How to Budget Responsibly’. I think this to myself because a) when has Obama ever trumpeted budgeting responsibly; and b) surely, there’s someone in his administration with enough self-awareness to pull him aside and inform him of the delicious irony of him going out and doing this.
Unfortunately (for him, I suppose), that was not the case. As the story I linked notes:
President Barack Obama, who has increased the national debt by $53,377 per household, has proclaimed April“National Financial Capability Month,” during which his administration will do things such as teach young people “how to budget responsibly.”
“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” Obama said in an official proclamation released Friday.
The full proclamation can be found at the White House’s website here. From there, we get:
My Administration is dedicated to helping people make sound decisions in the marketplace. Last year, we partnered with businesses and community leaders to roll out new public and private commitments to increasing financial literacy. We released a new financial capability toolkit to help schools and employers as they launch their own initiatives. And with our College Scorecard and Financial Aid Shopping Sheet, we are working to give families clear, transparent information on college costs so they can make good choices when they invest in higher education. 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.
While teaching our young people how to budget responsibly and make sound financial decisions are indeed laudable goals, why don’t you pass your own budget first before lecturing us on how to make decisions with our money, Mr. Obama? The hypocrisy is astounding.