How did we get locked into this mysterious trope, I have wondered. And just this morning, it came to me--it's Dickens. Well: I don't suppose the average Congressman is up on his David Copperfield, although I'd speculate that a few might have seen the movie with WC Fields. But I bet more than one has heard of the feckless Mr.. Micawber, who said:
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."Link. Right, the very thing, We're going to structure the sovereign fisc around the insisght of the dumbest money manager in human history.