Just listen to that good old-fashioned common sense. You know, really breaks our government problems down for the common man in that classically patronizing yet wholly inaccurate way that politicians seem to excel at. There are a lot of lame talking points out there, but this one probably drives me the most nuts. And while I mostly hear it from Republicans, far too many of my own have fallen for its folksy kitchen table appeal. Here’s the problem.
First off, how much like the federal government is your household really? Granted, things may be a bit different in your home than mine but we haven’t had a whole lot a luck getting anyone to accept our family currency. And the international markets? They’ve turned their nose up at buying our bonds. When we have borrowed money, it sure wasn’t at 1.5% like US Treasuries. I will say, sometimes our neighbors do get a bit out of hand but I think a drone strike might be a bit over the top. In fairness, my daughter did attempt a Mitch McConnell style filibuster but it didn’t really work out for her.
And actually, even if you did pretend that your household worked exactly like the largest most complex government in the world, the analogy still doesn’t make any sense! You may not have noticed but our families buy things on credit all the time. Especially at this time of year. Plenty of families take on long term debt for things like, I don’t know, a house? Or an education? In other words, investments for the future. Hey! That does actually sound like something the federal government should do. Businesses borrow too! So don’t give me this nonsense about how for families and business owners the revenues and expenses have to add up every year. They don’t. My family and many others have yet to pass a balanced budget amendment.









