Why The Federal Budget is Different From A Family Budget - An Illustrated Lesson

The right wing keeps harping that the Federal government HAS to balance its budget by using the argument that you and I have to do so. BUT, there are a few differences between a sovereign state (like a COUNTRY) and a private citizen (like you or me). The following graphic illustrates some of these:

 federal-vs-famiily-budget.png

In point of fact, governments CAN print money, and when the United States has done so without fear of deficit spending, we have enjoyed periods of immense growth - UNTIL Republican administrations killed these expansions with a combination of tax cuts on the wealthy and reductions on government spending aimed on people who ACTUALLY SPEND THE MONEY THEY GET.


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  • commented 2014-08-15 21:46:01 -0500
    Great work, if I do say so m’self!