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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because a federal budget is not the same as a household budget. We need to ditch this dumb analogy.[/quote]

this has to be the perfect answer from a DCUM elite.

incoherent nonsense.   but makes you feel smart.

AYK[/quote]

PP is right. Federal budget is almost the exact opposite of household budget. If there’s a downturn, spending expands because of our safety net. The opposite of what happens in a household.

The problem is that in good times, it should bring down deficits. Dems have repeatedly done this but not enough. Clinton ran surpluses and almost paid off debt until bush decided everyone needed a tax cut. Every crisis/recession since has meant the safety net runs up bigger deficits and increasingly hard to bring down.

And most households don’t have bonds that every international investor usually wants to hold. If households could borrow a lot of cheap money, they probably would. The problem is that Trump is scaring everyone off and the investors want higher interest rates. [/quote]

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