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Like pretty much any graphic dealing with this situation, it gets plenty of things wrong. First off, government debt is hardly comparable to credit card debt; more like mortgage debt, but even lower interest. So a family with a $150k mortgage is hardly that crazy.
Furthermore, it assumes that current deficits are anything like the long-run average, which they are not. Cyclical adjustments are far larger in gov't budgets than in family budgets, with good reason.
That being said, obviously to crow about a few billion in savings here or there isn't a good idea, though actual economies are worthwhile regardless of the magnitude.
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