A seductive form of idiocy has been circulating on Facebook, purporting to clarify the federal budget by removing some zeros and couching it in terms of a family budget. Ahhh, now it comes clear – we have a deficit, and if my household had such a deficit, I would be in trouble.
No. Simply no. Don’t fall for this.
Don’t post this and encourage your friends to join you in your “common sense” understanding.
There are three main problems with this misleading piece of work. First, and most fundamentally, it is based on a basic false premise – the federal government does not work like a household budget. Most families do not print their own money, or have the vast majority of their debt held by members of the same family. Second, its fundamental dishonesty leads to a disastrous conclusion. Third, if you insist on analogizing the federal budget to household budget, then at least get a better grip on where the cuts would come from.
To put the silly analogy on the defense, how does it apply if a newly emancipated 18 year-old is considering taking out a student loan to launch a career? How does it apply if a family member has a heart attack, and the family doesn’t have the cash on hand to pay for a doctor that day? Why does this family insist on spending such a huge percentage of its budget on guns? This family would be just fine if it got along with its neighbors better . . .