5 ms·

Spend less now so we can use the saved money for paying off old spending?

• SideburnsOfDoom 5y ago
  That is in fact how household budgets work. That is not how government budgets work, at all. For starters, payment within a household budget are not typically to other members of the same household. The house's mortgage debt isn't to another person resident there, the groceries aren't bought from an household member. Payments within a country are. It's circulation of money within the entity, not income and outgo. And a household does not own their own bank to manage the circulation. https://theconversation.com/why-the-federal-budget-is-not-like-a-household-budget-35498 https://theconversation.com/why-the-federal-budget-is-not-li... https://positivemoney.org/2018/10/a-government-is-not-a-household/ https://positivemoney.org/2018/10/a-government-is-not-a-hous... https://www.forbes.com/sites/francescoppola/2018/04/30/governments-are-nothing-like-households/?sh=58e536cc54f8 https://www.forbes.com/sites/francescoppola/2018/04/30/gover...
  • PhileinSophia 5y ago
    Did you learn this in your AP econ class? Logic doesn't go out the window once you get to government scale.