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Friday, November 30, 2012

That damned Option

What's Mallard raving about today?

Debt

Yes, yes...your feeble brain believes that government spending and household spending are in any way similar. We get it. Doesn't make it true.

5 comments:

Neo Tuxedo said...

So, the word balloons are going to Ms. Karp, whose mouth is closed, and not the person whose mouth is open.

WV: 88 anBush. At least one thing here is on Tinz' side.

Kip W [Muffaroo] said...

Ha ha! Silly wage-earners! That kind of move only works for rich people. If you try it, they'll take your lunch money and leave you in the street.

Anonymous said...

Well, one way that government spending is like household spending, is that if you put a very expensive war on your credit card while reducing income, you will go broke.
For the record, any tax increase, that may or may not happen, should be called the "Bush War Tax".
Note to Grover: GOP already raised everyone's taxes when they approved the Iraq war and increased the debt.
DW

Randy Winn said...

Econ 101: economic activity occurs when there is demand for stuff.
If private demand is low, public demand must be increased.
Public debt can be a problem, but it is at most a long-term problem, comparable to having to re-shingle your house. Putting out a house fire is more urgent than worrying about water damage to the shingles.

Frank Stone said...

Yeah, Bruce -- managing the finances of a country is just like managing the finances of a household.

Now tell us how a country should be run like a business.