If a family’s debt continues to grow and grow, it usually leads to serious trouble, perhaps including bankruptcy. You hear regularly that the federal government’s debt is rising rapidly and, like a family, it must cut back and live within its means. Even if the analogy is not used, it seems a near consensus that current federal debt is an
The Economy Is Not Like Your Family
If a family’s debt continues to grow and grow, it usually leads to serious trouble, perhaps including bankruptcy. You hear regularly that the federal government’s debt is rising rapidly and, like a family, it must cut back and live within its means. Even if the analogy is not used, it seems a near consensus that […]