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View Diary: America Should Balance Its Budget Just Like American Families Do (13 comments)

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  •  Comprehension Fail (3+ / 0-)
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    LeftOfYou, Expat Okie, Tommye

    Whether or not the diarist and his wife work in public service or as a chef and a paralegal is irrelevant.  They have maintained jobs and income providing a service for which they are paid.  The government provides services for which we, the taxpayers, pay. Why in heaven's name would you pick THAT point, of the whole diary, to whine about?

    Did the diarist and his wife provide services, and continue to provide services, for which they were fairly compensated?  So those paychecks made for a decent  living -- isn't that what most of us would want and strive for?  Why is it a crime to have done it by going into PUBLIC SERVICE?  They did what anyone else in their positions would surely have done, and for the same reasons:  to do a job they are good at.  To be able to pay for the regular outlays of daily living with cash on hand and, with debt paid back over time, afford a car, a house, to send one's kids to college, to be assured of preventative health care and other health services as needed.  To be able to afford a vacation, maybe, now and then.

    So what if the paycheck says "United States Department of..." or "Metropolitan District of...?"  It's still a paycheck.  It's still payment for services rendered that will be turned around to grease the wheels of private and public spending and help fuel the economy.  

    As for "support[ing] any Republican meme regarding debt," did you actually READ the diary?  The "meme" we are discussing is the hoary chestnut that the government's budget is like a family's budget, and debt is something we must get out of even if it kills us.

    Personally, I've never lived in or run a family that bent all its efforts on the elimination of every scrap of debt.  I'm rather younger than the diarist, but to my memory, there's ALWAYS some debt out there.  A credit card you use for gas purchases.  A mortgage.  A car payment.  Hell, the day after I pay off every single bill I ever had I would still have debt accumulating -- the utility charges, the property taxes, the car insurance that comes due every six months, the sudden or planned house or car expense that I simply won't have the hundreds or thousands of dollars on hand to pay for in cash.  

    Debt and payment, services needed and services rendered are the base cycles of an economy.  And what the diarist is very clearly saying is, "Debt, in its proper place, is not a bogeyman, either for national or family budgets."

    Anything wrong with that statement?  

    Then he notes that due to retirement, and a planned reduction in income, they are paying down their debt in preparation.  And then he knocks the chestnut into the fires of logic:  the government never retires!

    The government, unlike most of us working for a wage, never faces the end of its working existence.  It can string out debt for eternity, because it HAS eternity to pay for it.  There is no Zombie Apocalypse.  The date of the Last Judgement has yet to be revealed.  The United States has all the time it needs to accrue debt, service debt, pay debt, renegotiate debt... there is no light at the end of the tunnel because there is no tunnel.  

    We don't have a debt crisis. We have a cash flow crisis  -- one that could be fixed with a one page bill and a show of hands if the political will existed in Congress to do so.

    But even that doesn't invalidate the diarist's point.  If you run the government like a business or a family that will never see an end of income, then yep, it's a perfectly valid thing to consider.  You incur debt to support prosperity, over and over and over again.  Forever.  Because that's how long the government has.

    History should teach humility and prudence, but America doesn't seem to learn. I've never seen a virgin who loses her innocence so often. -- Gordon Wood

    by stormicats on Sat Apr 06, 2013 at 06:53:35 AM PDT

    [ Parent ]

    •  It does matter. I myself am post military (0+ / 0-)

      I prospered due to government guarantees on my first home and my college education.

      Incurring debt is one thing, incurring debt backed by the government is another.

      There is a difference and it needs to be voiced.

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