a: federal government ~
b: borrowing $100,000 from a bank
What:
"The budget of the federal government is like you borrowing $100,000 from a bank and declaring that loan as income on your 1040. You wouldn't do include this income on your personal return because overstating your income would cost you more in taxes. The government on the other hand has no disincentive to overstate its revenue. In fact, inflated revenue can be a trumpeted success."
Useful?
Writer: Brenton Smith
LCC:
Where:
Date: Mar 8 2016 7:12 PM
# 9556 Critique Analogy