Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Wednesday, January 09, 2013

A guide to using analogies to explain complex political issues

debt ceiling

Last week, people started sharing an image on Facebook that claimed to put the budget issues facing our country in perspective by comparing the numbers to a household budget. Just like my last post, that makes sense if you don't really think about it.

The problem with this analogy is that the situation is far more complex than the comparison allows. For starters, a worker cannot raise his household revenue in the same way a government can. Yes, a family member could work more hours or get a second job, but that's assuming that the hours or job is available. As many people today will tell you, getting a job, let alone a second job is far from a sure thing. A government, meanwhile, has many ways to raise revenue that are guaranteed.

On the other side, government debt and household debt are vastly different. A government can borrow money at a rate close to zero percent, while a household has to pay a much higher rate. In addition, a government can get far more value for their borrowing than a household can.

That's not to say that our government does not need to spend less. I'm simply saying that the comparison between a household budget and a government budget is so flawed as to render such a comparison meaningless.

Friday, July 29, 2011

Congress Desperate for a Lindsay Lohan Arrest

After over a week in which the debt ceiling crisis was the top news story nationwide, Congress is tired of the attention.

[caption id="attachment_989" align="alignright" width="333" caption="Shortly after this photo was taken, Eric Cantor flung feces on the wall and walked out on his hands."][/caption]

“Why can’t that Freaky Friday girl go off the wagon again or something,” House Speaker John Boehner (R-Ohio) said. “That will get us off the front page for three days, minimum.

Speaker Boehner’s bill is up for a vote in the House in less than an hour, and is expected to be as politically important as the color pen with which Malia Obama does her English homework.

“Black pen? Is she trying to play the race card?” said an incredulous Rush Limbaugh.

Political satirist @OTOOLEFAN then wrote a series of tweets asking if Limbaugh said “Black penis” as a Freudian slip.

Karl Rove ridiculed the idea that Congress is actively hoping for a major celebrity meltdown story to take the nation’s minds off the Tea Party faction’s inability to compromise in the manner of most children over the age of two.

“Still, it would have been more helpful if that Casey Anthony thing had happened this week,” said Rove.

 

Thursday, July 14, 2011

Obama Changes “Debt Ceiling” to “Patriotic Liberty Freedom Level”

After another day of discussions to increase the debt ceiling and avoid the United States from defaulting on its debt obligation for the first time in its history, President Obama decided that he would have to “break out the big guns.”

[caption id="attachment_965" align="alignright" width="300" caption="President Obama thinks of more things to rename"][/caption]

“They say that you should learn from your enemies,” said Mr. Obama. “I realized that I needed to stop trying to convince the Republicans to do what was best for the country and start framing the discussion so that we could attack the GOP during the next elections cycle.”

“I used to think that acting in the best interest of our nation’s citizens was the goal,” he continued. “Thankfully, I realized that winning political points comes before paying our fucking bills.”

In order to achieve his new goal, the president has decided to simply rename the “debt ceiling” to the more politically helpful “Patriotic Liberty Freedom Level.”

“If you don’t act like goddamned grownups,” he warned, “We will run ad after ad in 2012 that says you refused to increase the Patriotic Liberty Freedom Level. I don’t know about you, but I wouldn’t want to explain how I voted against that.”

While he’s renaming things, Mr. Obama announced that “ObamaCare” will be renamed “FreedomCare,” “Immigration Reform” will be renamed “The Sanctity of Marriage Act,” and “Taxing the Rich” will be called “Justice for Caylee Anthony.”

“Have you seen Facebook?” Obama said. “Vote against the ‘Justice for Caylee Anthony Act.’ I dare you.”