Families Do Not Balance Budgets

Much to the chagrin of the Republicans and the Tea Party arguing that the government should do what families do, balance their budget, they don't want to see, let alone express the truth and reality. Simply put if families balanced their budget, here is what would happen because we would all have to live off our savings and cash.

Few, if any, families would buy a home, that takes a loan.

Few, if any, families would get a home equity loan, see above statement.

Few, if any, families would buy a car or cars.

Few, if any, families would put children through college or any higher education.

Few, if any, families would have a credit card, line of credit or personal loan account.

Few, if any, families would take a vacation, see above about credit cards.

Few, if any, families would have health insurance since they couldn't pay their costs.

Few, if any, families would have home insurance, since they couldn't pay their costs.

Few, if any, families would make large purchases, see above about credit cards.

Every family would only carry cash or debit cards but no credit cards.

Almost Every family would rent since they couldn't buy a home, see above about home loans.

And so on down the list. If government ran their budget like families..., wait, they already do. Government does what every family does, run debts, use credit, make payments, and so on using borrowed money from someone else or relying on someone else, insurance companies, to cover emergency costs, health insurance, home insurance, car insurance, etc.

So stop lying and get your facts right. Wait, you have never had your facts right, which is why you only know lying. And the real truth is government is not a family. It's government and debt and deficits are normal. Just like families but for all people than just our family. That's the truth and reality.