(cross posted at Where The Vulture Glides Descending)
Deficit hawks (or “deficit peacocks” as many on the left prefer to call them, since they plainly have no actual interest in doing what needs to be done to reduce the deficit) are always asking the American people to look at the budget and spending of the Federal Government in terms of your own household budget. “You can’t responsibly run up these kinds of deficits and borrow against the future in the way that the government does in your own home or business,” they say (I won’t get into how businesses ACTUALLY operate in this country). So I decided to look at how the current proposals to reduce the deficits and national debt would apply to my own home finances.