{"id":9324,"date":"2013-09-11T12:45:53","date_gmt":"2013-09-11T16:45:53","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=9324"},"modified":"2013-09-11T12:51:04","modified_gmt":"2013-09-11T16:51:04","slug":"federal-government-large-household-business","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/federal-government-large-household-business\/","title":{"rendered":"The Federal Government Is Not a Large Household or Business"},"content":{"rendered":"<p>The Heritage Foundation <a href=\"http:\/\/washingtonexaminer.com\/article\/2535520\">presents<\/a> what one hopes it doesn&#8217;t believe is a clever critique of US public finances:<\/p>\n<p><a href=\"http:\/\/blogs.bard.edu\/multiplier-effect\/files\/2013\/09\/Heritage-fed-spending-numbers-2013.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-9325\" alt=\"Heritage-fed-spending-numbers-2013\" src=\"http:\/\/blogs.bard.edu\/multiplier-effect\/files\/2013\/09\/Heritage-fed-spending-numbers-2013.jpg\" width=\"379\" height=\"411\" srcset=\"https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2013\/09\/Heritage-fed-spending-numbers-2013.jpg 903w, https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2013\/09\/Heritage-fed-spending-numbers-2013-276x300.jpg 276w\" sizes=\"auto, (max-width: 379px) 100vw, 379px\" \/><\/a><\/p>\n<p>Brad Plumer has the inevitable <a href=\"http:\/\/www.washingtonpost.com\/blogs\/wonkblog\/wp\/2013\/09\/11\/what-if-a-typical-family-spent-like-the-federal-government-itd-be-a-very-weird-family\/\">takedown here<\/a>. This pretty much sums up the inanity of these government-as-household analogies:<\/p>\n<blockquote><p>&#8220;Anyway, it\u2019s a good analogy. The U.S. federal government really does resemble your typical money-printing family that owns lots of tanks, operates a giant insurance conglomerate, can borrow money at extremely low rates, and is assumed to be immortal.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Heritage Foundation presents what one hopes it doesn&#8217;t believe is a clever critique of US public finances: Brad Plumer has the inevitable takedown here. This pretty much sums up the inanity of these government-as-household analogies: &#8220;Anyway, it\u2019s a good analogy. The U.S. federal government really does resemble your typical money-printing family that owns lots [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[748,123,747,746,1131,335,749,750],"class_list":["post-9324","post","type-post","status-publish","format-standard","hentry","category-fiscal-policy","tag-brad-plumer","tag-debt","tag-federal-government","tag-fiat","tag-fiscal-policy","tag-government-spending","tag-heritage-foundation","tag-money-printing"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/9324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=9324"}],"version-history":[{"count":7,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/9324\/revisions"}],"predecessor-version":[{"id":9332,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/9324\/revisions\/9332"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=9324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=9324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=9324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}