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The debt is not nearly as scary as you think: government budgets are nothing like family budgets

Graeber, David (2011) The debt is not nearly as scary as you think: government budgets are nothing like family budgets. New York Daily News.

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Abstract

We have to live within our means. That's what President Obama repeatedly tells us, echoing a point Republicans have been making for years. Like households, governments must husband our resources and balance our budgets, or future generations will surely pay. There's a problem here. The analogy is ridiculous. Government budgets - and the U.S. budget in particular - are absolutely nothing like a household budget.

Item Type: Article
Official URL: http://www.nydailynews.com/
Additional Information: © 2011 NYDailyNews.com
Divisions: Anthropology
Subjects: G Geography. Anthropology. Recreation > GN Anthropology
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HX Socialism. Communism. Anarchism
Sets: Departments > Anthropology
Date Deposited: 04 Oct 2013 09:47
Last Modified: 31 Dec 2019 00:08
URI: http://eprints.lse.ac.uk/id/eprint/53327

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