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It's inaccurate to compare the federal budget to a household budget; a household budget is built around the premise that the earner(s) will eventually retire/die and must settle all their debts in a finite period of time.

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Posted
  On 10/13/2021 at 9:45 PM, Raptorpat said:

It's inaccurate to compare the federal budget to a household budget; a household budget is built around the premise that the earner(s) will eventually retire/die and must settle all their debts in a finite period of time.

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There are also major consequences for looming, out of control debts in both cases.  

 

For a household, it's loss of the house.

For a government, it's the eventual inability to sustain itself, such as what happened to Ancient Rome.

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