July 2, 2010

Analogy of the Day: Government Spending

If the American economy were an automobile then increasing government spending is the equivalent of taking money away from the engine and using it to put more accessories on that the very same engine will now be required to carry, despite being weaker than it was before.

That doesn't work very well when the engine has been downsized model after model for years already.  The U.S. government is now trying to run an Abrams tank on the engine of a Yugo Chevrolet Aveo.

(Updated: the socialist automobile to present day).

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