The family-to-government comparison is appealing. But in practice, there are huge differences between the federal government and the average nuclear family. “If you want to compare the government to anything, compare it to a business. Typical businesses borrow money and they never pay it off,” argues Dean Baker, the co-director of the Center for Economic and Policy Research. Baker says a corporate board would think a CEO was out of his mind if he came to them and announced that while the company lost money, it had paid off its debt. “Maybe the government is more like AT&T than like me and Joey.”
For further political comment, see What Would Eisenwhower Do?