Comment Re:Nuanced subject (Score 1) 247
The problem is structural deficits, so in a sense, yes, it is like a family budget but sovereign debt is most assuredly not like the family budget. I think a better statement that nobody challenges the assumption of is "The US debt and the US deficit are the same problem: not enough revenue/too much spending." when clearly this is not the case...no household can issue treasury notes and then hold down inflation with the Federal Reserve and have "free" money during a recession, for example.