Senator Judd Gregg (R-New Hampshire) provided this technical breakdown of the Obama budget proposal on a morning news show:
It is as if you were flying an airplane and the gas light came on and it said 'you have 15 minutes of gas left' and the pilot said 'we're not going to worry about that, we're going to fly for another two hours.' Well, the plane crashes and our country will crash and we'll pass on to our kids a country that's not affordable,"
Meanwhile Governor Haley Barbour (R-Mississippi) delivered the weekly Republican address last Saturday and had this to say:
While families are cutting back, President Obama has proposed a massive government spending spree. It reminds me of how one of our old senators used to joke about the federal budget. He said it was like a newborn baby: insatiable appetite at one end and total irresponsibility at the other.
Ok I do think that last one is pretty catchy, but do either of these comments really qualify as economic analysis? It's also fun to think about variations on the themes, e.g. what if you were driving a car and the light says you have 15 minutes of gas but you still drive on? You run out of gas and have to walk to the nearest garage and then all the way back with a gallon of gas - still pretty annoying!
1 comment:
What if there is a gas station about 20 minutes up the road while you're driving in that car? Is the distinguished gentleman suggesting that it's better to stop the car altogether? I'm not really sure I can parse the metaphor about the plane, anyway. Although, it is true that if the government stops spending money (equivalent to the plane shutting off its engines?) then people will die. More people than if they don't.
I think in some other places they present news and then they present analysis rather than trying to present both sides of the argument (I'm not even sure where to put the scare quotes over those last five words - probably not on the "of the" part)
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