Spending Analogy

While musing about federal spending and the main methods to overcome it, this analogy stuck out to me.

Federal spending is sort of like a cut to one of the main arteries. The outflow is constant and, without treatment, fatal. Government regulation of spending comes in two forms: higher taxes or the reduction of spending itself. Higher taxes, the intake of further revenue, is akin to pumping more blood into the body so that the wound will not run out, regardless of the fact that such a cut will pump out far more than can be possibly taking in. Spending reduction, on the other hand, is the same as trying to treat the wound or somehow stop or reduce the outflow itself. If you ask any medical doctor (or someone with basic anatomical knowledge) that treating the wound is a vastly superior method of care over pumping more blood into the body only for it to be pushed out again.


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