Former U.S. Secretary of Labor Robert B. Reich teaches at Berkeley now, but he never seems to get tired of being taken to school by his Twitter followers, who just aren’t content being told how little they know by a man of Reich’s intellectual stature. Today’s lesson? Only a moron would think that the federal budget is anything at all like a household budget. Ordinary folks who can’t legally print their own money at will agree that, yes, the two are nothing alike — and that’s a bad thing. After all, there’s no law that says a family needs to create a budget, right?
@rbreich sounds like you dont know the meaning of the word budget
— wayne dusek (@wayned1942) January 5, 2013
See? You people just don’t get it.
@rbreich You mean families can’t print money, levy taxes, grant credits, set interest rates….?!
— Darwin BondGraham (@DarwinBondGraha) January 5, 2013
@rbreich families can’t print money, government can
— Dan Slaby (@AmericaSpring) January 5, 2013
@rbreich Huh? But I just printed myself a trillion dollar Costco gift card.
— Bob Foolery (@BobFoolery) January 5, 2013
@rbreich Correct in one sense. Only the government can “print” money, which is not wealth, but a medium of exchange. Fiat money is corrupt.
— John Shepard (@John_R_Shepard) January 5, 2013
@rbreich How about the budget of a family of virtuoso counterfeiters with a basement full of nukes?
— Will Wilkinson (@willwilkinson) January 5, 2013
@patbagley @rbreich I AM thinking of borrowing money from my neighbors to invade my other neighbors sandbox.
— Rob (@darwin8u) January 5, 2013
RT @rbreich Those who analogize the federal budget to a family’s budget must know nothing about either. /only one needs to be balanced?
— Larry Kelly (@Larry_Kelly) January 5, 2013
…or exist, for that matter.
@rbreich Federal budget? Who are you kidding, haven’t had one of those since the previous Administration
— Tom Marchetti (@MarchettiT) January 5, 2013
@rbreich Both political parties demonstrate NO ABILITY at Federal level to ever manage expenses or reduce debt owed by US Gov’t?
— SHAUN HASSETT, CAMS (@DUE_DILIGENCE2) January 5, 2013
@rbreich-Do you really believe any rational person is buying that Keynesian leftist propaganda bridge?Please spare us.
— CV McDonald (@vdld) January 5, 2013
So, what is the difference? We hunger for knowledge.
@rbreich Well pardon us, the Proles, for trying to get our heads around something clearly best left to the smarter classes.
— Winston Aldworth (@WinstonAldworth) January 5, 2013
@rbreich 99% of the country probably believes that. it’s your role to show them why they are wrong, instead of insulting their intelligence.
— Sam Tetruashvili (@samtcmu) January 5, 2013
@rbreich so what is the difference between a federal budget and a family budget then?
— Jeff Kristofak (@JeffKristofak) January 5, 2013
We think you have to sign up for Reich’s class at Berkeley to hear the details; until then, please enjoy this CD of cricket sounds. Or this tweet where Reich teaches the finer points of Constitutional government.
O can avoid debt-ceiling battle by (1) ignoring ceiling and letting Rs take it to Sup Ct, or (2) getting corp Am and Wall St. to force Rs.
— Robert Reich (@RBReich) January 5, 2013
Ignore the law when it doesn’t suit him? Why didn’t Reich’s buddy “O” think of that earlier?