You know, the Democrats want to balance the budget by raising spending and raising taxes. The Soviet Union had a balanced budget.
About this quote
- What does it mean?
- The speaker uses a sarcastic comparison to argue against raising taxes for a balanced budget.
- In plain terms
- Raising taxes and spending doesn't fix budgets.
- What can you take from it?
- Political solutions can be as ineffective as historical failures.
Where it applies
Putting it to work
Questions to consider
- What makes a budget balanced?
- How do taxes affect spending?
Another view
It simplifies complex economic systems into a false analogy.
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