Fiscal Cliff Deal Analogy - I Love My Analogies
January 3, 2013 - 9:48pm
I really didn’t think I was going to write anything about the fiscal cliff because I really didn’t think there was anything I could write that would add any real value. There are PLENTY of people writing about it because they are required to for their editors. So if you want to read the actual components of what is being discussed or has been discussed, I’d recommend you go to any of the 10 million websites dedicated to it.
However, there are a lot of things that many professionals may or may not understand and I like to try to put things into everyday analogies in order to describe it.
I always use the analogy that a former partner of mine always gave about the spending this country is doing. Our debt and spending, he said, is like the person who pays their mortgage using their credit card. Yes, they are making their payments on time, but...
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