Go Congress! You have created a wonderful situation to spice up a dinner conversation. (That is, if you remember what dinner is—you know, the family eats together and looks up from their phones long enough to engage in something called conversation?)
Explain to your kids that if the Government’s economic situation was being experienced by your family—you would have to declare bankruptcy. That means that you would not have enough to pay your bills. Have kids figure out what some of your monthly bills are (hint: mortgage/rent, utilities, cell phone, car, gas, etc.). The bank would take back your home, or the landlord would kick you out of the house, the utility companies would shut off the electricity and heat/air conditioning, your cell phone would not work, etc.
But, governments are different than families. Governments can tax people. Explain taxes without causing lasting psychological damage for your kids—or huge psychiatric bills for you. Don’t ask the kids to set up a toll at the end of the street—it won’t work, and your neighbors will want in on it!
Governments can also print money to pay bills. Imagine the printing press you could have! So, all the drama in Washington—kind of like bickering children? So sorry, I’d never insult your kids! Explain to your kids that government can get away with irresponsibility, but that families can’t!
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