A government with a rising tax base can spend more than its revenue in perpetuity. That doesn't mean it's always a good idea, but thinking about government spen

A government with a rising tax base can spend more than its revenue in perpetuity. That doesn't mean it's always a good idea, but thinking about government spending the way a household manages its spending leads to incorrect conclusions. There are millions of children in New Jersey that need their parents to be employed. Counter-cyclical spending helps to accomplish that, and if done wisely, it also acts as an investment from which those children will reap the benefits. Discourse about government spending these days is sadly devoid of numbers that indicate the right choice one way or the other. We don't run our businesses this way.