If gov't balances its budget, the red line collapses to 0%. Problem is, so does the blue line. pic.twitter.com/lllpyR2X42

— Stephanie Kelton (@StephanieKelton) November 17, 2013

Nice tweet by Stephanie Kelton, the Chief Economist, U.S. Senate Budget Committee, and a quick reminder for you all.

If the Government balances its budget, you can say goodbye to the private sector’s income. It is 100%, dollar for dollar, the inverse of government spending. The private sector, by definition, cannot make money if the government balances its budget or worse, makes a surplus!