It’s a slow day in French Gulch, Louisiana.
The sun is beating down, and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day a traveling Shreveport salesman is driving through town. He stops at the Hotel Cazan and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one in which to spend the night.
As soon as the man walks upstairs, Bosco, the owner, grabs the bill and runs next door to pay his debt to Boudreaux the butcher.
Boudreaux takes the $100 and runs down the street to retire his debt to Trosclair the pig farmer.
Trosclair takes the $100 and heads off to pay his bill at T-Boy’s Farmers Co-op, the local supplier of feed and fuel.
T-Boy, at the Farmer’s Co-op, takes the $100 and runs to pay his debt to the local prostitute, Clarise, who has also been facing hard times and has had to offer her “services” on credit.
Clarise rushes to the hotel and pays off her room bill with Bosco, the hotel owner.
Bosco then places the $100 back on the counter so the travelling salesman will not suspect anything.
Shortly thereafter, the salesman comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money, and leaves town.
The whole town is now out of debt. However, no one produced anything and no one earned anything and no one has anything left.
And that, my friend, is how the United States Government conducts business on a regular basis.