Jones: A budget deficit is good for the country's finances; it discourages excessive government spending.
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Jones concludes that a budget deficit is good for the country’s finances. This is because he believes a budget deficit discourage excessive government spending.
Espinosa criticizes Jones’s argument by using analogy. In the analogous argument, someone might argue that reaching the credit limit on credit cards is a good thing because it discourages you from spending excessively. Espinosa points out that this argument doesn’t make sense, because reaching the credit card limit shows bad financial management. Espinosa points out that just as someone should avoid getting into debt, governments should also try to avoid debt.
Espinosa uses an analogous argument to show that Jones’s argument is not persuasive.
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