How to explain Blount County’s debt with 2 cows

The ownership of two cows has been used to explain the economics of different types of government.  The simplest types are below and have been around for years.  A more recent description has been added to the list, venture capitalism.  It describe the upcoming Blount County debt that will need to be refinanced next year.

Socialism
You have two cows. The government takes one and gives it to your neighbor.

Communism
You have two cows. The government takes them both and promises you milk but you starve.

Fascism
You have two cows. The government takes them and sells you the milk.

Bureaucracy
You have two cows. The government takes them both, shoots one, milks the other, pays you for the milk, and then pours it down the drain.

Traditional Capitalism
You have two cows.  You sell one and buy a bull.  Your herd multiplies, and the economy grows.  You sell them and retire on the income.

Variable Rate Demand Obligation Debt with 4 swaps – Blount County debt that will need to be reissued next year.  If you can’t explain it, don’t do it.

Source: http://static4.worldofwonder.net/wp-content/uploads/2015/08/11879175_1008425072524387_6789768593464627565_o.jpg

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