"They'll bill us for the suit." -- Mr. Day
"Don't you let them." -- Mrs. Day
In the movie, "Life With Father," Mrs. Day buys a pug dog statue on the family department store account. Father objects, so she returns it and acquires a suit for Clarence Junior.
But when the bill comes in, Mrs. Day cautions Father, he is not to pay for the pug dog, since she returned it. He notes that the suit must still be paid for, but she counters that no money is due since the pug dog credit was applied to the suit purchase.
Father, a mere male, is stunned by the complexity of it, but it makes perfect sense to her.
Similarly, some today argue that government spending cuts will be offset by tax relief, and both will help to reduce the federal debt and deficit.
Since no money is involved, the transaction is self-canceling.
My thanks to Sandra for explaining pug dog economics.
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