No, it’s not; taxes never get paid back; they just disappear into the pockets of the political class. A loan gets paid back. That’s something you apparently don’t understand, just like you don’t understand the difference between economic debt and consumer debt.
robert108 - 08:05am on 05/02/2008
ellinas said: So they better start cutting on their democracy spreading and concentrate on America and the future generations. Borrowing from China to pay our bills is not the answer
Time to get rid of the high spending politicians dems and republicans who don’t get it.
goon - 09:05am on 05/02/2008
Time to get rid of the high spending politicians dems and republicans who don’t get it.
goon on May 2, 2008 at 09:58 am
I agree. However I contend that robert108 is wrong about this borrowing.
ellinas - 10:05am on 05/02/2008
However I contend that robert108 is wrong about this borrowing.
Ever hear of War Bonds?
robert108 - 11:05am on 05/02/2008
Ever hear of War Bonds?
robert108 on May 2, 2008 at 11:06 am
Ever hear of interest paid on said bonds?
ellinas - 06:05pm on 05/02/2008
Ever hear of interest paid on said bonds?
Now you’re going even farther off-topic. Every year millions of Americans make interest-free loans to the govt; it’s called excess withholding, which results in a refund, which is actually getting your money back with no interest. It’s not taxes, it’s borrowing, thus the difference between the two. Borrowing is defined as something to be paid back; the interest(if any) is a matter of negotiation, not definition.
robert108 - 07:05pm on 05/02/2008
R108: Are you sure about this? Treasury bonds accumulate interest. Where does the money come from to pay the interest on the bond?
pparets - 07:05pm on 05/02/2008
Uh Gentlemen,
Bonds issued by the United States government do earn interest. Both the principle and the interest are repaid from the common fund (our tax dollars).
Rodney Graves - 07:05pm on 05/02/2008
Thanks, RGraves: That’s what I thought.
pparets - 07:05pm on 05/02/2008
Treasury bonds accumulate interest.
I never said they didn’t; e was just trying to say that a loan with no interest wasn’t really a loan, and I corrected him. Actually, govt bonds always yield interest, to induce people to buy them.
No, it’s not; taxes never get paid back; they just disappear into the pockets of the political class. A loan gets paid back. That’s something you apparently don’t understand, just like you don’t understand the difference between economic debt and consumer debt.
Time to get rid of the high spending politicians dems and republicans who don’t get it.
Time to get rid of the high spending politicians dems and republicans who don’t get it.
goon on May 2, 2008 at 09:58 am
I agree. However I contend that robert108 is wrong about this borrowing.
Ever hear of War Bonds?
Ever hear of War Bonds?
robert108 on May 2, 2008 at 11:06 am
Ever hear of interest paid on said bonds?
Now you’re going even farther off-topic. Every year millions of Americans make interest-free loans to the govt; it’s called excess withholding, which results in a refund, which is actually getting your money back with no interest. It’s not taxes, it’s borrowing, thus the difference between the two. Borrowing is defined as something to be paid back; the interest(if any) is a matter of negotiation, not definition.
R108: Are you sure about this? Treasury bonds accumulate interest. Where does the money come from to pay the interest on the bond?
Uh Gentlemen,
Bonds issued by the United States government do earn interest. Both the principle and the interest are repaid from the common fund (our tax dollars).
Thanks, RGraves: That’s what I thought.
I never said they didn’t; e was just trying to say that a loan with no interest wasn’t really a loan, and I corrected him. Actually, govt bonds always yield interest, to induce people to buy them.