Re: The budget deficit creates wealth

"2006wells" <2006wells@xxxxxxxxxxx> wrote in message
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"zzbunker" <zzbunker@xxxxxxxxxxxx> wrote in message
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Jacques Gambu wrote:
The budget deficit creates wealth

The public debt is a liability for Uncle Sam but it is an asset for the
people who own Treasury bonds. If they feel rich they go out and buy stuff.
And that creates real jobs and prosperity.

But, those T-bond represent future taxes and so I feel poorer and instead of
buying stuff, I build up my savings in anticipation of my future tax burden.


The people that are working 2 jobs to make ends meet are not buying
T-bonds or "saving". They have nothing to save. The rich people that
got the big tax breaks buy the bonds. That means that your kids will
be indentured servants to their kids. Welcome to Republican heaven.

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org


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