posted on July 24, 2001 05:48:52 AM
This is what Robert A Heinlein called "Voting for Bread and Circuses", and he claims it will be the down fall of democracies.
Paying your debts seems to be an old fashion idea. Bankrupcies are happening with increasing numbers. There is no surplus in the budget as long money is owed.
Hopfully the pay down will be gradual enough not to rock the markets.
Why should this be an issue? Do we (as tax payer, who would like to get rid of the interest on the national debt) owe investers in government bonds anything but face value plus interest up to the point it's paid off? I could care less about "rocking the market", I want it paid off, so we can get real tax relief
Who Need's a stink'n Sig. File?
[ edited by Microbes on Jul 24, 2001 05:50 AM ]
posted on July 24, 2001 06:07:26 AM
I think you hit on it, gravid. It feels like a big publicity stunt funded by my money.
I have some serious medical bills that I'll be able to make a dent in with this, so I'll be happy about it. Come next April, I wonder if I'll still be happy.
