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To: Oeconomicus who wrote (157701)6/5/2003 10:22:08 PM
From: GST  Read Replies (1) of 164684
 
Issue 1 -- whose money is it? Not only do we not collectively pay enough in taxes to pay for government services delivered today -- NOW -- but we also pay more interest each year because we are adding each year to the accumulated debt by running a current operating deficit NOW -- that has been what is going on under Bush NOW. The question before us is this: Should we increase our operating deficit NOW to stimulate the economy? There is no question about the taxes we pay being "our money" NOW. We are not even paying NOW for what we are consuming NOW in government services. The question is how much of the expense for consuming government services NOW should we pass on to our children for them to pay on our behalf?

The percentage of the budget that is used to pay interest on debt is rising. None of us who pays taxes can speak about the taxes being "our money". They are the price of government services. They are an expense NOW. We owe that money NOW. We can refuse to pay for NOW for our own services and have our children pay for us -- and we can try to justify that in a number of ways -- but, quite simply, we are deciding not to pay our own way NOW and to pass the bill on to somebody else, expecting that they will pay our bills for us.
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