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Politics : Foreign Affairs Discussion Group
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To: jttmab who wrote (172422)10/13/2005 8:32:19 AM
From: bearshark  Read Replies (1) of 281500
 
>>>you can't pay down the intragovernmental debt.<<<

I would have to go back to the accounting rules to be sure but I also believe it includes small business loans (maybe section 7 a) too. I would assume that giving is always ahead of paying back. It might also have student loans. I'm not sure though. However, it would seem that a certain amount of these loans--where you wouldn't expect payback--would be expensed somewhere in the regular government accounts. That would be buried somewhere deep in the rules, if so.
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