President Barack Obama Message Board

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Politics : President Barack Obama

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To: Road Walker who wrote (81185)	8/18/2010 3:38:58 PM
From: TimF	Read Replies (1) of 149317

No it's not... especially if it's borrowed The government borrowing vast amounts of money 1 - Pulls money from other purposes, causing other borrowers to have to pay higher interest, or possibly not have the funds available at all. 2 - Requires payments of principal and interest. The principal can be rolled over, but that means that your just paying out the interest for a longer period of time. The interest has to itself be paid for with taxes, borrowing (continuing the cycle), or "printing" (in quotes since in modern times at least in developed countries, the extra money is not typically actually printed or coined). The idea that government borrowing is somehow free, creating no burden, is silly.

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