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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (19127)5/18/2000 11:21:00 AM
From: Neocon  Read Replies (1) | Respond to of 769670
 
Well, it depends. If it is legitimate for government to borrow for capital projects, for example, they may as well pay me interest rather than some bank. And if the government contributes to prosperity by backing contracts, ensuring the peace, stabilizing the global system, liberalizing the trade regime, and so forth, one might be getting a legitimate return on investment........



To: DMaA who wrote (19127)5/18/2000 11:53:00 AM
From: Gordon A. Langston  Read Replies (1) | Respond to of 769670
 
Long term federal bonds are not that different from municipal bonds that fund local infrastructure. (In fact Federal Bonds are often used to re-fund munis when interest rates warrant it). Possibly SS funds could also be invested in Municipal Bonds or State Bonds (mostly AAA-rated) for these purposes. It is true that tax monies will pay the interest, but the general benefit to the communities is a product worth paying for in some cases.


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