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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (13953)	9/24/2003 10:05:34 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Intertemporal - in this instance, a conceited way of saying you can pay for deficit spending by making a claim on the future - just like John Law. Or as you state, "If the government reduces taxes today without changing its expenditures, it borrows today and will raise taxes tomorrow." Do you understand your own statement? * You also point out how cleverly the people of this nation can finance your double spending scheme with their own savings - just like John Law. "As long as the public and private sectors borrow and lend at the same rate . . . the public borrowing can be matched one for one by private saving." Once the euphoria wears off it will become clear how your proposed scheme is both disastrous and pointless for the long term health and security of our country.