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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (12960)3/19/2012 12:56:01 PM
From: Steve Lokness  Read Replies (3) | Respond to of 85487
 
<<<<<but none of the upfront money is saved. >>>>>

Now Tim your arguments are getting down right silly. What was the government suppose to do? Put the money in the White House mattress. They put the money in government securities - you know, just like those that China and everyone else buy. If you pretend these IOU's don't exist - then you better disclose this to China too.

<<<<Effectively it was collected to cover current spending>>>>

Tim, you're absolutely wrong on this and I feel like I'm now arguing with a child - go do some research on this!