Posted by bad_luck on 3/1/2013 5:50:00 PM (view original):
Posted by MikeT23 on 3/1/2013 5:48:00 PM (view original):No, it's real money.
It's all just number manipulation. None of that is "real" money.
Much like SS and Medicare, bonds are going to be a problem at some point if spending can't be controlled. They do come due.
The deficit is "funded" by a government that doesn't care about a deficit. They don't need to sell another bond to continue to increase the deficit.
You buy your bond and the money pays for a bridge or a bureaucrat or a jet.
Stop talking about **** you know nothing about.
It isnt a technical debate over the nature of debt.
It is very simple.
The money the government takes in goes through the government filter so a large percentage is wasted.
So the Billion dollars they vote for a program only adds millions to the economy minus the waste.
That is why privitization is the answer, because even if you allow a resonable profit it is cheaper than paying for the government waste.
And that is why you cannot borrow and spend your way out of a recession.