Quote:
Originally Posted by onebalancedone  The way I understand it, the money will come directly from the taxes we pay. Basically, the federal government will simply be taking $800 less of our money than they would normally take.
If it comes through, ours will go to pay off debt. |
If this is true it's even worse than creating a deficit to give us the money. This way means that they will have to make cuts in the areas that would have received thses tax dollars. Hmmm what does that mean? Cuts in jobs and cuts in services.
Either way deficit or from existing tax funds earmarked for other things this is a bad idea.
It amounts to either
Deficit way--it's like using a Visa card with a high interest rate to pay your bills knowing your children & grandchildren will have to pay
Taxes earmarked for other things--it's like buying new clothes with your bill money and then having to cut off your cable, your electricity, and your water because you bought the new clothes with the bill money so now oh well you have to go without thses things.
This is what the govt is doing.