Fiscal Policy
Just read this morning that Congress and the President have decided to borrow $168 billion from China to fund the ‘tax rebate’ for us.
With that, I expect, most will be spent by us to buy products from China.
Perhaps the Columbian drug dealers would like to get in on this deal also. I’m certain that they have money to loan.
Yes, it seems that way. But don’t hold your breath; I bet there will be another tax rebate following this one. And if China won’t lend us the money for more rebates, well…No problem. The Feds can print more (almost) worthless dollar bills to pass around.
Another thing: would not those getting something for nothing (free money) be more inclined to squander money they didn’t have to work for? Oh, I forgot, that’s the whole idea of the rebate scheme, isn’t it? Great value lesson for our kids to learn.
–30–
Well, there’s now talk about another tax rebate or stimulus for the economy. We need one if the first one worked; we need one if the first one didn’t work. Go figure!
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