ppilot

Not really sure what 'lax standards of accounting' you're talking about.

Taxes, issuing bonds, tariffs, excises, fees, auctions, probably a million other things that I don't know about.

jungle

The word "Tax" has many synonyms.

Main Entry: tax
Part of Speech: noun
Definition: charge levied by government on property, income
Synonyms: assessment, bite*, brokerage, capitation, contribution, cost, custom, dues, duty, excise, expense, fine, giveaway, imposition, impost, levy, obligation, pork barrel, price, rate, salvage, tariff, tithe, toll, towage, tribute

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Just another slave on the Marxist plantation. With the "joint Reptilian-Bavarian Illuminati" crew.

ppilot

Thanks for the thesaurus entry and the grammar lesson. Are you really saying that the government gets all of its money from taxes? Do you really think issuing a bond is a tax? And why am I arguing about this with you? It's stupid and I have better things to do.

jungle

Have a nice day!

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Just another slave on the Marxist plantation. With the "joint Reptilian-Bavarian Illuminati" crew.

SteamJet

What do you think issuing a bond is?

Where does the government get the money to pay the bondholders? Its secrect grove of money trees? In my town, for some crazy reason, when the town issues bonds our TAXES go up until the bonds are retired. What's up with that?

Winged Wheeler

I don't expect to resolve this issue so I'll keep this short.

The best way to run any collective enterprise is to buy only what you can afford. Washington has been unable/unwilling to do this now to the tune of 14 decimal places. We, collectively, re-elect most of these people.

Bonds are the way to import tomorrow's wealth to be wasted today.

"Unfunded liabilities" are only different from deficit spending in that the bonds have to be issued now. In that sense they make it harder for budgeteers to waste the money on something else.

WW

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Lower Taxes. Less Government. More Freedom.