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Old 10-03-2009, 08:43 AM
  #81  
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Originally Posted by jungle View Post
It must be nice to have an outlook that includes such lax standards of accounting. No worries.

Pray tell sir, where does government get it's money?
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.
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Old 10-03-2009, 08:51 AM
  #82  
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Originally Posted by ppilot View Post
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.
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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Old 10-03-2009, 09:18 AM
  #83  
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Originally Posted by jungle View Post
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
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.
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Old 10-03-2009, 09:27 AM
  #84  
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Originally Posted by ppilot View Post
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.
Have a nice day!
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Old 10-03-2009, 04:53 PM
  #85  
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Originally Posted by ppilot View Post
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.
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?
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Old 10-04-2009, 04:08 AM
  #86  
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Default On bonds, debts, and the like

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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