popeye1250
Posts: 18104
Joined: 1/27/2006 From: New Hampshire Status: offline
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quote:
ORIGINAL: Hippiekinkster quote:
ORIGINAL: popeye1250 quote:
ORIGINAL: slvemike4u quote:
ORIGINAL: popeye1250 Everyone in here has to live on a budget. Why should cities, towns, states or the feds be any differant? Thats simple Pops,and I know this might be tough for you to wrap your head around....but the feds,states,cities and towns at times need to build,establish and create things,infrastructure and programs that have a shelf life and benifits that stretch beyond the next paycheck. So at times the cost of these things will in large part be borne by the next generation.....which in turn will build,cunstruct or create things or infrastucture that will benifit suceeding generations. Government is not like running your household....and it is simplistic to the nth dehree to suggest that it should be done so as if it is. Mike, I'll say this s-l-o-wl-y, that's what the Municipal Bond Market is for. You can float bonds for major infrastructure projects and still stay within your budget. In other words, BORROW AND SPEND. Pass the burden on to the next generations. That's the exact same brilliant financing strategy that the Repubs used to fuck the country in the first place. Hippie, say you went to the dealer's to buy,.....oh I don't know,....a new VW Bus with all the bells and whistles and it comes out to $27,000 you'd pay cash for it? Of course not you'd buy it on credit. It's the same when a city or state needs to build a new bridge for $50 million, they take on debt. They figure out what the interest, principle, and any other expenses are going to be and calculate it into their budget. Every year they pay out interest to the bondholders and pay down the principle say for 25 to 50 years. They figure out how many "mils" it will be on everyone's tax bill for the following year. And do they still make VW Busses? Maybe in Europe? "Get a free Bong when you buy a VW Bus!"
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"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"
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