Obama's Lockbox

[HappySqurriel]

mirgro said:

HappySqurriel said:

mirgro said:
So you complain when the government uses money it doesn't have, and you also complain when the government tries to use its own money. There is just no appeasing you it seems.

Government doesn't have its own money ... Government only has your money.

When it spends money before it collects it (or spends money that was put aside for something else), the government is building debt for you; and you will be forced to pay for this debt with higher taxes in the future.

That's what I meant. He complains when it incurs debt, and he complains when it tries not to incur any debt.

Except in both cases it incurs debt ...

If I know for a fact that I need $40,000 in a couple of years (for college as an example), I get a raise to be able to save up that $40,000, and I choose to spend all of that money, when I need to actually make that payment my only option is to take out a loan for $40,000. The problem is that by taking out a loan and paying interest on it for years it ends up costing several times as much money as saving up in advance would have.