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General - Obama's Lockbox - View Post

mirgro said:
HappySqurriel said:
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.

Maybe I am missing something, but they are saving up the money in advance and not paying off the debt with those monies.

That's the point I was making. I would be fine, in fact happy, with them taking every penny for healthcare in the next 4 years, and applyied it strictly to the dept, and then when the time came to pay for this bill, taking out a loan again.

In reality, that would be the best move, as you redice the interest you will pay over the next 4 years. That's not what I meant though. I am sure they will spend that money on new programs. When the time comes to use the money for healthcare, the dept will be the same, yet the money collected to pay for it will be gone.

P.S. The best move of all, is not have this bill, but I mean how to apply the money if you did pass this bill.