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#61 Mar 10, 2008
wayyyy to go, a bond rather than a tax. Watch your spending boom in future years to cover interest on that mortgage.
#62 Mar 10, 2008
Taxes and spending SHOULD be kept at a high level - but spending must be wise, must be fair to the people and beneficial to society, and must not be frivolous. (Note: Don't, for example, spend millions of bucks on a bridge that serves a couple of people in the middle of nowhere, but DO spend enough to allow them to access the rest of society by some means, such as, say, a footbridge or a simple culvert.)
#63 Mar 10, 2008
Bonds, however, are frivolous because they create debt that causes unwanted spending in future years.
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