Author Topic: Government Day-to-Day  (Read 53410 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #150 on: February 05, 2020, 12:35:23 pm »
Yes, we all know governments waste money. Now, money I spent on a house was not a waste because yes it rose in value. Money invested in a company as profitable as MC could well not be a waste because it generates wealth. People with jobs pay taxes on their income back to the government and they also buy stuff, pay more taxes there, and that activity supports other jobs. Buying Bomarc Missiles, now that was a good example of government waste.

It may not be a waste. We don't want government to not invest in things but we should expect it to pay our debts and not pass them on to our kids and grand kids.

You paid your house off, governments aren't paying their debts off, they are just paying the interest. Unless it has great historical value, eventually your home will be torn down and the only value will be in the land it sits on. The house itself will just be an expense that has to be got rid of.
"Never trust a man without a single redeeming vice" WSC