Quote:
Originally posted by cool_chick
1. So If I add a million dollars to the deficit, there will be enough taxable income in these purchases to not raise the debt, and in fact may lower it?
2. If you're going to declare I'm "wrong", then you really should have enough decency to tell me why you believe I'm "wrong." Tell me how the ballooning deficit is not affecting the value of the dollar.
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Don't think the gov't really cares if YOU run up $1Mil of YOUR OWN debt -. Have the credit rating for it? They don't care. What they want is to TAX you for it. Gues where the tax goes? Paying for things the GOVT. ran up.
I think there is a bit of a misunderstanding between personal debt and defecit.
rjp