Berkeley CSUA MOTD:Entry 35923
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2024/12/24 [General] UID:1000 Activity:popular
12/24   

2005/1/26 [Finance/Banking] UID:35923 Activity:high
1/26    Oh, bummer, Mr. "It's Already Been Spent" deleted our argument.
        I wanted to ask him if the excuse "It's Already Been Spent"
        was valid to use when asked to repay any debt. I have some
        T-Bills that are due in 2012. Should the US government just
        shrug its shoulders and say "Sorry buddy, it's already been
        spent"?
        \_ you seem to misunderstand the distinction between making
           the loan to yourself and to someone else.  Money does not
           just magically appear.  Either you raise taxes or your
           create inflation.
           \_ So it is not possible for one division of Ford Motor
              Company to lend money to another?
              \_ What you are talking about is similar to what
                 Tyco, Enron, etc. did during the late '90s.
                 One division of Ford makes another a loan who
                 spends that money.  Ford Motor now reports this
                 internal loan on its balance sheet as interest
                 generating asset.  Do you see the problem?
                 Only in the lala land of the Democrats and
                 RINOs can you loan yourself money, spend it,
                 pay yourself interest on the loan, and not
                 only have incurred a net loss but gained!!
                 One more time, the notes owned by SS are
                 effectively one of two things, higher taxes
                 or inflation.
2024/12/24 [General] UID:1000 Activity:popular
12/24   

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