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View Diary: Stop the Cuts, Change the Conversation (71 comments)

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  •  Van Jones, I have 6 questions for you . . . (0+ / 0-)

    Do you believe the following statements are True or False?

    1. Like households and businesses, the Federal Government must finance its spending out of income or through borrowing.

    2. The purpose of federal taxation is to finance government spending.

    3. The Federal Government borrows money from the private sector to finance budget deficits.

    4. The Federal Government takes pressure off of interest rates by running surpluses thus leaving more funds are available for private sector investment.

    5. Persistent budget deficits will produce inflation and higher interest rates for future generations.

    6. Federal Government budget surpluses will build the necessary reserves to cope with the future needs of our aging population.

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