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View Diary: Washington Post Notices Class Divide (296 comments)

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  •  No. The stiuation stems from one word . . . (4+ / 0-)
    Recommended by:
    satrap, QuoVadis, Greyhound, bablhous


    Debt is a transfer tax from the poor to the rich (called "interest").  Government debt is a transfer tax from future generations to the present generation (with "interest" thrown in . . . guess who gets that).

    It's one thing when "debt" is used to buy or build something that will last longer than the loan period (a house, a bridge, even a short term loan for a car).  It's something quite different when the "debt" is incurred for the ephemeral . . . personal "luxuries" or a war.

    And it's worst of all when "National Debt" is incurred solely to put the money in the pockets of the rich.  That leads straight to neo-feudalism.

    Fake Left, Drive Right . . . not my idea of a Democrat . . .

    by Deward Hastings on Sun Jun 19, 2011 at 07:38:14 AM PDT

    [ Parent ]

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