Debt is manufactured by investors & they get paid 1st at the expense of the rest. Screw them.

[JDPriestly]

3. That is why I no longer vote to issue government bonds when propositions of that

sort appear on the ballot.

The bonds are usually intended for a good purpose.

But think about it.

Who borrows the money? The government on behalf of ordinary taxpayers.

And from whom do they borrow it? From wealthy people who don't want to pay taxes on the revenue they earn from the bonds. It is a tax-free investment. If you don't have much money, you are less likely to have a tax strategy that gives you an incentive to buy the bonds.

So, bond measures are essentially a means to borrow money and let the rich get richer off the interest. Who pays the interest? Taxpayers. Some of the rich pay some of the interest, but only the rich bondholders get at least part if not all of the interest paid out of their taxes replaced into their pockets.

Voting for a bond is voting to borrow. To buy something today and pay for it tomorrow. It's workable in a booming economy with inflation, but horrible in deflation.