Correct me if I'm wrong but isn't a deficit a tax to be paid

[amerikat]

in the future with interest added and paid to the debt holder? And who buy's this debt, Foreign Goverments, Pension funds, etc. You can bet the people that got a $300 tax cut aren't buying any of those bonds. :shrug: This should be a campaign issue.

[izzie]

1. When the bill comes due they just pay it off with more selling of bonds.

Pretty soon China will own us all

[AlCzervik]

4. exactly, thats whats been happening and no one talks about it

and what happens if the foreign investors get scared and they want their money back? I shudder to think.

[amerikat]

5. Don't they just issue more bonds at higher interest rates?

and call it inflation.

[AlCzervik]

6. yes i think thats what they usually do but if all them decided to pull out

at around the same time it would kill the economy. Big government garage sale.

[Yupster]

9. Ten you have a year of hyperinflation

and the bonds are equal to a loaf of bread, and then you start over.

[olddem43]

2. It's a Ponzi scheme with the poor and middle class

eventually footing the bill.

[amerikat]

3. So why isn't it a campaign issue. Kerry should be hammering

bush on this issue.

[MGKrebs]

7. Too complicated.

Anybody who pays attention has made up their mind. 'Undecideds', at this point, will not respond to 'logic' or 'reason'. Find an emotionally compelling way to make the point, and send it to : http://www.johnkerry.com/contact/involved.php

YOUR KIDS WON'T BE ABLE TO AFFORD ASSAULT WEAPONS!

THE HUMANE SOCIETY WILL HAVE TO BE SHUT DOWN!

IF BUSH GETS RE-ELECTED, HE'S GOING TO MAKE WAL-MART STOP SELLING CHINESE STUFF! YOU WON'T BE ABLE TO AFFORD ANYTHING!

AIR FRANCE IS GOING TO BUY DELTA! (Ack!)

You get the idea.

[amerikat]

8. I'll work on it.....thanks for the link

[Lefty48197]

10. Think of the debt as a grandchild tax.

Families that don't procreate and eventually have grandchildren, will pay none of the current debt. The families that DO have grandchildren, will end up paying ALL of the current debt, therefore it is a Grandchild tax.