[lbo-talk] Tuff Lib'rul

[Max B. Sawicky]

Deficit finance is a second resort, if immediate taxation
is not possible.  If you allow that the spending is worthwhile,
it follows that it's worth the cost, even if the rich evade
paying for it.

mbs

-----Original Message-----
From: lbo-talk-bounces at lbo-talk.org
[mailto:lbo-talk-bounces at lbo-talk.org]On Behalf Of Doug Henwood
Sent: Friday, January 30, 2004 12:09 AM
To: lbo-talk at lbo-talk.org
Subject: RE: [lbo-talk] Tuff Lib'rul

Max B. Sawicky wrote:


>If we expect nothing good in the way of government
>spending, we should be for limited government.

It seems a lot of American liberals believe in deficit spending as a 
way to evade taxation. Who said nothing good could come of gov't 
spending? Lots of good can, if it's the right kind. How to finance it 
then? Why borrow money from rich people and pay them interest rather 
than tax them?

Doug
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