[lbo-talk] Tuff Lib'rul

Doug Henwood dhenwood at panix.com
Fri Jan 30 08:11:52 PST 2004


Bill Bartlett wrote:


>Either way, they will have to pay. Deficit spending isn't an
>alternative to taxation, since interest inevitably can only be
>repaid from tax dollars.

For sure, but it can be repaid by squeezing programs other than debt service.

Doug



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