Recent News and Opinion
2014/11/27 - Thankful for Lewisville PD
2014/11/27 - Stuff to be Thankful For
2014/11/26 - Updated: Violent Car Thief Shot by Police After High Speed Chase
2014/11/26 - Shooting at RaceTrac on FM 3040
2014/11/25 - Updated: Lewisville Police Report Several Armed Robberies Over the...
2014/11/23 - Matthew Grimm to Perform in Lewisville on Sunday, November 30th
2014/11/23 - Sunday Morning Update - Friendsgiving Edition
2014/11/23 - 3.3 Magnitude Earthquake Shakes Irving
2014/11/22 - Recycling Rates, Participation Improve with Lewisville's New ...
2014/11/22 - State Unveils New Healthy Texas Women Website
2014/11/22 - Energy Grid Operator ERCOT Offers Mobile Energy Saver App
2014/11/22 - Upcoming Events Around Lewisville and the Surrounding Area
2014/11/18 - Woman Mugged at Gunpoint Sunday Night at Lewisville Grocery Store
2014/11/16 - Lewisville Prepares for Winter Weather with New Equipment
2014/11/14 - Lewisville to Host Pro Watercross Tour at Lake Park in Summer 2015
2014/11/12 - Car Crashes into Lewisville Home
2014/11/12 - Holiday Stroll Planned in Old Town Lewisville on December 6th
2014/11/11 - Thanks to Veterans
2014/11/10 - LISD Superintendent Dr. Waddell Announces January Retirement
2014/11/9 - Happy Birthday, Marines!
2014/11/8 - Lewisville PD Launches Mobile App and Texting to Receive Tips
2014/11/8 - FBI Seeks Public Help Finding "L.A. Bandit" Serial Bank ...
2014/11/7 - City Council Meeting Video - 11/3/2014
2014/11/7 - Free Yoga for Cancer Patients at Medical Center of Lewisville
2014/11/7 - Upcoming Events Around Lewisville and the Surrounding Area
Recent Reader Comments
2014/11/24 15:33 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/24 14:58 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/24 14:43 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/24 14:26 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/24 12:43 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (Anonymous)
2014/11/23 15:23 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/23 14:19 - Re: State Unveils New Healthy Texas Women Website (Runfellow)
2014/11/23 9:30 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/22 23:52 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/22 16:56 - Re: State Unveils New Healthy Texas Women Website (Anonymous)
2014/11/22 12:57 - Re: Recycling Rates, Participation Improve with Lewisvill... (cttx)
2014/11/22 12:35 - For complaints about trash and recycling (WhosPlayin)
2014/11/21 0:25 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (Anonymous)
2014/11/20 11:19 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (fvaughan)
2014/11/19 21:58 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/19 21:10 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (WhosPlayin)
2014/11/19 14:15 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (Anonymous)
2014/11/19 10:10 - Re: LISD Superintendent Dr. Waddell Announces January Ret... (Anonymous)
2014/11/19 9:03 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (Anonymous)
2014/11/18 21:48 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (WhosPlayin)
2014/11/18 21:00 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (Anonymous)
2014/11/18 9:42 - Re: Woman Mugged at Gunpoint Sunday Night at Lewisville G... (Anonymous)

Michael Burgess Thinks War Bonds are Free Money

The Nimrods Never Cease to Amaze Me
Posted by WhosPlayin on 2011/3/2 21:30:00 (2359 reads)

Open in new windowOpen in new windowU.S. Representative Michael Burgess (R, Lewisville) introduced a bill yesterday (H.R. 852) to allow the sale of War Bonds to finance military operations in Iraq, Afghanistan, and other places.

Burgess was quoted in Air Force Times about the bill:

War bonds, which pay interest, would be a way to show support for troops while also paying for conflicts without having to raise taxes or add to the national debt, said Rep. Michael Burgess, R-Texas, who introduced the United States War Bonds Act of 2011 on Tuesday.


So, let me take a moment to explain to Michael Burgess what a bond means. A bond is a debt instrument. When you sell a bond, you are borrowing money that you have to pay back with tax dollars. Therefore, selling war bonds or treasury bonds or any other bond DOES add to the national debt, and it does require repayment from taxes. If you need additional tutorial about how your government borrows money, I recommend this short article from the Association of Young Americans.

If you want to earmark some bonds specifically for war, as a marketing tool for Fox News viewers who would rather buy gold at hyper-inflated prices than invest in treasury bonds, bills and notes, then by all means, lets sell the same debt instrument with a different name stamped on it.

Open in new windowBut lets be honest with the citizens about what it is. War is expensive, and the price must be paid back by the citizens. The best fiscally responsible policy is to avoid rushing into foolish wars of choice like Iraq. And the best way to keep our children from paying for these wars decades from now is to collect the appropriate amount of tax from those citizens who can most afford it. But hey, that takes courage and sacrifice today. That's too risky for today's something-for-nothing Republican politicians. They'd rather tell you what they think you want to hear than what you need to hear.

Keywords
- Michael Burgess

- Rating: 0.00 (0 votes) - {$lang_ratethisnews}
 
The comments are owned by the poster. We aren't responsible for their content.


Other articles
2014/11/27 9:10:00 - Thankful for Lewisville PD
2014/11/27 7:45:43 - Stuff to be Thankful For
2014/11/26 18:10:00 - Updated: Violent Car Thief Shot by Police After High Speed Chase
2014/11/26 16:20:00 - Shooting at RaceTrac on FM 3040
2014/11/25 1:00:00 - Updated: Lewisville Police Report Several Armed Robberies Over the Weekend
2014/11/23 13:40:00 - Matthew Grimm to Perform in Lewisville on Sunday, November 30th
2014/11/23 12:30:00 - Sunday Morning Update - Friendsgiving Edition
2014/11/23 10:19:59 - 3.3 Magnitude Earthquake Shakes Irving
2014/11/22 12:34:52 - Recycling Rates, Participation Improve with Lewisville's New Trash Plan
2014/11/22 12:14:19 - State Unveils New Healthy Texas Women Website


The Lewisville Texan Journal is a service of SagePost, Inc.
Login to Comment
User:
Pass:
Remember me
Lost your password?
Create New Account