Recent News and Opinion
2014/9/15 - Monday Morning Update - September 15th
2014/9/12 - Symphony Opens Season with Russian Pianist
2014/9/10 - Chief's Weekly Update: Police Investigate on Bank Robbery
2014/9/8 - Lewisville To Spray Again for Mosquitoes Monday and Tuesday Nights
2014/9/8 - LISD Board to Discuss Bus Cameras, Hear LHS Campus Info, and Appro...
2014/9/8 - Home Invasion Robbery in Castle Hills
2014/9/6 - Sheriff's Deputy Godi Receives Star of Texas Award
2014/9/6 - Youth Orchestra to Make Its Home at MCL Grand in Lewisville
2014/9/5 - Visualizing the Lewisville City Budget
2014/9/3 - Letters: Problem with STAAR is Ownership
2014/8/31 - Sunday Evening Update - Labor Day Edition
2014/8/30 - Football Scores - Friday, August 29th 2014
2014/8/29 - Letters: Legal Defense Fund Established for Freed
2014/8/29 - Content Removed
2014/8/26 - Burger King Inversion Update
2014/8/25 - Officers Receive Life Saving Awards
2014/8/24 - Lewisville To Spray Again for Mosquitoes Monday and Tuesday Nights
2014/8/23 - Motorists Reminded to Be Careful as Kids Head Back-to-School
2014/8/20 - Neighborhood Gets Help from LISD and Police on Litter, Crime Problem
2014/8/20 - Letters: Freed Should Be Considered Innocent
2014/8/17 - Sunday Evening Update - End of Summer Vacation Edition
2014/8/17 - Pictures of Local High Water
2014/8/17 - Lewisville to Spray for Mosquitoes Monday and Tuesday
2014/8/16 - Flower Mound Presbyterian Church Celebrates 160 Years with Homecoming
2014/8/8 - Former Fire Official Arrested in Fill-the-boot Theft
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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 (2277 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

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Other articles
2014/9/15 7:51:54 - Monday Morning Update - September 15th
2014/9/12 7:40:44 - Symphony Opens Season with Russian Pianist
2014/9/10 7:07:22 - Chief's Weekly Update: Police Investigate on Bank Robbery
2014/9/8 8:06:51 - Lewisville To Spray Again for Mosquitoes Monday and Tuesday Nights
2014/9/8 7:38:23 - LISD Board to Discuss Bus Cameras, Hear LHS Campus Info, and Approve Bonds
2014/9/8 7:09:14 - Home Invasion Robbery in Castle Hills
2014/9/6 10:00:49 - Sheriff's Deputy Godi Receives Star of Texas Award
2014/9/6 9:40:00 - Youth Orchestra to Make Its Home at MCL Grand in Lewisville
2014/9/5 7:50:00 - Visualizing the Lewisville City Budget
2014/9/3 21:33:18 - Letters: Problem with STAAR is Ownership


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