We had a deficit before the financial collapse. So how are we going to pay for all these bail out?

Thomas Sowell describes it this way:

When savvy pols want to hand out goodies, but don’t want to take responsibility for raising taxes to pay for them, they can tax people who can’t vote– namely the next generation– by getting the money by selling government bonds that future taxpayers will have to redeem.

Read the whole article HERE

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