Skip to main content

View Diary: Daily Kos/SEIU State of the Nation poll: Romney moves into tie with Obama (233 comments)

Comment Preferences

  •  I didn't state an... (0+ / 0-)

    ...opinion on increasing spending.

    I'm not quite sure what you're asking me to explain.

    If we increase spending, we need to borrow more money and/or raise more revenue, likely through higher taxes on high income taxpayers and corporations.

    But, both routes require Congressional approval. The Administration can't create AnneElk bonds unilaterally to evade the debt ceiling. Nor can the Administration spend funds unilaterally that are not authorized.

    In this environment, accounting games (which only work if GAO accounting doesn't have to account for the deferred interest until it actual pays it for some reason that escapes me right now - else the whole proposal makes no sense) such as AnneElk bonds are NOT going to get through Congress.

    Perhaps I'm missing your point.

    •  I see what you are saying (0+ / 0-)

      But there is (a) a need to raise domestic spending and (b) a need to sell that to the public if not the Congress. If you don't agree with (a), then we are done. If you do, then perhaps you might consider that the AnneElk bonds are at least good marketing even though the underlying economics aren't different. In the case of AnneElk bonds, what people think they are vs what they actually are is a very important issue. If you have another idea to sell the public on the need for increased spending, let's hear it.

      The universe may have a meaning and a purpose, but it may just specifically not include you.

      by Anne Elk on Tue Jul 24, 2012 at 03:26:04 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site