https://www.akiit.com/2018/08/23/5-ways-to-find-emergency-cash/ Black News Online... Tue, 13 Aug 2019 03:50:06 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://www.akiit.com/2018/08/23/5-ways-to-find-emergency-cash/comment-page-1/#comment-29001 Sat, 25 Aug 2018 18:24:54 +0000 http://www.akiit.com/?p=8315#comment-29001 Anyone with a shred of common sense should be calling for a default on most types of government debt. The only time the government should be borrowing (and thereby shifting costs to the future) is for major infrastructure projects whose benefits will also go far into the future. Borrowing for operating costs or pensions is just ludicrous. People will be paying 30 years from now for the pensions of people who will be long dead by then. And what”s this idiotic trend of bonding against a future revenue stream so you get to spend it all in the short term? That basically means after the money is spent, the new revenue stream will be going solely towards paying interest forever. Or put another way, it will be spent to make the (mostly) rich people who bought the bonds even richer. Sounds like the type of debt we should default on. Ditto for student loans. People should stop paying them en masse because without them the cost of education wouldn”t have been so high that they would have had to borrow. And you can make a good case for government paying for higher education given that it means it reaps higher taxes over a person”s working life.

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