Wednesday, March 28, 2007
Politicians - Magicians?
Well, this implicates the State of Arizona; however, we can be sure that this trick permeates all of our governments...
Noah Clarke provides this info at the Goldwater Institute:
"Government’s favorite trick is debt financing. From interest rates to payment schedules, debt financing is complex, making it easier to mislead voters. When campaigning for debt financing, policymakers tell voters they will be the beneficiaries of millions in new spending without having their taxes raised."
