Sunshine
Trust the pie.
- Dec 17, 2009
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Wars are generally paid for with a tax increase designed to pay for the war.
War bonds.
War bond - Wikipedia, the free encyclopedia
But most here aren't old enough to remember them.
Bonds are borrowing. They are paid back when they mature. If they are paid back with new borrowed money, they remain effectively unpaid loans.
But they are not borrowin from banks. They are borrowing from the American people. And the interest goes directly to the American people and not to a corporation. The problem is these days people manage their money so stupidly they couldn't buy a bond if their neck depended on it.